rule 6 of service tax rules

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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

Services on which rate of GST reduced to 12%


Decisions taken on Services 21st GST Council Meeting 9th September 2017 The following decisions were taken by the GST Council at its 21st meeting held in Hyderabad on 9th September 2017 The information is being uploaded immediately after the GST Councils decision and it will be subject to further ve

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Experts Opinions

Salary taxable or not?


Hi friends Please help me on this issue A person working outside India in a German company receives salary in his NRE account or Indian bank account What will be the tax consequences in India a in case he is resident in India b in case he is non resident in India

Place of provision of services


Consultant provide services in India to the foreign client to find out the business for him in India arranges the meetings etc what would be the place of provision Pls help out

Income tax returns


If I AM FILLING ITR 4 UNDER PRESUMPTIVE TAXATION BASIS AND FOR A PARTICULAR YEAR IF I FILE ITR 3 WHOULD MY PRESUMPTIVE BASIS TAXATION BENEFIT BE REVOKED FOR 5 YEARS I WONT BE ABLE TO FILE ITR 4 FOR THE PAST 5 YEARS AND I HAVE TO FILE ITR 3 FOR THAT PERIOD KINDLY REPLY AS SOON AS POSSIBLE THANKS IN A

Tax on long term lease on residential property


I am thinking of letting out my residential property on a long term lease for 50 lakhs property value 1 8Cr The lease period will be for 5 years The amount will be returned back after the lease period The monthly rental for this property in the market is 40K I am planning to invest this amount in my

Vat deposit & advance tax (10000+25000) rs in trans 1 ??????


I have filed and submitted TRANS 1 by process of TRANS 1 Credit Carried Forward State UT Tax Balance of ITC of VAT and Entry Tax in last return That now showed a 25000 rs balance in Electronic Credit Ledger But How about another 10000 rs SECURITY DEPOSIT WHAT SHOULD I DO FOR THAT GSTR 1 of July is a

Discussion

When to Avail ITC of Tax (Cash) paid on RCM Basis?

What I know I know that the liability of Reverse Charge cannot be set off with ITC and can be only paid in cash Further if other conditions are satisfied such tax paid on RCM basis is also available for payment of output tax liability other than RCM as ITC Statutory Provisons Section 2 82 output tax

Salary taxable or not?

Hi friends Please help me on this issue A person working outside India in a German company receives salary in his NRE account or Indian bank account What will be the tax consequences in India a in case he is resident in Indiab in case he is non resident in India

Entry for GST tax payments

sir I have paid tax for Cgst RS 2000 and Sgst RS 2000 what entry is made in tally please give me entry

Icai professional ethics for tax auditors

Do professional ethics issued by ICAI apply to tax auditor of a firm note I m talking about a firm not a Company I m talking about tax audit and not statutory audit My question is can a tax auditor of a firm be deemed guilty of professional misconduct

GST on Service

Do I need to pay IGST if I am an agent for various foreign companies to sell their products to Indian companies The orders are always placed directly by the Indian company on my foreign principal My commission is received in foreign convertible currency from the foreign principal Based on this can I

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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


6th amendment to CGST rules (E-Way bill)


Amendment will be called as SIXTH AMENDMENT to CGST RULES 2017 Amendment effective from Save as otherwise provided in these rules they shall come into force on such date as the Central Government may by notification in the Official Gazette appoint Major amendment related to 1 E Way billrules forms n


Payment rules


PAYMENT OF TAX 1 Electronic Tax Liability Register 1 The electronic tax liability register specified under sub section 7 of section 49 shall be maintained in FORM GST PMT 01 for each person liable to pay tax interest penalty late fee or any other amount on the Common Portal and all amounts payable b


Guide on E Way Bill GST Rules


Information to be furnished prior to commencement of movement of goods and generation of E way bill 1 Every registered person who causes movement of goods of consignment value exceeding fifty thousand rupees i in relation to a supply or ii for reasons other than supply or iii due to inward supply fr


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 7:11:35 AM



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