Guidelines for filing GSTR-1,GSTR-3B,TRAN-1

Views: 322 A. GSTR-1 (Quarterly filing option): Following points to be noted by Taxpayer, who have opted for quarterly filing of Form GSTR-1: 1. Once you have chosen the option ‘Quarterly’, you cannot change this option in the remaining part of the financial year 2017-18....

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Forbid Cash Transaction and related Income Tax Provisions

Views: 178 What Income Tax Act Says about Cash Transactions and Consequences of Non-Compliance of related provisions in the act & rules. After the demonetization Indian economy gradually moving towards the Cashless economy and increase the use of digital money. An increase of electronic transactions...

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New Developments from GSTN (Goods and Services Tax Network)

Views: 163 GSTN ( The Goods and Services Tax Network ), went live on November 8, 2016 last year, has over the year improvised the system to help lakhs of businesses to pay taxes and file returns under the new GST era every month. GSTN...

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Glimps of New development in EPFO

Views: 91 EPFO is resolved to reinforce the e-Governance framework to bring more straight forwardness and to give better administrations to its stakeholders. EPFO has just propelled various e-Governance activities, for example, Electronic Challan-cum-Return, Member e-passbook, installment through National Electronic Fund Transfer, Online Registration of...

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New Era of Direct Tax Legislation begin

Views: 124 New era of Direct Tax Legislation being with Constitution of Task Force for drafting a New Direct Tax Legislation During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act,...

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Appeal to Pass on GST rate reduction benefit to Consumers

Views: 137 The Chairperson of Central Board of Excise & Customs (CBEC) appeal to all the major Fast-Moving Consumer Goods (FMCG) companies to immediately revise the MRP on all the products in which the reduction of GST rate has been announced by the Council. The...

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Guidelines for adjustment under section 143(1)(a)(vi) of IT Act

Views: 3,132 Central Board of Direct Taxes (CBDT), issues guidelines for communication under section 143(1)(a)(vi) of the Act while considering returns for processing pertaining to ITR Forms 2, 3, 4, 5 & 6. Subject: Processing of income-tax returns filed in Forms ITR-2, 3, 4, 5...

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National Anti-profiteering Authority (NAA) under GST

Views: 98   The Government approves in cabinet meeting the establishment of the National Anti-profiteering Authority (NAA) under GST, after sharp reduction in the GST rates of many of items of mass consumption on 15th November, 2017. This paves the way for the immediate establishment...

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Snippet of 23rd meeting of GST Council at Guwahati

GST Council

Views: 151   Great relief to taxpayer given by GSTC in 23rd meeting of GST Council held at Guwahati, Assam on 10th November 2017. Relaxation given in filing of GSTR by extending due dates as well reduced late fee amount, also out of 227 items in...

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Revision in House Building Advance Rules 2017

Views: 73 The Government has revised the House Building Advance rules 2017 (HBA) for Central Government Employees incorporating the acknowledged proposals of the 7th Pay Commission. Following are the striking highlights of the new guidelines :- The total amount of advance that a central government...

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