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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 return filing of sarvajanik mandal (aop)


How to file Income Tax return of Sarvajanik Mandal AOP which is not having registration of 12A Exemption applicable under which section

Notification no.22/2017, central tax rate


In notification No 22 2017 Central tax rate Following amendment made for principal notification No 13 2017 Against sr No 1 in column 2 Goods transport Agency Who has not paid central tax at the rate of 6 shall be inserted In above amendment I am not understanding exact meaning Please you are request

In put tax creidt


We are purchasing Hatching Eggs from various poultry farm in India And same are exported to various abroad countries In relation to export we are paying freight charges clearing forwarding handling charges to agent Presently Eggs are exempt from GST Therefore my question is can we take input tax cre

Arrears of vat tax


SIR I HAVE PAID VAT TAX PAYMENT AFTER VAT AUDIT CAN IT ALLOWABLE FOR INCOME TAX

Empanellment as TRP in Income tax


I want to empanelled as TRP in income tax department what is the criteria and what is the procedure for empanelment kindly advise

Discussion

Notice u/s 148 and 142(1)

Respected experts please answer the query severalnotices wereissued by ITO but none of those were received by assessee for AY 2010 11 as address was changed finally ITO got transferand new officer freshly started assessment u s 142 1 r w s 129 and issued notice u s 142 1 and attached the copy of not

regarding input tax credit

dear allif i pay my staff dinner bill after receiving bill there were a GSTN of hotel but i don t disclose my GStN to hotel owner so my question is can i take that bill in my inward supply and can i take the credit of it

Tax liability on Debt SIP

I have a debt mutual fund Sip for last 6 years I want to redeem it and reinvest the whole amount in another equity mf Sip What is the tax liability

tax on old used car,jeep

Sir what is rate of gst on sale of old condom car and jeep sold by govt in auctin

Need help dropship tax: india

Hi All I am in process of setting up dropship store by using Shopify and Oberlo but I have few queries in pertaining to TAX process with the context of Indian TAX system As I understand there are 2 stages of transactions happens 1st Stage When user will place an order for specific item on my Shopify

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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


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


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


Real Estate Development Agreements, Share Valuation & Charitable Trusts : Recent Tax Amendments


1 Taxation of Capital Asset under Development Agreement with Builder 1 1 In recent past it has quite been a trend that individual plot house owners enter into some development agreement with builders whereby in a typical agreement the builder demolish the old house and constructs a new multistory bu


Vodafone deal: Tax dept. seeks over Rs. 32,000 crore from Hutchison


One of the most controversial economic issues in the last five years was the tax dispute between Vodafone and the tax department The case originated after the revenue s tax department notice to Vodafone that the company has to pay a capital gains tax of nearly Rs 11000 crores from its purchase of Hu


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Updated on : 9/19/2017 4:15:28 PM



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