luxury tax karnataka

News

ST return for April to June to be submitted by 15th August


TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3 SUB SECTION i GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No 18 2017 Service Tax New Delhi the 22nd June 2017 1 Ashadha 1939 Saka G S R E In exercise of the powe

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

Reduced tax liabilities under GST regime for 89 items


The new indirect tax regime in the country is to come into effect from 01 07 2017 wherein fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council In a majority of supplies of goods the tax incidence approved by the GS

Govt emphasizes that GST will be rolled out on 1st July


Government emphasizes that Goods and Services Tax GST is scheduled to roll out on 1st July 2017 CBEC in coordination with the State Governments has increased their Outreach Programmes so as to reach the last trader The Government of India has emphasised that Goods and Services Tax GST is scheduled t

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Experts Opinions

Service tax


I let out my property to a west Bengal based company The annual rental value was above 15 lacs I registered under service tax I want to know that is the exemption limit of rs 20 lacs under Gst applicable on me Can I charge the Gst rate separately on my bill or not

partnership firm Tax Audit 44AD


the 8 profit is to be considered before interest on partners capital and partners remuneration or after deducting it for determining audit applicability because in our client case profit is 13 before interest and remuneration but after remuneration and interest it is 5 Whether audit is applicable to

Service tax to rbi


When service provided to RBI comes under RCM Then whether RBI is liable to pay service tax to govt In short does RCM applies to RBI I humbly request to provide the answer with reference to section OR Circular Clarify that as per which section or circular RCM does or does not apply to RBI Read more a

Taxability of lic policy's maturity amount


SIR Please guide into following An individual has received maturity amount of his LIC life insurance policy in FY 2016 17 Policy started in October 1996 and matured in October 2016 Policy Sum assured Rs 1 00 000 Total premium paid by him during the policy period Rs 1 20 000 Total Maturity Amount rec

Tax rate


RESOECTED SIR TAX RATE OF PLASTIC BAGS WHICH IS CARRY FOR FRUITS VEGETABLES ETC ABD INSTRUMENTS TO CATCH FISH ROOFS DINNER TABLE COVER ETC PLEASE ADVICE THANKS

Discussion

rate of tax on dgft licences

what will be rate of tax on sale and purchase of dgft licences such as depb fps further under which category it will fall

Tax audit

Dear Experts Please advise turnover for applicability of Tax audit for the F Y 2016 17 Thanks

service tax

how to measure service tax what is provision

Input Tax credit for real estate

As per the GST provision Construction contractors now can take the ct credit of Steel Cement Etc purchase for thr construction purpose my que is the for eg A Pvt provids the works contract services to B p ship firm now can B p ship firm take the credit of GST levied by A Pvt Ltd can A Pvt Ltd take t

input tax credit on spare

Dear Sirmy query is that what can a manufacturing unit allows for input tax credit on spare purchase for machinery repair etc

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File Download

  • GST Invoice Rules

    GST RULES FOR TAX INVOICE CREDIT AND DEBIT NOTES
  • GST Input Tax Credit Rules

    1 Documentary requirements and conditions for claiming input tax credit 2 Reversal of input tax credit in case of non payment of consideration 3 Procedure for distribution of input tax credit by Input Service Distributor 4 Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases 5 Conditions and restrictions in respect of inputs and capital goods sent to the job worker
  • Notification 2/2017 - IGST

    N N 2 2017 IGST with detailed analysis No need to refer Act rules further to understand the notification
  • Notification 1/2017 - IGST- Notified 6 sections of IGST Act with effect from 22nd June 2017

    N N 1 2017 IGST with detailed analysis No need to refer Act rules further to understand the notification
  • GST Invoice Format

    Sample as per GST Rule For Tax Invoice Bill of Supply Receipt Voucher Refund Voucher Payment Voucher Debit Note and Credit Note

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Articles

Few advantages of Goods and Services tax


Today everyone is talking about Goods and Services Tax GST It is the most compact simple yet confusing system of taxation to be rolled out in India from 1st Day of July 2017 and will demolish number of wide indirect taxes such as Value Added Tax VAT Service Tax and Excise Most of us are talking abou


Notification No. 2/2017 - Integrated Tax


What Notification says The Principal Commissioner ofCentral Tax Bengaluru West and all the officers subordinate to him are appointed as the officers empowered to grant registration in case of online information and database access or retrieval OIDAR services provided or agreed to be provided by a pe


1st Notification of GST no : 1/2017 - Integrated Tax


Notification 1 2017 Integrated Tax Notified 6 sections of IGST Act with effect from 22nd June 2017 Appointment date as 22nd June 2017 for Section 1 2 3 14 20 22 of the IGST Act coming into force Reason for notification before 1st July 2017 To enable enactment of the Act and thereby gain the power to


How to avail Input Tax Credit in GST


Arjuna Fictional Character Krishna What are the provisions of ITC for taxpayer in GST Krishna Fictional Character Arjuna There are different provisions for ITC in Excise and VAT laws In GST the provisions of ITC are given Some provisions of excise service tax and VAT are merged while preparing provi


Payment of tax, interest, penalty and other amounts under GST


Payment of tax interest penalty and other amounts under GST in 10 points 1 In the GST regime for any intra state supply taxes to be paid are the Central GST CGST going into the account of the Central Government and the State UT GST SGST going into the account of the concerned State Government For an


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Updated on : 6/24/2017 8:09:12 AM


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