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Fake letter regarding linking of Aadhar to Land records


CLARIFICATION The letter attributed to Cabinet Secretariat on Digitalisation of Land Records subsequent linking of the same to AADHAR being widely circulated in the sections of social media is completely fake and mischievous It is clarified that Govt of India has issued no such letter A police compl

CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act


CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act 1961 Rule 10CB for operationalising the provisions of secondary adjustment has been notified by the Central Board of Direct Taxes on 15th June 2017 It prescribes the time limit for repatriation of excess money and the rat

Reduced Liability of Tax on complex, building, flat etc under GST


The CBEC and States have received several complaints that in view of the works contract service tax rate under GST at 12 in respect of under construction flats complex etc the people who have booked flats and made part payment are being asked to make entire payment before 1st July 2017 or to face hi

Entries invited for 1st National CSR Awards


Entries Invited for 1st National Corporate Social Responsibility CSR Awards in 4 categories National CSR Awards instituted to recognize the companies that have positively impacted both business and society by taking a strategic approach to CSR through collaborative program as well as those leading t

Revised Threshold for Composition Scheme


REVISED THRESHOLD LIMIT FOR COMPOSITION LEVY As per discussions in the 16th GST Council Meeting held on 11th June 2017 1 Sub section 1 of section 10 read with sub section 2 of the same section of the Central Goods and Services Tax Act 2017 CGST Act provides that an eligible registered person whose a

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Experts Opinions

Tax rate for domestic companies ay 2017-18


A private company incorporated on 30 03 2015 and commenced its business from 15th April 2015 Thus the Turnover for the FY 2014 15 is Nil No business in the FY 2014 15 What is the effective rate of tax to the company for the FY 2016 17 Is it 29 or 30 Kindly advise

Contractual employee last date filling of itr ay 2017-18


HI All Please suggest me these following points 1 Last date filling ITR for contractual employee 2 Penalty for the late filling and penalty rate 3 Which ITR has to be filled for the contractual employee Please share aforesaid detail it will be really helpful for me

Impact on Closing Stock - GST


If their is closing stock on which Input Credit has already been claimed and the same is carried forward what impact will it have under GST Regime

GST IMPACT


Dear Experts What is short cut to follow sec 9 sub sec 4

Nature of transaction


Hi Can anyone tell me if closure proceeds of Sweep account are of contra voucher type or its under Receipt

Discussion

43b of income tax act

Is interest on late payment of service tax allowed u s 43B

Gst on manufactured garments

We provide customised apparels for Corporates Could u pls suggest teh applicable rate in the GST regime The apparels are sourced from manufacturers and logo printed from a seperate service provider Your reply is earnestly awaited Many thanks in advance

Supply goods in nepal & bhutan in gst act

How we treat in GST Act supply of goods in Nepal Bhutan

Classification of composite nature of transaction under gst

Hello Everyone As per my understanding under GST for Products HSN is applicable and Services SAC What if there is a combination of product and service then should it be classified using HSN or SAC e g company is providing hardware device on a lease basis these devices communicate with company server

work contract service me gst rate kya hoga

yadi main gst apply hone ki Pahle 40 lakh ka ghar ki keemat me se 15 lakh abhi aur 25 lakh rupay gst apply date ke bad details hun to kya mujhe gst lagega aur aur kitna lagega aur possession mujhe pure payment ke bad after six month milega please margdarshan de

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  • Returns under CGST Act,2017 with Returns Rules

    Reurns under CGST Act 2017
  • A Big blow for works contract in GST Model

    A BIG BLOW FOR WORKS CONTRACT IN GST MODEL
  • Due date of furnishing statement of financial transactions

    Due date of furnishing statement of financial transactions extended till 30th June 17
  • Miscellaneous Transitional Provisions - Detailed Analysis

    To watch related Video https youtu be rNEMGg7zEZs https youtu be ruPoM3ZcLY4 https youtu be y5iOt X4f5w https youtu be kbsRHPGqSEk Section 142 1 Goods Returned after Appointed Date Section 142 2 PRICE Revision Section 142 3 REFUND CLAIM Filed under Existing Law Section 142 4 REFUND CLAIM Filed under Existing Law for Export Section 142 5 Tax Paid before Appointed Date Services not provided Section 142 6 proceeding of appeal review or reference relating to a claim for CENVAT credit under Existing Law Section 142 7 proceeding of appeal review or reference relating to any output duty or tax liability initiated Section 142 8 assessment or adjudication proceedings instituted whether before on or after the appointed day under the existing law Section 142 9 return furnished under the existing law Section 142 10 Contract entered earlier Section 142 11 Tax leviable under Existing Law Section 142 12 Goods sent on Approval Basis in Previous law Section 142 13 TDS liability under Existing Law Detailed Analysis of Section 142
  • CGST#002 : Section 9 of CGST Act, 2017 (Levy & Collection)

    A DISCUSSION ABOUT LEVY OF CGST UNDER CGST ACT 2017

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Articles

Secondary Adjustment 92CE added in IT Act - Game On


Finance Act 2017 inserted Section 92CE in the Income tax Act 1961 to provide for Secondary Adjustment mechanism in the Transfer Pricing As a result of Primary Adjustment if there is an upward adjustment such disallowance shall be construed as an Advance or Loan to AE and accordingly a Secondary Adju


Section 9 of CGST Act, 2017: Levy and Collection (Reverse Charge)


Once again I am very grateful for such a positive feedback on my Second Article Section 9 of CGST Act 2017 Levy and Collection Friends in my Second Article I have discussed first part of Section 9 Levy Collection in case of Normal Charge Today we will discuss Section 9 Levy Collection in case of Rev


Key provisions in GST for Manufacturer


Hi readers as the appointed day is approaching here are few provisions analyzed for the benefit of manufacturer Intra state Supply Vs Inter state Supply In GST the taxable person on the taxable supplies made shall charge CGST SGST on Intra state supplies or IGST on Interstate supplies The same is de


GST Impact Study for Jewellers


GST IMPACT STUDY FOR JEWELLERY SECTOR GST Council has decided 3 rate of GST on Gold under chapter 71 In the GST regime prices of Jewellery will be high as compared to in current scenario as the tax burden is more We can understand the impact on price as under Due to GST the prices of jewellery will


Impact of GST on Works Contract


GOODS SERVICE TAX FOR CIVIL CONTRACTS GOVT CONTRACTORS JOURNEY FROM OLD REGIME TO GST Works Contract Has Been A Mystery For Almost Half A Century And Yet It Fancies Every Avid Leaner Of Indirect Tax It Is A Composite Contract Involving Both Transfer Of Property And Provision Of Labour We Shall Exami


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Updated on : 6/20/2017 1:37:14 PM


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