indirect taxes problems


GST a clear departure from the scheme of distribution of fiscal powers

Introduction of GST Tax on sale or purchase of goods within a State as per Entry List II of Seventh Schedule of the Constitution is a State subject and accordingly VAT was been introduced by the concerned States in place of turnover taxes The introduction of VAT ensured that credit of taxes paid on

Mandatory Quoting of Aadhaar for Return filing not applicable to Non resident

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Section 139AA of the Income tax Act 1961 as introduced by the Finance Act 2017 provides for mandatory quoting of Aadhaar Enrolment ID of Aadhaar application form for filing of return of income and for making

Highlight of the CAG report on Direct Taxes

Highlights The Comptroller and Auditor General of India conducts the audit of Receipts from Direct Taxes of the Union Government under section 16 of the Comptroller Auditor General of India Duties Power and Conditions of Service Act 1971 This Report discusses direct taxes administration audit mandat

Revenue department exceeds revised Tax collection target of 2016-17

Revenue Department exceeds Revised Tax Collections target for 2016 17 around 18 taken together in case of Direct and Indirect Taxes Provisional figure of Total Tax Collections in 2016 17 is Rs 17 10 Lakh Crore as against the Revised Target of Rs 16 97 Lakh Crore Direct Tax collections up to March 20

CBDT invites comments on notification issued to stop misuse of long term capital gain

Central Board of Direct Taxes requests for stakeholders comments on draft of Notification to be issued Under Section 10 38 of the Income tax Act 1961 Section 10 38 of the Income tax Act 1961 the Act prior to its amendment by Finance Act 2017 provided that the income arising by way of a transfer of l

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Experts Opinions

What taxes should i register for a publishing house?

I have formed partnership deed unregistered Applied for PAN card My business would be books publishing and selling of books online and offline Should I apply for TAN I think yes because I would be hiring artists writers and will deduct TDS on their invoices What other taxes should I register for VAT

Interest on TDS and Indirect Tax

With reference to law or pronouncements please clarify whether Interest on late payment of TDS and ANY Indirect tax covered under disallowance under 40 a ii

Indirect tax rates

Applicable rate of indirect taxes for May 17 IPCC

Indirect tax

An amount equal to cenvat credit availed on capital goods required to be pay when capital goods removed as such without use can we utilized cenvat credit while paying such amount

Tds e filling password reset problems



Message to all who are filing service tax returns and facing problems due to not having gst username

The solution is just enter any username you want but please note that any username entered right now by you will be required to remain same while migrating to GST later So for ease just enter assessee s PAN number nd year of birth as username Since it will be easy to keep remember and also this is a

Turnover taxes slabs

Is any turnover taxes slabs in GST Like eailer it was in excise duty

CA FINAL Indirect tax importance

As promised back with our 50 important questions for CA FINAL MAY 17 indirect tax 1 Deemed manufacturing2 Excisable Goods excludes bagasses 3 Coconut oil upto 200 ml is not cosmetics but edible oil4 crushing of coal is not manufacturing5 Valuation Rule 8 captive consumption 6 value of gunny bags ret

Indirect tax

Dear professional my query is I am carrying out the Audit of a manufacturing company So during procurement of inputs it pays exice duty and sometimes vat as the case may be and when it sells the product it charges excise duty and vat cst My query is regarding Cenvat and ITC please explain how will i

Vacancy in a reputed indirect tax firm

Requirement for Articles in a mid size firm D Arvind Associates We specialize mainly in indirect taxation We provide services in all areas of indirect taxation i e Service tax Excise duty All India VAT and Customs Interested Candidates mail your resume to adit darvind com or you can even contact on

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CA IPCE Amendments in Indirect Taxation

Basic Concepts of Indirect Taxes UNIT 2 Central Excise Duty 1 Excise duty of 1 without CENVAT credit or 12 5 with CENVAT credit has been levied on articles of jewellery excluding silver jewellery A jewellery manufacturer will be eligible for exemption from excise duty on first clearances upto Rs 10

Now is the time to attack! Start firing bullets at your taxes

Act before March end so that you dont have to regret in July So many clients put their palms on their head when it is the time to pay taxes and file return in July Taxes have already fired at them they have done nothing to save themselves against the tax shots They could have saved a pretty good amo

Highlights of Indirect Tax Proposals in Union Budget 2017-18

SERVICE TAX Amendments effective from 02 02 2017 Amendment in Mega Exemption Notification No 25 2012 ST dated 20 06 2012 Services provided or agreed to be provided by the Army Naval and Air Force Group Insurance Funds by way of life insurance to members of the Army Navy and Air Force under the Group

Current Indirect Tax Vs. GST

India is on the way and at the final step to implement GST which is expected to be roll out from 1st July 2017 This will be a major reform in Indirect taxation in India post independency Lets have a look at few of the differences in between Current Indirect Tax Vs GST Current Indirect Tax vs GST S N

Direct Taxes: Not that typical

Hello everyone Many times I have seen students asking about the DT preparation i e how to study what to study etc and it seems that students sometimes find this subject typical and tough First of all let me clear that Direct tax law is not a burden Rather its one of the most interesting subjects in

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Updated on : 4/26/2017 11:35:17 AM

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