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Cabinet abolishes cesses and surcharges in Custom and Excise to facilitate GST implementation


Cabinet approves Amendment of in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals i Amendment to the C

GST to help in reducing prices of various items


FM Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India For FDI India is most preferred destination in the world today Major indirect tax reform in the history of the country since independence i e Goods

Union Cabinet chaired by the PM approves the 4 GST related bills today


The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approves the four Goods and Services Tax GST related bills today The GST law will be the biggest reform in the area of Indirect Taxes in the history of independent India The Union Cabinet chaired by the Prime Minister Shri Narendra M

4.21 crore income tax returns Efiled this year


Number of e filed Income Tax Returns in Financial Year 2016 17 till 28 02 2017 was 4 21 Cr The total amount of refund issued in the current fiscal including refund arising out of rectification appeal effect etc is Rs 1 48 459 crore till 28 02 2017 The number of e filed Income Tax Returns in Financia

Service Charges are Discretionary and Voluntary


Service Charges are Discretionary Voluntary Ministry of Consumer Affairs Food and Public Distribution The Ministry of Consumer Affairs Food and Public Distribution has issued advisory to all the State Governments UTs to sensitise the companies hotels and restaurants in the state regarding the releva

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Experts Opinions

Presumptive tax-loss carry forwsrd


Whether any business paying income tax under presumptive basis u s 44AD can carry forward its loss as per books of accounts

vat return 4th qrt and gst registration


I registered my new trading firm in haryana vat in Feb 2017 but right now no any work done so please anyone advice for vat return and registration in get

Income tax demand


Is it advisable to not accept a three plus years old demand for lack of sufficient records of that time period

Tunover limit for vat audit of fy 16-17


What is the turnover limit to be liable to get audited us e704 of mvat maharashtra

professional tax nill return


is professional tax nil return compulsory if no employee but registration certificate obtained Thanks in advance

Discussion

Tax book

Bangaras book is good for IPCC IDT

Income tax demand

Is it advisable to not accept a three plus years old demand for lack of sufficient records of that time period

Composition scheme under vat

Hi can anyone answer the implication of ITC on the closing stock of dealer under composition scheme who is willing to opt for normal scheme I e Tax paid on purchases made from registered dealers will be liable as input tax credit on the closing stock of goods at the time of further saleif the dealer

Income tax act 1961 amended 2016

Can anyone post link to income tax act 1961 as amended 2016

Taxable ITR For Home Loan Apply

If Someone has a Shop and he wants to get home loan from any Banking Institutions also he is not paying any tax How I have to Handle this case What are the necessary documents bank asks and how to prepare his final accounts to help him in getting loan He needs Rupees 15 lakhs for construction Please

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Articles

Place of Supply of Goods and Services under GST


Q No 1 What is the need for the place of supply of goods and services under GST Ans The basic principle of GST is that it should effectively tax the consumption of supplies at the destination or at the point of consumption So place of supply provision determines the place i e whether a transaction i


GST Impact on last Service Tax Return ST-03


GST the dream of Central Government will finally come true as GST Council has granted approval to CGST IGST SGST UTGST and Compensation law and these laws have been approved by the cabinet So once again GST will become a matter of discussion for all industries However we should not forget that next


How to tackle CA IPCC Taxation?


Hello IPCCians Be not afraid of anything you will do marvellous work Have belief in yourself I will be sharing here how to face the subject and how to prepare for your exam First of all I would like to say that tax is a high scoring subject and you can get above 60 with a well prepared strategy I ha


Service tax under Reverse Charge Mechanism on Goods Transport Agency (GTA)


Goods Transport Agency GTA means any person who provides service in relation to transport of goods by road and issues consignment note by whatever name called Generally service tax is payable by the provider of Service However in Reverse Charge Mechanism Service Receiver is made liable to pay servic


Cenvat credit on deposits insurance - Banks v/s Departments


Introduction Banks are registered under service tax in the category of Banking and Financial Services They collect and pay service tax on its various incomes such as commissions bank charges documentation charges processing fees etc levied on its customers However one of the major revenue earned by


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Updated on : 3/25/2017 10:48:11 AM


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