GST rate structure for Petroleum and Oil Sector

To reduce the cascading of taxes arising on account of non inclusion of petrol diesel ATF natural gas and crude oil in GST and to incentivise investments in the EP exploration and production sector and downstream sector the GST Council in its 22nd meeting held on 6thOctober 2017 has made the followi

Benefits of GST for the Transport Sector

The transport sector stands to benefit from the recently rolled out GST in several ways Pre GST the complex tax structure and paper work forced the transport industry to spend a lot of resources on tax compliance and deposit of interstate sales tax Monitoring and collection of sales tax at interstat

GST to help in reducing prices of various items

FM Government to focus on two important areas including building infrastructure on war footing and substantial expenditure on development of rural India For FDI India is most preferred destination in the world today Major indirect tax reform in the history of the country since independence i e Goods

ICAI forms Group to consider the entire structure of study circles

No M 626 2017 ALL MEMBERS OF THE COUNCILMadam Dear Sir The President in terms of the authority given to him by the Council at its 363rd meeting held on 12th February 2017 has constituted a Group for considering the entire structure of study circles exploring ways and means to obtain independent PAN

New design of PAN card with QR code from 1st January

NSDL e Governance Infrastructure Limited PAN Services Circular Circular No NSDL TIN 12017 001 January 10 2017 Subject New design of PAN card All TEN FCs PAN Centres are hereby informed that the Income Tax Department ETD has prescribed certain changes in the existing design of the PAN Card Accordingl

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Experts Opinions

Cash salary

Is there any limit of paying salary in cash

Salary payment vide cheque

is it mandatory to pay staff salary vide cheque only If yes since when

How much i get net monthly salary without any leave

My annexure i below Pls suggest me My total fixed cost is 240000 inr Year monthly Basic 96000 8000 Add Allownc 30108 2509 Con Allwnc 19200 1600 Hr allwnc 48000 4000 Educ allwnc 2400 200 Monthly gross 17809 Benfit by company Gratuiry 4620 385 Statu bonus 18000 1500 Pf 11520 960 Esi cc 10152 846 Total

Regarding adjustment of emi from guarrantor's salary

Borrower got Loan from co operative society and he is terminated from his service Loan got NPA without taking legal process to recover loan amount to Borrower They are directly taking EMI form guarantor Is this Legal way Then give me the legal information about my quiery

salary income

one of our employee is working with us he is also doing part time in this case that income also can be considered as salary or professional or other income pls suggest


Directors salary

I have a private limited company and it has 4 directors in which 2 are directly involve with this company and also depends on that company with slary and other 2 does not depends on that company for salary and site Other 2 partners doing job at other company I have a question that is there any rules

Salary vs professional fees

2 out of 6 clients are not willing to get into GST Whatever Fees are there they will pay salary and deduct TDS under 192 I want to restrict receipts below 50L to be available for 44ADA I come in 30 brackets My question is 1 If i take as Salary full amt will be subject to tax 2 If I take as professio

salary income

the animals like dogs horses camels which are giving service in the police departments indian army gets salary for their work is this salary is taxable or not if yes how to file a return for that if no what is the reason for that is there any provision which specifies this income as non taxable or e

Difference between consolidated renumerations and salary

I am anEngineer Designation given is Project Engineer and has been employed on contract basis receiving Consolidated Remunerations which have two parts Fixed Basic and 50 of Central GovtDA I do not get any other allowance i e HRA Tpt Allowance etc or any other perks like LTC etc But my company in Fo

Business expenses like staff salary electric charge

above expenses is track in gstr3b return table no as non gst inward supply

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GST Tax Structure,Return & Penalty Provision

This article is for acquiring the knowledge on the basis of draft model of GST which would be modified at a later stage As on date it has become essential to understand the tax structure once GST is implemented since for compliance of indirect taxation all the existing heads of indirect taxes like C

Career in Banking Sector : Life, Salary, Growth

We all know that Banks are considered as the backbone of any countrys economy In India Bank Job is considered as most sought job Getting a bank job is a matter of prestige especially in a government sector bank Life in a Banking Sector You can enjoy your personal life while working in banks You can

Tips received by waiters from customers is not salary income

Background and facts Section 15 of the Indian Tax Laws ITL includes the following incomes as chargeable to tax under the head Income from Salary Salary head Salary that is due from an employer or a former employer whether paid or not Salary that is paid or allowed to an employee by or on behalf of a

Delhi Budget 2016 Highlights: Focus on education, infrastructure; watches, shoes become cheaper

We had promised lowest VAT rates in the country that process has been started today Chief Minister Arvind Kejriwal The Delhi Government presented on March 28 2016 Monday a tax free budget and rationalised the VAT structure which may reduce the cost of products such as readymade garments shoes watche

Rule 6 of CCR, 2004 Restructured - Issues addressed & unaddressed

The basic principle of any VAT system is that credit of duty or tax paid on the input goods or service can be availed only for payment of duty on final products or output services As a natural corollary if no duty tax is payable on final product or output services credit of duty tax paid on inputs o

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Updated on : 10/17/2017 12:51:10 PM

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