TDS/ TCS provision under GST: See all Details

TDS/ TCS provision under GST, Central Government vide notification No.50-Central Tax-Dated 13-09-2018 & notification No.51-Central Tax-Dated 13-09-2018 has appointed 1stday of October 2018 as the date on which the provision of Sec 51 (TDS) & Sec 52 (TCS) shall come into force.

1. Who is required to Deduct TDS under GST

Section 51 of the CGST Act, 2017 has prescribes the authority and procedure for ‘Tax Deduction at Source’

As per section 51(1), the following class of person shall be required to deduct tax at source @2% ( CGST  1% + SGST 1%)  on the payment made or credited to the supplier where the total value of supply under a contract exceed Rs.2,50,000/-excluding GST:

(a) a department or establishment of the Central Government or State Government; or

(b) local authority; or

(c) Governmental agencies, or

(d) Following categories of …

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How to revive a Lapsed Insurance Policy

Failure to pay the premium of a life insurance policy before the due date results in the policy lapse you can revive lapsed insurance policy. The cover ceases to be available once the policy lapses. It is possible to revive a lapsed life insurance policy subject to fulfillment of conditions. Life insurers also come up with special campaigns for the revival of lapsed policies with concession or waiver of penalties.

A lapsed policy can be revived only if it has not crossed a certain period from the date on which the policy lapsed. This period is typically specified by the insurance company. Eligibility to revive a policy also depends upon the type of policy.

Visit insurer branch
The policyholder should visit the insurance company’s branch and get a revival quote. The revival quote will be typically a sum of all premiums due on the policy. This amount needs to be …

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GST Refund Claim Process Simplified : See all the Details here

GST refund claim process simplified as it became a big issue for businesses amid liquidity problems. As per the finance ministry now submission of print out of form GSTR-2A will be sufficient to claim Goods and Service Tax refunds as against providing invoices in respect of all purchases for a given month.

GSTR-2 A is a purchase return that is auto-generated by the system. And as per the government notification, the form will serve as the evidence using which claimants can avail of input tax credit or ITC. But in cases where the form GSTR 2 does not features all the details in respect of the invoices against which input tax credit is being claimed, the authorities may ask for the physical copy of invoices.

The notification by the government further clarified that wherein GSTR 2A carries all of the details of the invoices, officials cannot ask for a copy …

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If Aryabhatta invented 0 then how do we know that Ravana had 10 heads?

We know that this was spread by few idiots and this was firstly I found on a page run by the peaceful community. Then after, a person with no brain forwarded it widely without having proper knowledge.

Ravana has 10 head, Kauravas were 100 and Sahastrarjun had 1000 arms years before the invention of zero. There was number system in existence much before in all civilizations including India. But there was not zero and it’s applications.

Brahmi lipi was used widely to write Sanskrit slokas in ancient India. If you see number system in the Brahmi lipi. Here it is…

main qimg 714cb83a88e54957743be18bf48d4994 - If Aryabhatta invented 0 then how do we know that Ravana had 10 heads?

Now, if you want to write 11 in brahmi number you have to write the symbol of ten in ten digit and the symbol of one in unit digit.

Here is the number system and it’s representation in Sarada Lipi. (Zero was added in this because it Sarada Lipi …

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100 Best Movies on Netflix in India

Netflix continues to grow as the world’s biggest streaming service, announcing it has now more than 137 million subscribers globally in its latest quarterly earnings report. It’s achieved that on the back of spending tens of billions on original content and acquiring thousands of hours of films and TV shows from studios. Due to the nature of how personalisation works and Netflix’s emphasis on its own stuff though, the best movies can go missing in the clutter. That’s why we went ahead and have compiled the top 100 movies on Netflix, with the help of aggregate ratings on Rotten Tomatoes and IMDb.

This list will be updated once every few months if there are any worthy additions or if some movies are removed from the service, so bookmark this page and keep checking in. Here are the best movies on Netflix in India, sorted alphabetically.

  1. 12 Years A Slave (2013)
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What is Post Office Monthly Income Scheme ( POMIS )

What is Post Office Monthly Income Scheme?

