CAclubindia News

Income tax offices to remain open till midnight today

05 August 2017 at 11:08

In view of the difficulties faced by taxpayers, the due date for filing of Income Tax Returns for F.Y. 2016-2017 i.e. Assessment Year A.Y. 2017-2018 was extended to 5th August, 2017(for certain categories of taxpayers).In order to facilitate manual f

Posted in Income Tax | 4773 Views

Eighteen sectoral group under GST

05 August 2017 at 11:08

The Goods and Services Tax (GST) Council in its 14th meeting held on 18-19 May, 2017 approved the constitution of eighteen sectoral groups to ensure smooth roll-out of GST. The Council has received reports from sixteen out of the eighteen sectoral gr

Posted in GST | 1 comments | 6552 Views

Post GST reduction of incidence of Tax on Coal Consumers

04 August 2017 at 11:01

In pre GST regime there was Excise Duty on Coal @ 6% , Stowing Excise Duty @ Rs. 10 per tonne of coal production, VAT@ 5% (on intra-state sale), Central Sales Tax @ 2% (on inter-state sale, on submission of Form C) . Post implementation of GST all th

Posted in GST | 1 comments | 4068 Views

RBI cuts repo rate by 25 basis points to 6 percent

02 August 2017 at 18:12

The Secretary, Department of Economic Affairs (DEA), Shri Subhash Chandra Garg said that the Government welcomes the 25 basis points cut in the repo rate announced today by the Monetary Policy Committee (MPC) in its third Bi-Monthly Meeting held in M

Posted in Community & General | 1 comments | 3282 Views

Mandating Aadhaar linkage to PAN cards

02 August 2017 at 11:13

Permanent Account Number (PAN) is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person. One PAN for one person is the guiding principle for allotment of PAN. However, for achieving the objective o

Posted in Income Tax | 5 comments | 6015 Views

Impact of GST on Airfares

02 August 2017 at 11:12

Under the GST regime the applicable tax rate on passenger tickets for economy class has been reduced from 6% to 5% (non-creditable for goods). The tax rate for business and first class has been increased from 9% to 12% (with input tax creditable for

Posted in GST | 4839 Views

Govt call centres to cater to the queries relating to GST

02 August 2017 at 11:12

Government has set up two call centres being run for the purpose of catering to queries of taxpayers and stakeholders in GST.i. Call centre on GST Application software prepared by GSTN, is being run by GSTN. Phone number is 0120-4888999 and email id

Posted in GST | 1 comments | 4374 Views

Pass Percentage of CA IPCC May 2017

01 August 2017 at 18:11

Details of candidates passed in Chartered Accountants Intermediate (IPC) examination held in May-2017The details of percentage of candidates passed in the above said examination are given below -

Posted in Students | 24681 Views