Relevant part of MAT-Ind AS Committee Report

28 July 2017 at 11:26

Relevant part of MAT-Ind AS Committee Report dated 17th June, 2017 containing recommendations regarding amendment to the provisions of the section 115JB of the Income-tax Act, 1961 in respect of Ind AS Compliant Companies.Under Ind AS, there are cert

Continue Reading »

Posted in Accounts |    0 comments |   15 hits


Benami Transactions Across the Country

27 July 2017 at 11:06

The Government of India has taken several steps to address the problem of benami transactions across the country. (i) The Benami Transactions (Prohibition) Act, 1988 (the Act) was comprehensively amended through the Benami Transactions (Prohibition)

Continue Reading »

Posted in Income Tax |    0 comments |   374 hits


Benefits of GST for the Transport Sector

27 July 2017 at 11:06

The transport sector stands to benefit from the recently rolled out GST in several ways. Pre- GST, the complex tax structure and paper work forced the transport industry to spend a lot of resources on tax compliance and deposit of interstate sales ta

Continue Reading »

Posted in GST |    0 comments |   638 hits


Issues arising from implementation of MAT on IAS compliant companies

26 July 2017 at 10:43

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesIssues arising from the implementation of Minimum Alternate Tax (MAT) provisions relating to Indian Accounting Standards (Ind AS) compliant companies.Finance Act,

Continue Reading »

Posted in Corporate Law |    0 comments |   226 hits


Selection of Chairman of National Anti profiteering authority under GST

26 July 2017 at 10:43

GST Council forms a Selection Committee under the Chairmanship of Cabinet Secretary to identify and recommend eligible persons for appointment as the Chairman and Members of the National Anti-profiteering Authority under GST The GST Council has forme

Continue Reading »

Posted in GST |    0 comments |   215 hits


Impact of GST on Civil Aviation Sector

26 July 2017 at 10:43

Under the GST regime the applicable tax rate on economy class passenger tickets has been reduced from 6% to 5% (non-creditable for goods), while the tax rate on business class has been increased from 9% to 12% with input tax creditable for both goods

Continue Reading »

Posted in GST |    0 comments |   181 hits


Case study on birth of GST released

26 July 2017 at 10:43

The Union Finance Minister, Shri Arun Jaitley releases a Case Study on the Birth of the Goods and Services Tax (GST) in India - -The GST Saga: A Story of Extraordinary National Ambition- in national capital today. A Case Study on th

Continue Reading »

Posted in GST |    0 comments |   321 hits


ICAI writes letter to Editors on CA day coverage

25 July 2017 at 11:19

Letters to Editors - Rashtriya Sahara - July 7th, 2017 - (24-07-2017)Letters to Editors - Aaj Tak - July 7th, 2017 - (24-07-2017)Letters to Editors - Chauthi Duniya - July 7th, 2017 - (24-07-2017)Letters to Editors - Navodaya Times - July 7th, 2017 -

Continue Reading »

Posted in Professional Resource |    0 comments |   528 hits


GST Offline Tool to collate and upload the invoices

25 July 2017 at 11:19

Returns Offline Tool Version V1.0Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Download gst_offline_tool.zip will contain following four filesSample_filesOffline Tool User ManualRead

Continue Reading »

Posted in GST 2 comments |   1192 hits


ICMAI Newly elected President and Vice President for the year 2017-18

25 July 2017 at 11:19

ICMAI Newly elected President and Vice President for the year 2017-18

Continue Reading »

Posted in Professional Resource |    0 comments |   169 hits


NRI to submit foreign bank details only in refund cases

25 July 2017 at 11:19

Optional reporting of details of one foreign bank account by the non-residents in refund cases Refund generated on processing of return of income is currently, credited directly to the bank accounts of the tax-payers. Availability of the detail of b

Continue Reading »

Posted in Income Tax |    0 comments |   138 hits


IT dept celebrates Aaykar Diwas 2017

25 July 2017 at 11:19

Income Tax Department celebrates Aaykar Diwas 2017; FM calls for expansion of the tax base in a non-intrusive manner and prompt redressal of the grievances of the tax payers. The Union Finance Minister Shri Arun Jaitley highlights the initiatives un

Continue Reading »

Posted in Income Tax |    0 comments |   93 hits


Date for Cancellation of GST Registration extended upto 30th September

24 July 2017 at 10:58

To address the concerns of taxpayers arising from Transition to the GST regime, the Government decides to extend the time limit for filing intimation for Composition Levy (filing of intimation FORM GST CMP-01) up to 16th August, 2017; The period of a

Continue Reading »

Posted in GST |    0 comments |   1240 hits


Extension of time limit for filing intimation for composition levy

22 July 2017 at 18:33

F. No. 345/114/2017-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and CustomsGST Policy Wing***New Delhi, the 21st July, 2017Order No. 01/2017-GSTSubject: Extension of time limit for filing intimation for comp

Continue Reading »

Posted in GST 1 comments |   1124 hits


Undisclosed income of Rs 5400 crore detected during Demonitization

22 July 2017 at 12:19

Demonitization: From 9th November 2016 to 10th January 2017, more than 1100 searches and surveys were conducted by the ITD; more than more than 5100 verification notices issued; The undisclosed income detected in these actions was more than Rs. 5400

Continue Reading »

Posted in Income Tax |    0 comments |   310 hits


GST applicability in CS Exams

22 July 2017 at 12:19

Applicability of GST in December 2017 Examination- Executive Programme Dear StudentsWe are pleased to inform you about the introduction of Goods & Services Tax (GST) in the Taxation Curriculum of CS Executive Programme under Tax Law and Practice

Continue Reading »

Posted in GST 1 comments |   736 hits


CA IPCC results to be declared on 1st August 17

22 July 2017 at 11:43

IMPORTANT ANNOUNCEMENTThe result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May 2017 is likely to be declared on Tuesday, the 1st August 2017 around 6.00 P.M. and the same as well as the merit l

Continue Reading »

Posted in Students |    0 comments |   386 hits


GST not to be added for TDS computation : CBDT

20 July 2017 at 11:28

F. No. 275/59/2012-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiCircular No. 23/2017Dated: 19th July, 2017 Subject: Modification of Circular No.1 of 2014 in view of substitution o

Continue Reading »

Posted in Income Tax |    0 comments |   1582 hits


Cabinet approved IGST and CGST Amendment Bill 2017

20 July 2017 at 10:55

Cabinet approves Central Goods and Services Tax (Amendment) Bill, 2017 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu

Continue Reading »

Posted in GST 1 comments |   1173 hits


GST to be examined for 75 marks from May 18 CA Exams

19 July 2017 at 10:47

Sub: GST BE EXAMINED INPAPER 8: INDIRECT TAX LAWS IN MAY, 2018FINAL EXAMINATION UNDER OLD SCHEME OF EDUCATION AND TRAININGAs has already been announced, students appearing in November, 2017 final examination will be examined on -Overview of GST

Continue Reading »

Posted in Students 3 comments |   3019 hits






Updated on : 28/07/2017 12:09:01


×
close x
ispeedtax
Download GST App    |    x