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COMPLIANCE BURDEN ON FOOD DELIVERY APPLICATIONS AND RESTAURANTS

COMPLIANCE BURDEN ON FOOD DELIVERY APPLICATIONS & RESTAURANTS

COMPLIANCE BURDEN ON FOOD DELIVERY APPLICATIONS & RESTAURANTS From January 1, 2022, Food delivery apps will primarily collect5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms. This has been proposed by the government with a motive to bring several restaurants under the GST regime.  Tax experts suggest that … Read more

WHAT IS ANNUAL INFORMATION STATEMENT (AIS) AND TAXPAYER INFORMATION STATEMENT (TIS)

The AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY). It contains the information relating to income earned from various sources such as salary, dividend, interest from savings account, recurring deposits, sale and purchase of equity shares, bonds, mutual funds etc. The statement also … Read more