penalty for late payment of vat

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GST Act, Rules and Analysis


GST Act CGST Act IGST Act UTGST Act GST Compensation to the States Act NewGST Rules Composition Rules Valuation Rules Transition Rules Input Tax Credit Rules Revised Invoice Rules Revised Payment Rules Revised Refund Rules Revised Registration Rules Revised Return Rules Draft GST Rules Accounts and

CBEC releases draft GST rules on Assessment and Audit , eWay Bill


CHAPTER ASSESSMENT AND AUDIT 1 Provisional Assessment 1 Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub section 1 of section 60 shall furnish an application in FORM GST ASMT 01 along with the documents in support of his request el

MCA considering Aadhar integration for MCA21 services


MCA is actively considering Aadhaar Integration for availing various MCA21 related services As a preparatory step all individual stakeholders viz DIN holders Directors Key Managerial Personnel Professionals of the Institute of Company Secretaries of India Institute of Chartered Accountants of India

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

Govt completes all Budget related process before 1st April


Lok Sabha Speaker congratulates the Prime Minister Union Finance Minister Members of Union Cabinet Members of Lok Sabha and Officers and Staff of Lok Sabha Secretariat Ministry of Finance Parliamentary Affairs for completing all the Budget related processes before 1st April States it is a historical

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Experts Opinions

Vat percentage %


Hello Sir I am ruining an online shopping website right now and these code is registered in my dvat tin number 1 315000 OTHER ELECTRONIC GOODS 315000 2 331000 TOYS 331000 3 203000 COSMETICS SHAMPOOS HAIR OILS 203000 4 904001 SUPPLEMENTARY FOODS FOR HEALTH ELECTRONICS PRODUCTS GROSSARY PRODUCTS AND A

Cash payment as per new provision


I want to know whether Cash Payment per day Rs 10000 is applicable to following case For Payment of Goods Purchased for Trading in regular Business

Late penalty for reject service tax return


My client filed the service tax return on time but some technical reason return is rejected After reject the return my client filed the return after due date tax paid on time Now department send the late filing return penalty rs 20000 now what to do Pls reply

Tds on payment of telephone expenses


Whether TDS attract on telephone expenses

In works contact in haryana vat kitne % par vat carge hoga a


Dear members please guide me that in Haryana vat on works contract me vat kutne portion par hoga

Discussion

Rule 3 of payment of dividend out of reserves

Dear Professional Please clarify my doubt regarding payment of dividend out of reserves The rate of dividend declare shall not exceed the average of the rates at which dividend was declared in 3 immediate preceding year However this rule is not applicable to a company which has not declared any divi

How to claim tds wct in hvat

HI GUYS I AM IN HARYANA ANDI HAVE DONE A TENDER FOR IFFCO NEW DELHIAND RECEIVED PAYMENT AFTER DEDUCTIONS OF 6 WCT NOW HOW CAN I CLAIM THIS 6 WCT DEDUCTED BY IFFCO NEW DELHI IN HVAT PLEASE HELP THANKS IN ADVANCE

Tds Late filing penalty?

Tds Late Filing Fee Payable Total Replies 1 Pratik Jain 23 April 2017Dear sirs I am having a partnership firm We had filed tds returns late from period Fy 2007 08 till Fy 2014 15 As a result we recieved several Late filing fee 200 day I recently found that No Tds late fee is payable as the it depart

Diluted eps in case of esop - share based payment

Below is the link for video explaining the calculation of Diluted EPS in case of Stock option https youtu be NgfFUVCv23k Please check I hope it will be helpful for you Let me know if you have any doubt

Share based payment quick revision videos

Hello Everyone I have created some videos explaining the various important concepts of share based payments Belos is the link https youtu be ez3SJ9YCuyc list PLjemDd6cjImCoCNLBFV Z5B H01jOtYg3 Please check I hope it will be helpful for you

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List of Forms related to Registration under GST


As per revised Draft registration rules 2017 following forms are required S No Form Detail Remarks 1 FORM GST REG 01 PART A Detail of Permanent Account Number Mobile Number E mail address State or Union territory PART B Submission of Application for registration duly signed along with Documents 2 FO


Normal Sale/Purchase transactions - Embedded Derivatives as per Ind-AS IFRS


In continuation of previous articles on Double double test Caps Floor Call Put Prepayments Foreign Currency Bonds Credit derivatives leases related options Embedded Derivatives as per Ind AS IFRS Normal sale and purchase transactions i e non financial instruments which are being done based on delive


Major differences in laws of VAT and GST


Arjuna Fictional Character Krishna Honorable President of India has given ascent to the GST and so it seems that GST will come into force from 1st July 2017 and the landmark is set for further steps Presently VAT is applicable to all the business dealers and now GST will be levied so please explain


TDS default on payment to Non Resident


DISALLOWANCE U S 40 a i of the Income Tax Act 1961 TDS DEFAULT ON PAYMENT OF ANY NATURE OTHER THAN SALARY TO A NON RESIDENT FOREIGN COMPANY In this article I am going to have a discussion on Section 40 a i of the Income Tax Act 1961 Which deals with disallowance of certain business expenditure in ca


Carry forward of accumulated credit to GST


This article is based on the GST Bill 2017 which was released in public domain in last week of March 2017 Background There seems to be a doubt in assesses who are registered under central excise and service tax whether the unutilized credit in excise and service tax returns can be c f into GST and u


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Updated on : 4/26/2017 1:21:25 PM


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