1. Post Office Monthly Income Scheme

Post office offers POMIS among a host of banking products and services, under the purview of the Finance Ministry. Hence, it is highly reliable. It is a low-risk MIS and generates a steady income. You can invest up to Rs. 4.5 lakhs individually or Rs. 9 lakhs jointly, and the investment period is 5 years. Capital protection is its primary objective.

For instance, if Sharma has invested Rs. 5 lakhs in the post office monthly investment scheme for 5 years. As mentioned above, the interest rate is 7.3%. His monthly income will be Rs. 3250 for that period. Postmaturity, he can withdraw his 5 lakhs, either from any post office or get it to his savings account via Electronic Clearance Service.

2. Features & Benefits of Post Office Monthly Income Scheme

Capital protection: Your money is safe until maturity …

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Income Tax Department makes changes in PAN application form

The Income Tax Department on Tuesday announced certain changes to the application form for PAN or Permanent Account Number. The Central Board of Direct Taxes (CBDT), the apex policymaking body of the Income Tax Department, amended the income tax rules and said that quoting of father’s name in Permanent Account Number (PAN) application forms would not be mandatory in certain cases, according to news agency Press Trust of India. Quoting of a PAN, which is an identification number assigned to income tax assessees in the country, is required for financial transactions such as the opening of a bank account and filing of income tax returns (ITR). The amended rules provide that furnishing of father’s name will not be mandatory for a person whose mother is a single parent. The new rules will become applicable from December 5, the agency reported citing a CBDT notification.

Here are five things to know about the changes made to

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Full Comparison between Redmi note 6 pro vs Redmi note 5 pro

Xiaomi Redmi Note 5 Pro
Xiaomi Redmi Note 6 Pro

5.99″ (15.21 cm)

1080×2160 px, 403 PPI

6.26″ (15.9 cm)

1080×2280 px, 403 PPI


Quad + Quad Core

1.8 GHz + 1.6 GHz, 4 GB RAM

Quad + Quad Core

1.8 GHz + 1.6 GHz, 4 GB RAM


64 GB

128 GB (Expandable)

64 GB

256 GB (Expandable)


12 MP + 5 MP (Primary)

20 MP(Front)

12 MP + 5 MP (Primary)

20 MP + 2 MP(Front)

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Launch Date February 22, 2018 (Official) November
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Submit Life Certificate By November 30: Steps to get a life certificate

Steps to get a life certificate

Pensioners should submit their life certificate by November 30, 2018 in order to continue receiving their pension, said State Bank of India (SBI), country’s largest lender, on its official Twitter handle- @TheOfficialSBI. The certificate can be submitted either by visiting the branch or by directly submitting it online, from the comfort of home. “The Jeevan Pramaan initiative makes life simpler for pensioners. In just a few clicks, you can submit your Aadhaar based digital life certificate,” the lender said in a series of tweets.

Jeevan Pramaan, an Aadhaar-based digital certificate, was launched by the government on November 10, 2014. With the help of Jeevan Pramaan, the whole process of securing the certificate has been digitalized. Since the entire process is primarily Aadhaar based, digital certificate submitted by the pensioner can be authenticated only when pensioners’ accounts are seeded with their Aadhaar number, noted …

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Ranveer and Deepika marriage photos

Two Bollywood stars Deepika Padukone and Ranveer Singh are tied in the bond of marriage. Both are now life partners of each other. Deepvir’s wedding took place in Italy’s Lake Como. Fans were waiting for pictures of their wedding. Slowly the photos have appeared both have come to India and have arrived from Mumbai to Bangalore. Let’s show you the latest photos of their wedding.

Deepavir’s wedding took place in Italy’s Lake Como.

Ranveer – Deepika wedding pics 1

Ranveer – Deepika wedding pics 2

Ranveer – Deepika wedding pics 3

Ranveer – Deepika wedding pics 4

Ranveer – Deepika wedding pics 5

Ranveer – Deepika wedding pics 6

Ranveer – Deepika wedding pics 7

Ranveer – Deepika wedding pics 8

Ranveer – Deepika wedding pics 9…

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