In order to provide investors with a diverse portfolio, hybrid mutual funds are a form of investment vehicle which typically invests in a blend of stocks, bonds, and other assets. Securities like mutual funds that have debt or equity proportions exceeding 35% but below 65% are considered hybrid securities. Following the budget 2023, hybrid instruments held f...
• Login to GST Portal, select services, refund, applications for refund, export with payment of tax, RFD-01. • File the RFD-01 refund application in delhi. With all the details and precautions as it is not a rectification form. • After submission of the form, the application is passed to the processing officer. The processing officer will issue an acknowledg...
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The introduction of the import of service under, India will be a very unusual step in the field of indirect tax reforms. By consolidating a number of Central and State taxes into a single tax, GST is expected to significantly mitigate double taxation and make taxation overall simple for the industries. For the end consumer, it will be most helpful in terms o...
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1. Section 16 is amended to state that buyers who fail to pay their supplier the invoice value, including the GST amount, within 180 days from the date of issue of the invoice, must pay an amount equal to the ITC claimed along with interest under Section 50. 2. Sections 37, 39, 44, and 52 are amended to restrict taxpayers from filing their GSTR-1, GSTR-3B, G...
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In the case of the export of goods and services with payment, the shipping bill by default acts as a gst refund application in delhi. However, in case of a refund application without payment of tax, RFD-01 should be filled as follows: • Open GST Portal, log in, select services, then Refund selection. Select the application for refund and click on the export ...
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