short notes on service tax

News

Direct Tax Collections show a growth of 15.8% upto September 2017


The provisional figures of Direct Tax collections up to September 2017 show that net collections are atRs 3 86 lakh crorewhich is15 8 higher than the net collections for the corresponding period of last year Net Direct Tax collections represent39 4 of the total Budget Estimates of Direct Taxes for F

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

No further extension of last date for filing GSTR 1 for July, 2017


The last date for filing GSTR 1 for the month of July 2017 is10th October 2017 An extension of two months has already been given There will be no further extension given to taxpayers for filing their GSTR 1 return for July Taxpayers who have not yet filed their GSTR 1 for July are advised to do so i

Notification on extension of facility of LUT to all exporters issued


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 37 2017 Central Tax New Delhi the 4thOctober 2017 G S R E In exercise of the powers conferred by sec

FM hints at reduction in GST tax slabs in future


FM To reduce tax slabs in case of GST we have to become revenue neutral plus Inspects the Passing out Parade of 67th Batch of IRS CCE and delivers Valedictory Address Calls for fair implementation of tax laws Releases NACIN Coffee Table Book and Year Book on its Founding Day The Union Minister of Fi

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Experts Opinions

POT RULES OF SERVICE TAX


In rule 5 of POT of service tax 14 days shall be counted from which date if new levy is on 1 06 2017 then 14 days will be a 15 06 b 14 06 c any other date please specify

Gst tax rate


Hi We are railway electrical work contract I want to know the GST tax rate for railways and HSN code for the same please help me

Accounting and Tax Query


Hi how would a trust recognize foreign grants in it s books of accounts and also what would be the tax treatment Kindly help Thank you

Due date for tax payments of GSTR 4


Dear Members pls tell me the last date for payment of tax for GSTR4 the due date of filing return is extended to 15th November can i pay tax bef 15th November

PAYMENT OF TAX LIABILITY


IF TAX LIABILITY IS MISTAKENLY EXCESS SHOWN IN REVERSE CHARGE COLUMN AT SERIAL NO D OF TABLE 3 1 OF GSTR 3B BUT THE SAME HAS NOT BEEN DEPOSITED AND RETURN HAS BEEN JUST SUBMITTED BUT NOT FILED WHETHER INTEREST WOULD BE CHARGED AUTOMATICALLY IN TABLE NO 6 1 BY THE SOFTWARE IF SUCH EXCESS AMOUNT IS NO

Discussion

due date of tax for composition dealer

What is the last date of payment of tax for composition dealer Is it also assumed to be extend to 15 11 the date of return Or is it still 18 10

Tax refund for 1 cr company bonus

Being a senior employee in my company I recently got a bonus of 1 crbased on heavy profits for company This is not a capital gain as it is given out as a bonus Company has already paid my 35 TDS 35L Is there any investment strategy such that I invest my remaing 65Lto claim refund on TDS I have no is

Tax refund for 1 cr company bonus

Being a senior employee in my company I recently got a bonus of 1 crbased on heavy profits for company This is not a capital gain as it is given out as a bonus Company has already paid my 35 TDS 35L Is there any investment strategy such that I invest my remaing 65Lto claim refund on TDS I have no is

Taxablity of gift from husband to wife

Hi All Please advise me on the Taxablity of GIFT from Husband to Wife This GIFT is in the form of Cheque Let me know if a Husband GIFTS money to Wife Wife invests the same in investments in whose name the income will be chargable in Incometax Whether the income will be clubbed in husbands name if th

input not shown inGST R1 for the month of July nd tax was also deposited on time. 2 sales bills are not being gstr1

I have filed GST R1 for the month of July nd tax was also deposited on time 2 sales bills are not being showing to the respective parties whats the prodecure to correct the error

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Articles

Major changes in Income Tax for FY 2017-18


There will be several changes including tax slabs ITR due dates etc in Income Tax for FY 2017 18 AY 2018 19 Take a look on those changes INCOME TAX SLAB RATE According to Budget 2017 18 Income tax slab rate has been changed for FY 2017 18 Earlier 10 tax rate has been reduced to 5 now other rates rem


GST liability on free supply of goods and services


It is quite common to make free supplies in business to business transactions This happens when the recipient buyer is in a position to procure quality material at the cheaper rate in the market This gives leverage to the recipient to keep the cost of the manufactured product or the cost of service


Works Contract Services - Detailed analysis under GST


Works contract As per Sec 2 119 of CGST Act Works Contract means a contract for 12 types of contract which are as follows Building Construction Fabrication Erection Installation Fitting out Improvement Modification Repair Renovation or Commissioning of any movable or immovable property Thus even whe


Effects of Demonetization and GST on Personal Income Tax Growth


Undoubtedly there are two things in ones life which they cannot overlook Death and Taxes Here when we talk about tax we refer to income tax liability of an individual which is certain after a certain level of income is reached Although there is a certain tax rebate in India individuals earning over


Income Tax Department ask assessee to update their information


The Income Tax Department has asked taxpayers to update their profiles on its e filing portal i e https incometaxindiaefiling gov in The official notification date is 22nd September 2017 These are the following details which is required to be updated adsbygoogle window adsbygoogle push New Registrat


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Updated on : 10/17/2017 2:57:11 AM



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