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No GST on Annual subscription charged as lodging charges by educational institutions
14 July 2017 at 11:21No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation; Services provided by an educational institution to students, faculty and staff are fully exempt from GST. T
Clarification on tax in reverse charge on gold ornaments
14 July 2017 at 11:21Further clarification on tax in reverse charge on gold ornaments; Sale of oldjewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such purchases;However, if an unregistered supplier o
No GST is applicable on free food supplied at religious institutions
12 July 2017 at 11:53No GST is applicable on free food supplied in anna kshetras run by religious institutions; prasadam supplied by religious places like temples, mosques, churches, gurudwaras, dargahs, etc. attracts Nil CGST and SGST or IGST, as the case may be. There
Show Cause Notice issued to 5,922 Associations for cancellation of FCRA registration
12 July 2017 at 11:53As a one-time measure, all associations were given an opportunity by way of a Public Notice uploaded on fcraonline.nic.in on May 12, 2017 requiring the associations to file their missing Annual Returns pertaining to FY 2010-11 to 2014-15 within a per
CA Final and CPT results to be declared on 18th July 2017
11 July 2017 at 18:07IMPORTANT ANNOUNCEMENTThe result of the Chartered Accountants Final Examination held in May 2017 and Common Proficiency Test (CPT) held in June 2017 are likely to be declared on Tuesday, the 18th July 2017 around 2.00 P.M. and the same as well as the
Multipurpose Empanelment Form (MEF) for the year 2017-18 is live now
11 July 2017 at 11:08Multipurpose Empanelment Form (MEF) for the year 2017-18 is live now. We request all the members holding full time Certificate of Practice/firms as on 01.01.2017 to fill the Multipurpose Empanelment Form 2017-18 carefully and submit all the fields of
Gifts upto Rs 50000 by employer to employee outside GST ambit
11 July 2017 at 11:08Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business.
New taxpayer service Aaykar Setu launched
11 July 2017 at 11:08FM launches a new tax payer service module �Aaykar Setu� that compiles various tax tools, live chat facility, dynamic updates, and important links to various processes within the Income Tax Department in a single module; Says that this e
GST rate for Sanitary Napkins
11 July 2017 at 11:08There are some remarks made by various column writers on GST rate on sanitary napkins. It may be mentioned that the tax incidence on this item before and after GST is the same or less. Sanitary napkins are classifiable under heading 9619. In pre-GST,
Prices of appliances under UJALA revised after GST comes into effect
10 July 2017 at 10:309W LED bulbs to cost Rs70, 20W LED tube light to cost Rs 220 & 5-star rated fans will be available at Rs 1,200Consumers appealed not to pay any amount over and above the prices fixed by EESL for the UJALA appliancesThe prices of energy efficient
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