Resent Changes in NPS norms made by Gov

Views: 173 National Pension Scheme (NPS), a government-sponsored pension scheme, was launched in January 2004 for government employees. It was opened to all sections in 2009. A subscriber can contribute regularly in a pension account during her working life, withdraw a part of the corpus...

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A brief extract of 26th Meeting of GST Council held at New Delhi

Views: 701 26th Meeting of GST Council headed by Finance Minister Mr. Arun Jaitley being held on 10th of March, 2018 at New Delhi. The GST council has decided following main points during the meeting. Reverse Charge Mechanism: In the 26th Meeting of GST, Council...

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Amendment in section 139A of the IT Act relating to PAN?

Views: 859 In Finance Bill 2018, following amendment is proposed relating to PAN is compulsory in certain cases: Clause 42 of the Bill seeks to amend section 139A of the Income-tax Act relating to permanent account number. Sub-section (1) of the said section, inter alia,...

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Certain Services covered under GST : CBEC Clarification

New Development in CGST

Views: 212 Clarifications issued by CBEC regarding whether GST is application or not on certain services Whether activity of bus body building, is a supply of goods or services? CBEC Clarification: In the case of bus body building there is supply of goods and services....

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Arrest under GST Law : Two Mumbai base businessmen

Views: 231 First arrest under GST law by Commissioner (CGST) : Two Businessmen arrested by Officers of CGST in Mumbai for  availing ineligible credit on fictitious tax invoices Officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices and availing ineligible credit. The...

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User friendly filing of GSTR-3B : GSTN

Views: 205 Guidelines issued by GSTN for User friendly filing of GSTR-3B: a) While proceeding to payment you can see details of balances as available in cash and credit ledgers at one place. Tax liabilities as declared in GSTR 3B along with the credits gets updated...

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Salient Features:The Banning of Unregulated Deposit Schemes Bill, 2018

Views: 146 The Banning of Unregulated Deposit Schemes Bill, 2018 : The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given approval to introduce the banning of Unregulated Deposit Schemes Bill, 2018 in Parliament. Salient Features of the Banning of Unregulated Deposit...

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Salient Features: Chit Funds (Amendment) Bill, 2018

Views: 123 Chit Funds (Amendment) Bill, 2018: The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to introduce the Chit Funds (Amendment) Bill, 2018 in Parliament. In order to facilitate orderly growth of the Chit Funds sector and remove...

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Audit Objection to CESTAT : An Observation

Views: 189 Audit Objection to CESTAT – Career oriented adjudication are a great burden on the Industry Only in a few and rare cases, the arguments and case law cited are studied judiciously. Because, MMC ( Monthly Monitoring Committee) of Audit will decide ( with...

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What is the taxable value of Second hand goods?

Views: 408 There is a very huge market share of used car & second hand goods sales in India and gradually growing with e-commerce platform also like Carwale, Justdial, Olx, Zigwheels etc. Even books, cloths and other low value items also getting attention in this...

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