Budget 2021: Updates as on 1st February 2021
Goods and Services Tax (GST) is an indirect tax used on the supply of goods and services. GST is a value-added tax levied on goods and services sold for domestic consumption. It has subsumed several taxes including central excise duty, services tax, additional customs duty, surcharges and state-level value added tax.
Income Tax Department To Refund Late Fee If Wrongly Charged!
Reversal of the late expense charged under segment 234F will be considered in the computation of amount payable or refund due.
