Daily Archives: October 12, 2016

GST Law & Analysis with Conceptual Procedures (October 2016)-Book

GST Law & Analysis with Conceptual Procedures (October 2016) GST Law & Analysis with Conceptual Procedures contains  detailed commentary on Model GST Law to encapsulate the provisions for easy digest BUY GST Law & Analysis with Conceptual Procedures (October 2016) KEY FEATURES OF THE BOOK ♦Detailed commentary on Model GST Law to encapsulate the provisions… Read More »

Flow Chart of GST Registration and Return by New Taxable Person

 GST Registration and GST Return by New Taxable Person Read Compulsory Registration under GST ( India )- types Download  GST -Draft Registration formats released by CBEC Download GST -Draft Registration Rules Released by CBEC Read also  GST Return filing Process in India GST Registration:- Forms  26 Forms for Registration prescribed-26 Forms for Registration have been prescribed (Form GST… Read More »

Advanced Budget date: Absence of a GST rate may present estimation challenges

The government’s in-principle approval for the advancement of the date of Budget presentation notwithstanding its other big-ticket reform move of rolling out the Goods and Services Tax (GST) regime by early next fiscal could prove to be a hurdle in the plan for an early presentation of the government’s annual statement of accounts. The possibility… Read More »

Category: GST

Units availing tax holiday get jittery about GST

The industrialists who had set up units here from 2003 to 2010 are wary about the implementation of GST. Under the industrial package, the units that came up in Himachal during the period were exempted from Central Excise for 10 years. Many units that started production in 201 0 were exempt from Central Excise Tax… Read More »

Category: GST

Purchase and Sale of Land in short span is business activity chargeable to tax

Held we have no hesitation to hold that the impugned land was purchased with an intention to sell the same to the identified buyers to achieve commercial objectives outright. As noted earlier, section 2(13) of the Act seek to explain the term of ‘business’ by way of inclusive definition. As per section 2(13) expression ‘business’… Read More »

USA- IRS Gives Tax Relief to Victims of Hurricane Matthew

IRS Gives Tax Relief to Victims of Hurricane Matthew; Many Extension Filers in North Carolina Now Affected; Relief for Other States Expected Soon WASHINGTON –– North Carolina storm victims will have until March 15, 2017, to file certain individual and business tax returns and make certain tax payments, with similar relief expected soon for Hurricane… Read More »

Category: USA

New Foreign Trade Data Dashboard

Ministry of Commerce & Industry 10-October, 2016 Launch of Enhanced Foreign Trade Data Dashboard As part of the initiative of the Ministry of Commerce & Industry to provide easy access to the public with regard to India’s export, import and balance of trade data in an analytical format, over time and space, Commerce & Industry… Read More »

Big changes for small units under GST

Traditionally, indirect tax policymakers have accorded the small and medium industry favourable tax treatment. This favourable treatment was provided on the premise that small-scale units use less amounts of capital per unit of output and also provide more employment per unit of output. There is, however, not much evidence to establish that small-scale excise exemptions… Read More »

Category: GST

Contribution to pension fund on salary exceeding Rs. 15000 pm w.e.f 01.09.16

Telephone: 011-26172677 EMPLOYEES’ PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, Govt. of India) Head Office Bhavishya Nidhi Bhawan, 14, Bhikaiji Lama Place, New Delhi -110 066. Letter No. Pension-1/12/33/EPS Amendment/96/18592 Dated: 07-10-2016 To All ACCs (Zonal Office) All Regional P.F. Commissioner (In-Charge of Regions) All Officers -In- Charge of SROs Sub : Contribution to pension… Read More »

How to register DSC on MCA portal

Steps to Register DSC on MCA portal Professionals were facing lots of issues while registering DSC on MCA portal. So, here are the settings to register DSC on the portal: MCA DSC SELETION SETTINGS Please Follow Exact Settings Provided Below To enable DSC Selection Window: I. Browser Verification: Use Only Internet Explorer Version-9 or Above… Read More »

Internet browser settings for Income Tax Return Filing

Income Tax Department recommends that you use the following browser specifications for the best view of https://incometaxindiaefiling.gov.in website. You may still be able to use thee-Filing website using other browsers and versions, but the pages may not display properly or you may experience difficulties to use all of the functionality. Mozilla Firefox (version 22.0, 21.0,… Read More »