calculation vat service tax works contract

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Seventh amendment to the CGST Rules, 2017


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 34 2017 Central Tax New Delhi the 15th September 2017 G S R E In exercise of the powers conferred by

MOU between MCA and CBDT for automatic exchange of information


MOU between the Ministry of Corporate Affairs and Central Board of Direct Taxes CBDT for Automatic and Regular Exchange of Information Taking forward the initiative launched by the Government of India to curb the menace of shell companies money laundering and black money in the country and prevent m

CBDT asked to include service charge while assessing tax


CBDT has been asked to consider inclusion of Service Charge while assessing tax Shri Ram Vilas Paswan Shri Ram Vilas Paswan Union Minister for Consumer Affairs Food Public Distribution told that in order to check the levying of Service Charge compulsorily CBDT has been asked to consider inclusion of

FAQ and MCQ on GST by ICAI


Levy and Collection of Tax FAQs Scope of supply Section 7 Section 7 of the Central Goods and Services Tax Act 2017 the CGST Act 2017 or the CGST Act made applicable to IGST vide Section 20 of the Integrated Goods and Services Tax Act 2017 the IGST Act 2017 or the IGST Act and UTGST vide Section 21 o

Direct Tax Collections upto August grows by 17.5%


Direct Tax Collections up to August 2017 in the current Financial Year 2017 18 show Growth of 17 5 The Direct Tax collections up to August 2017 in the current Financial Year 2017 18 continue to register a steady growth Direct Tax collections net of refunds stands at Rs 2 24 lakh crore which is17 5 h

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Experts Opinions

Income tax refund cheque with old name


Respected Expert Our company received Income Tax refund cheque pertaining to AY 2012 13 But our company had changed its name during FY 2013 14 and now we did not have any bank account with old name We initiated refund reissue request online but even after that income tax department issued refund che

Export of services


Dear Sir As discussed with you over phone Please revert with comments on 2 Cases given in below query My company ABC Inc established in the USA has recently incorporated a limited company in India based in Bangalore ABC India Pvt Ltd ABC Inc is a provider of software security services to multi natio

Gst payment of tax


If a contractor issued a bill of july 2017 to a company but he received the payment in September 2017 So what contractor do for his return filling

Which Rate of Tax


GST rate on our product is 3 If under some scheme we give bonus amounts to the customers and book the expense under Sales Prmotional expenses then which rate of tax should be levied on this expense 3 or 18 plz guide

Gst applicability on non-gst goods under gta service


Dear Expert My client is a manufacturer bottler of IMFL They are associated with a GTA service to dispatch the finished goods to State Beverage Corporation Service Provider has raise consignment note with every commercial transactions in accordance with this GST will be affected on GTA service under

Discussion

What should I do if CA has filed incorrect income tax return

Hi I have asked one CA for ITR in which I also asked him to add HRA and some other allowenace which I have not declaried at the start of the year He has done it but he did mistake in the calculation of HRA As per my understanding HRA calculation requried Basic Salary But CA used whole monthsalary fo

Need moa of haj and umrahs tour service providing company

Hello Everyone Need MOA urgently of a company which provide Haj and Umrahs tour and travel services Its urgent

Minimum price calculation to break even

Minimum price calculation A Doctor owns and works at his clinic where hegets a fixed salary of 20 000 and gets 50 of his revenue above 20 000 His clinics overheads are 2 50 000 a month what price should he minimum charge for a patient to break even

Income tax refund cheque with old name printed on it

Dear All Our company received Income Tax refund cheque pertaining to AY 2012 13 But our company had changed its name during FY 2013 14 and now we did not have any bank account with old name We initiated refund reissue request online but even after that income tax department issued refund cheque with

Kerala vat late payment penalty

Please give the VAT Late Payment penalties and interest in Kerala

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Articles

Amendment & type of Tax payable in GTA Service


I Determination of type of tax payable where the service availed form GTA As we aware if the supplier of goods or services and place of supply of goods or services are located in same State then CGST and SGST of that State is payable However if the supplier and place of supply are located in differe


Works Contract under GST


Job work sector constitutes a significant industry in Indian economy It includes outsourced activities that may or may not culminate into manufacture The term Job work itself explains the meaning It is processing of goods supplied by the principal The concept of job work already exists in Central Ex


Eligibility of input tax credit with respect to Motor Vehicle


Section 17 of the Central Goods and Service Tax CGST Act deals with Apportionment of credit and blocked credits wherein Clause 5 of the said Section provides for restriction of credit It is pertinent to note that section 17 5 of the Act start with Notwithstanding anything contained in sub section 1


Striking difference between private and public company


Difference between Private Company and Public Company in terms of Compliance under the Companies Act 2013 Many times people ask which form of Company i e private public is better to do business in terms of compliance related aspects under Companies Act 2013 From the day the Companies Act 2013 has be


Tax audit not applicable for Turnover less than 1 crore


Section 44 of Income Tax Act 1961 essentially deals with sections related to audit presumptive taxation and special provisions related to computation of income for business purpose Till FY 2015 16 eligible assesses having turnover less than Rs 1cr and net profit less than 8 cannot were not allowed t


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Updated on : 9/18/2017 5:39:18 PM



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