interest rate on late payment of service tax


IT Dept clarifies role of CAs in nation building

PRESS RELEASE INCOME TAX DEPARTMENT NASHIK It has come to the notice of the Income Tax Department that certain sections of the print media who covered the outreach programme of the Income Tax Department conducted on 15 11 2017 has wrongly quoted Shri A C Shukla Pr Chief Commissioner of Income Tax Pu

Moody upgrades Sovereign Credit Rating of India to Baa2 from Baa3

Moodys Investors Service Moodys has upgraded the Government of Indias local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive Indias rating has been upgraded after a period of 13 years Indias sovereign credit rating was last upgraded

GST Rate Changes Come into effect on 178 items

GST Rate Changes Come into effect on 178 items where rate has been brought down from 28 to 18 Consumers may take note of reduction in Price MRP on these Goods In the 23rd meeting held on the 10th November 2017 the GST Council had recommended major relief in GST rates on certain goods These rate chan

Notification issued of changes in 23rd GST council meeting

Notification issued post 23rd Council Meeting held on 10th Nov 2017 CGST Notifications Notification No 47 2017 Central Tax Rate dt 14 11 2017 Seeks to amend notification No 12 2017 CT R so as to extend exemption to admission to protected monument and to consolidate entry at Sl No 11A 11B Notificatio

Exemption from IGST on import of specific sports goods

In a major impetus to promoting sports in the country the GST Council in its 23rd meeting held at Guwahati on 10th November 2017 has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrated Goods and Services Tax IGST Expressing his gratitud

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Experts Opinions

service tax return

if a person fail to revise his service tax return for the period april 2017 to june 2017 as time period for revision is lapsed what remedy is available for him if he had a service tax liability

Tds on payment made from outside india/ branch office

Dear Sir We have a foreign currency account in Zimbabwe we want to pay to the creditors of Zimbabwe in Zimbabwe from our local account in Zimbabwe for their services will it attract TDS WHT Pls confirm regards

Practitioner along with tax consultant

Can a CA in practice or job be the partner in tax consultantcy firm in capacity as tax consultant and not as a CA

Registration sez to normal tax payer


Tax on reimbursement expenses

Dear All Good day 1 My CTC is 50000 pm in which Basic is 30000 Hra is 10000 Other Allowance is 2000 Conveyance Reimbursement Expense 8000 2 Company gives two cheque first as salary Rs 42000 and second as Conveyance Reimbursement Expense Rs 8000 so my querry is that theses Conveyance Reimbursement Ex


input tax credit

time limit and how

adhoc payment received against running bill

I have received adhoc payment from debtor including cgst sgst nd also tds deducted by debtor for the month of Oct17 so is compulsory for filled taxes in gstr 3b or not In Oct month there is no sale only received adhoc payment from debtor so help me guys how to treat this kind of problems

gst tax invoice

issue I am a rent a cab service provider I m in contract with my client to provide the service for fixed rental along with reimbursement of petrol on actual basis I understand that my rental service is liable for 18 gst my concern is can I issue single tax invoice mentioning non gst taxable goods pe

non resident taxation

A non resident earns income exceeding 2 50 000 in India By virtue of DTAA the income is taxable in the country of his tax residence and not India In this case is it necessary for the non resident to file income tax return in India If yes what would be the procedure

gst rates not updated

gst new not updated after recent meeting I think showing wrongly

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  • Manual filing and processing of refund claims in respect of zero-rated supplies

    Manual filing and processing of refund claims in respect of zero rated supplies
  • Presentation on Concessional Rate of GST for Export

    Concessional rate of GST charged by registered suppliers for making export of goods by the exporter
  • Refundable Tax System

    A New Indirect Taxation with refund to Increase people income by way of Refund of Tax
  • CA Final Indirect Tax Laws IDT Question Paper Nov 2017

    Download CA Final Indirect Tax Laws IDT Question Papers Nov 2017 in PDF For older question papers of CA final May 2017 May 17 Nov 2016 May 2016 Nov 2015 CA final may 2014 CA final Nov 2014 check similar section Previous years CA final Indirect Tax Laws IDT question papers can also be downloaded using Search You can also search and download may 2015 IPCC IPC question papers here We are providing ca final question papers of may 2016 for Financial Reporting FR Strategic Financial Management SFM Advanced Auditing and Professional Ethics Corporate Allied Laws Advanced Management Accounting AMA Information Systems Control Audit ISCA Direct Tax Laws DT Indirect Tax Laws IDT and IPCC IPC may 2015 question papers for Accounting Business Law Ethics Communications Cost Accounting Financial Management CAFM Taxation Advanced Accounting Auditing Assurance Information Technology Strategic Management ITSM
  • GST Sale Purchase Reporting Template


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GST provisions on Tax invoice / Self invoice

What is the meant by Tax invoice As per Section 2 64 of CGST Act Invoice or tax invoice means the tax invoice referred to in section 31 of CGST act Who has to the raise the Tax invoice A registered taxable person should raise the tax invoice Who has to raise the Bill of supply In the following cases

An overview of taxation on India ESOPs for US based NRIs

Employee Stock Option Plans ESOPs give employees a right to buy company shares at a pre decided price and it forms part of taxable income Most senior employees working with bluechip companies get ESOPs regularly and they have to pay tax on their ESOPs When an Indian employee moves to the US to work

ITC passed on by Input Service Distributor through GSTR 6

Under GST regime head office of a company is treated as a distinct person requiring separate registration as input service distributor ISD if it intends to distribute the credit In such a case separate return is being prescribed in form GSTR 6 which is supposed to be filed monthly between the 10th t

UAE VAT - Exempt & Zero Rated Supplies

Zero rated supplies are those supplies on which you can claim input but Vat is charged at zero rate To understand better we should first understand the definition of Taxable Supply A supply of goods services for a consideration by a person conducting business in the state and does not include exempt

Why income tax filing is so easy!

Personal tax is a tax which you pay on your income directly to the government You can file your own tax return easily once you know the criteria by which tax on income is calculated E Tax filing as the name suggests can also be done online Lets look at what comes under a source of income for an Indi

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Updated on : 11/18/2017 5:01:13 AM

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