No GST input tax credit when vendors are unable to pay within 90 days

Views: 435 The Government circulated draft of the GST Model Law requesting for suggestions from the industry . The industry and experts have been poring over the draft. The article seeks to highlight the need to reconsider one of the provisions related to input tax...

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Excerpt of Current Affairs on GST

Views: 43 Government is keen to roll out GST regime from 1st July, 2017, crucial GST Council meeting was held on 04th March,2017, outcome of the meeting as below: 1. Council approved the final draft of Central GST and Integrated GST, will submitted in Parliament...

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Impact of GST on General Traders in India

Views: 143 Impact on General Traders: 1. Tax on value addition:  The impact of tax on the wholesaler or retailer would be limited to the value addition. The tax paid at earlier stages (except CGST & SGST of other States) would be available as set...

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New Avatar of Unified EPF UAN Portal by EPFO, India

Views: 607 Key Features of New Unified EPF UAN Portal launched by Employee Provident Fund Organisation of India, they are as below; Download and Print EPF Passbook anytime Print UAN Card Update and check your KYC Status Change your Mobile Number and E-mail ID The process to...

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Housing For All by 2022 – Pradhan Mantri Awas Yojana

Views: 502 In a bid to PM’s mission “ Housing For All by 2022” under Pradhan Mantri Awas Yojana to provide affordable housing to poor and the underprivileged. In Budget 2017-18, The FM has granted affordable housing segment as “ Infrastructure” status. The Government indicates...

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Salient features of Sukanya Samriddhi Accounts

Views: 56 Salient features of Sukanya Samriddhi Accounts including Tax Rebate: A legal Guardian/Natural Guardian can open account in the name of Girl Child. A guardian can open only one account in the name of one girl child and maximum two accounts in the name...

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CBDT issues guideline for cash transaction 2016 FAQ

Views: 58 For Viewing Information by Tax payers for cash transaction 2016: 1. Which internet browser should I use to view and file response on e-filing portal? Ans: The e-filing portal and other utilities can be best viewed on Internet Explorer 9 or above and...

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Curb tax benefit on home loan interest by Mr. FM in Budget 2017

Views: 30 In budget 2017 FM Mr Arun Jaitley has significantly restricted tax benefit on interest paid on home loan in case of properties that are rented out or deemed let out. Mr Jaitley has restricted the loss on house property to of rupees 2...

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