• Team Antworks

While some goods attract 5% GST, some others attract 12%, 18%, 28%. Some goods, however, are exempt from GST. All products under GST are listed under the Harmonised System of Nomenclature, or HSN code. Each of the products has a HSN code number to ensure that the invoicing practices of GST are in sync with … Continue reading “Goods Exempted Under GST”

• Team Antworks

The IT department has launched an e-filing capability for taxpayers with an online banking account. As a result of this, there are now two modes of payment of income tax in the country. One is the regular way of posting the same through challan at banks and the other is the e-payment of income tax. E-Payment of … Continue reading “e-Payment: Pay Tax Online – With all Benefits”

• Team Antworks

ESOP or an Employee Stock option Plan – which is also called as Employee Stock Ownership Plans in India is a system by which a company allows its employees to purchase shares of the company. Why are ESOPs given? There is a multitude of reasons for which an employer would give an ESOP to an … Continue reading “Employee Stock Option Plan(ESOP) Taxation”

• Team Antworks

Steps To E-File TN VAT Returns: E-Filing of Returns Top Dealers can file returns through the internet by accessing the site http://tnvat.gov.in. Here are the following steps to for filing returns on TN VAT. Log on to the home page. Enter your TPIN and designated password and click Submit. Click on the e Returns button … Continue reading “How to do e-Filing of TN VAT Returns?”

• Team Antworks

The Indian government primarily relies on taxes to fund its projects and provide amenities to its citizens, making each tax extremely critical to our overall development. VAT or Value Added Tax and CENVAT (Central Value Added Tax) are two main entities used by the government to ensure smooth functioning. What are VAT and MODVAT/CENVAT? VAT is an indirect … Continue reading “Differences between VAT and MODVAT/CENVAT”