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Issue date of Sovereign Gold bond postponed to Sep 30


Government decides to shift the issue date of the Sovereign Gold Bonds 2016 17 Series II from September 23 2016 to September 30 2016 in view of large number of applications being received by banks and post offices The Government of India in consultation with the Reserve Bank of India RBI had notifie

Certificates will be issued to individual taxpayers


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Sub Finance Minister conveys Governments Appreciation to tax payers for their contribution towards Nation building The Government acknowledges the contribution of individual tax payers in paying taxes within

MVAT rates increased to 6%


FINANCE DEPARTMENT Madam Cama Marg Hutatma Rajguru Chowk Mantralaya Mumbai 400 032 dated the 16th September 2016 NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT 2002 No VAT 1516 CR 123 Taxation 1 In exercise of the powers conferred by sub section 1 of section 9 of the Maharashtra Value Added Tax Act 20

CBDT clarifies on taxpayers response to IDS 2016


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 15th September 2016 Sub CBDT clarifies unconfirmed reports on IDS 2016 Certain sections of the press have been speculating on the taxpayer response to the currently on going Income Disclosure Scheme

Govt reiterates information shared under IDS will not be shared with any authority


Government reiterates that information contained in a valid declaration under the Income Declaration Scheme 2016 is confidential and shall not be shared with any authority The Income Declaration Scheme 2016 the Scheme provides an opportunity to persons who have not paid full taxes in the past to com

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Experts Opinions

Whether cenvat credit utilised


if input service is always excess than output service in this case i have wrongly availed cenvat credit and utilised cenvat credit then whether it can be assumed that cenvat credit wrongly availed and utilised and now i havt to pay interest and reverse wrongly availed of cenvat credit

Wrongly availed cenvat credit of input services


wrongly availed cenvat credit of input services but not utilized of input credit services whether in audit service tax department deduct wrongly availment of cenvat credit whether i have to pay interest and reversal of cenvat credit also please reply this answer

Wrongly availed cenvat credit of input services


wrongly availed cenvat credit of input services but not utilized of input credit services whether in audit service tax department deduct wrongly availment of cenvat credit whether i have to pay interest and reversal of cenvat credit also please reply this answer

Vat setoff under work contract


We are taking projects for supply and installation of New Aluminium Window to builder under work contract for their upcoming new building Where we are charging 5 of Vat on total job value We are purchasing the material where we are paying on some items 12 5 vat and 5 5 of vat During filing the retur

Restaurants vat details


Dear sir i am working accountant in restaurant i have one doubt 1 sales bill i collected vat 14 5 and service 6 on total bill value 2 purchases food items and etc but some bills i received 14 5 5 2 20 this input tax amount i claimed or not 3 please tell input tax claimed details for restaurants gang

Discussion

Last date of mvat return 2016

What is the last date of filling of MVAT Returns for APR 16 and further months as new forms are being delayed by department

Cenvat credits of ssi unit.

A newly incorporated company is setting up a plant which will become operational in Jan2017 The company doesnt want to take excise registration and wants to operate under E N 8 2003 SSI Whether credit of CVD and Special CVD will be allowed if the assessee doesnt take excise registration and wants to

Frequency of vat return under mahavat for newly dealers

Hello My query is that what will be the vat returns frequency of newly registered dealers in mahavat All the dealers who are registered under the new SAP system in financial year 15 16can not retrieve the details of frequency of vat returns from KNOW YOUR TIN Thus i want to know the frequency of vat

Mvat / cst utility from april 2016

FROM WHERE DO I PURCHASE THE MVAT CST UTILITY FOR FILING THE RETURN FROM APRIL 2016 PLZ GUIDE AND ALSO THE COST OF THE SOFTWARE

Due date of filing m vat return

due date of filing mvat return 2016 17

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Articles

The Service Tax Registration Guide for India


Service based businesses in India with a turnover of over Rs 9 lakh in a financial year must have a service tax registration This applies to nearly all service providers barring a few that appear on the negative list such as educational institutions gymkhanas and cultural organisations Service tax i


Private placement under companies act, 2013


When a company issues shares to a select group of investors instead of inviting public at large it is called private placement of shares It falls neither in the category of a public issue nor a rights issue It is a faster way of raising capital as a company has to comply with fewer requirements A Pr


India has the 9th largest market capitalisation in the world


India is the ninth largest country in the world in terms of market capitalisation of 1 66 trillion Rs 100 lakh crore and its market capitalization to gross domestic product GDP ratio has climbed to 75 34 the highest among all major markets barring Hong Kong Indian citizens can now trade on Global ma


One India, One Tax - GST


Introduction GST will be a game changing reform for the Indian economy by creating a common Indian market and reducing the cascading effect of tax on the cost of goods and services It will have an impact on the tax structure tax incidence tax computation tax payment compliance credit utilization and


No change in MVAT rates of commodities


THERE IS NO CHANGE IN THE BELOW MENTIONED COMMODITIES EXCEPT the below commodities the MVAT Rate has changed from 5 5 to 6 and from 12 5 to 13 5 w e f 17th September 2016 4 A Cotton yarn but not including cotton yarn waste 8 Aviation Turbine Fuel sold to a Turbo prop aircraft 20 Cereals pulses with


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Updated on : 9/25/2016 12:59:11 PM


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