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Now quote PAN if cash payment is made above 2 lac


The Government is committed to curbing the circulation of black money and widening of tax base To collect information of certain types of transactions from third parties in a non intrusive manner the

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Last date for advance tax payment postponed in flood effected stated


Last Date for December 2015 installment of Advance Tax for taxpayers in Tamil Nadu and Puducherry extended till 31st December 2015 The last date of payment of December 2015 installment of Advance Tax

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Extension of tax compliance dates in Tamil Nadu


For all Central Excise and Service Tax assessees in the State of Tamil Nadu the date for payment of Central Excise duty and Service Tax for November 2015 is extended to 20th December 2015 while date o

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Accounting code for payment of Swachh Bharat cess


Circular No 188 7 2015 ST Dated the 16thNovember 2015 F No 354 129 2015 TRU Pt Government of India Ministry of Finance Department of Revenue Tax Research Unit Dated the 16thNovember 2015 To Principal

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Draft business process on GST registration put up online


Draft Business Processes on GST registration GST refunds and GST payments put up on mygov in for inviting comments Comments and views are invited on these business processes by 31st October 2015 The d

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Experts Opinions

Interest on delayed payment of interest on tds.


Hi Pooja Sir Under which section of Income tax act Assessee is liable to pay Interest on delayed payment of interest on tds in case of demand notice issued by the department and also what is the rate

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Overbooked challan demand


Hi I have tds demand for overbooked challan How to do online correction for it Please suggest

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Penalty & interest on service tax late payment & late submi


Dear Sir One of the our assesses has not filled service tax return of previous year 2014 15 also not paid the service tax till I requesting to you please advise to me how to calculate interest of prev

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Cash payment of chitty


Dear Expert One of my clients paid subscription of Chitty Rs 100000 per month ina cash He is accounting it as an invest ment in accounts Whether the limit of cash payment of Rs 20000 is applicable in

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Cash repayment to sundry creditors


Sir In my books two sundry creditors are there having their amount credited more than Rs 20000 00 Can I repay them in cash on two or three dates by below 20000 00 amounts

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Discussion

Tds on nri payment

Hello Sirs We have Deducted TDS on interest payable to Non Resident 10 rate as per DTAA Pan No PE Certificate is available at the time of filing i have mentioned correct PAN and DTAA option however i

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Pf on payment to contract labour

we are just cutting Pf on basic pay whether there is any implication arises because of not considering DA for PF cutting reply as quickly as possible

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Payment of bonus (amendment) bill 2015 as passed

Friends Pl find attached Payment of Bonus Amendment Bill 2015 as passed by Lok Sabha on 22 12 2015 The Bill provides for following amendments Eligibility limit for payment of bonus increased from Rs 1

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Service tax payment on december provision

Hi Everyone I work for a MNC our company raise invoices towards operational and promotional costs on monthly basis to our associate enterprise which is located outside india And then they reimburse us

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Need clarification regarding voucher of payment / jv

Dear Sir is there any return notificationregarding the Maintain Vocuher in Companies Act or any other Act Voucher maintance is mandetory or not please suggest

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File Download

  • Calculation of POT with SBC

    It calculates the rate of service tax including SBC you need to just enter three dates i e date of completion of service date of payment and date of invoice

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  • TDS Due dates and penalties

    Tds Due Dates of payment and filings consequences for non filing

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  • Chap-1 of C.Law(Final) Declaration and Payment of Dividend

    Chap 1 of C Law Final Declaration and Payment of Dividend

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  • Effective November 15,2015 'SB Cess' @ 0.5% will be levied

    The Central Government has issued Notification No 22 2015 ST dated November 6 2015 to exempt all taxable services from payment of SB Cess which is in excess of 0 5 of the value of taxable services In other words with effective from November 15 2015 SB Cess 0 5 will be levied on value of all taxable services i e the effective rate of Service tax including SB Cess will be 14 5 from November 15 2015 SB Cess is exempted to all those services which are exempted from Service tax refer Notfn No 22 2015 The Swatch Bharat Cess 0 5 is w e f 15 11 2015 it is applicable for all taxable services which are billed from 15th Nov 2015 hence even though the Service is rendered prior to 15th Nov but billed on or after 15h Nov the SB Cess 0 5 has to be charges Example If taxable service value is Rs 100 00 S Tax 14 on Rs 100 Rs 14 00 SB Cess 0 5 on Rs 100 Rs 00 50 TOTAL Rs 114 50 Scenario 1 In case where Taxable services are provided before the date to be notified after the enactment of Finance Bill Situation Rate of Service Tax Both Invoice issued and payment received after notified date after enactment of bill Service Tax 14 plus additional SBC 2 orincreased rates for alternative rate of services based on issue of invoice or receipt whichever is earlier Invoice issued prior to notified date after enactment of bill and payment received after notified date after enactment of bill Service Tax 12 36 or original rate as prevailing as on date of issue of invoice payment received before notified date after enactment of bill and invoice issued after notified date after enactment of bill Service Tax 12 36 or original rate as prevailing as on date of receipt Scenario 2 In cases where Taxable services are provided after the date to be notified after the enactment of Finance Bill Situation Rate of Service Tax Invoice issued prior to notified date after enactment of bill and payment received after notified date after enactment of bill Service Tax 14 plus additional SBC 2 or increased rate for alternative rate of services as the case may be as prevailing as on date of receipt Invoice issued and payment also received prior to notified date after enactment of bill Service Tax 12 36 or original rate prevailing as on date of issue of invoice or receipt whichever is earlier payment received before notified date after enactment of bill and invoice issued after notified date after enactment of bill Service Tax 14 plus additional SBC 2 or increased rate for alternative rate of services as the case may be as prevailing on date of issue of invoice

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  • TDS Working Summary

    Quarterly TDS Working Summary including TDS Deduction Details TDS Challan Summary Month wise Section Wise TDS Summary

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Articles

GST Payment - Online or Manual?


One moreReport of Joint Committeedated April 2015 was issued to give clarity on the issues relating Goods and Service Tax Payment It is said that more the system and procedures are made electronic mor


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Glance on Local Body Tax (LBT)


Local Body Tax LBT under Maharashtra Municipal Corporation Act LIX of 1949 Chargeability of LBT Corporation may impose LTB on the entry of goods purchases into the limits of the city for consumption u


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Proposed payment process under GST - New & improved


Introduction Report of The Joint Committee on Business Processes for GST has already been circulated and views have been sought from people at large for suggesting improvements thereupon This report i


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Payments under GST - Business Process


Introduction The Joint Committee has submitted its report on various business processes in April 2015 and it was made public in October 2015 The report on GST payment process deals with aspects like h


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Credit of EC & SHEC can be used for payment of Service tax


Dear Professional Colleague Credit of EC SHEC can be used for payment of Service tax With the underlying theme of setting the stage for Goods and Services Tax GST the Union Budget 2015 had proposed to


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Updated on : 12/27/2015 3:51:10 PM


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