Daily Archives: November 8, 2016

GST Enrolment process for issuance of Provisional ID

Enrolment process for issuance of Provisional ID under GST Related Post Steps to enrol on GST Common Portal (India) How to login to GST Common Portal (India) How to Enroll on GST Portal (India) -FAQ’s Goa Govt. ready for enrollment of VAT dealers on GST system portal What is GST? How does it work?- Answer… Read More »

GST forgotten my password ? Steps to retrieve

GST -forgotten my password I have forgotten my password. How do I retrieve my password? To retrieve your password, you need to perform the following steps: 1. Access the www.gst.gov.in URL. The GST Home page is displayed. 2. Click the EXISTING USER LOGIN button. 3. The Login page is displayed. Click the Forgot Password link,… Read More »

Forgot GST username ? Steps to retrieve

Forgot GST username I have forgotten my username. How do I retrieve my username? To retrieve your username, you need to perform the following steps: 1. Access the www.gst.gov.in URL. The GST Home page is displayed. 2. Click the EXISTING USER LOGIN button. 3. The Login page is displayed. Click the Forgot Username link, given… Read More »

GST Portal Live Now (India)

GST Portal India Govt of India has made the website of GST portal live . Link is  https://www.gst.gov.in/ Check -GST Enrolment Plan for your State The schedule of the enrolment activation drive for states is given below. We encourage you to complete the enrolment during the specified dates. However, the window will be open till… Read More »

GST Enrolment Plan of Service Tax Registrants w.e.f 01.01.2017

GST Enrolment Plan for your State The schedule of the enrolment activation drive for states is given below. We encourage you to complete the enrolment during the specified dates. However, the window will be open till 31/01/2017 for those who miss the chance. Related Post How to Enroll on GST Portal (India) -FAQ’s Goa Govt.… Read More »

GST Enrolment Plan State Wise : Announced by Indian Govt

Dates for Enrolment Plan for your State for GST The schedule of the enrolment activation drive for states is given below. We encourage you to complete the enrolment during the specified dates. However, the window will be open till 31/01/2017 for those who miss the chance. State /India GST Material    What is GST? How… Read More »

Procedure to generate Form 16B?

Form 16B As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property is equal or exceeds to 50,00,000 (Rupees Fifty Lakh). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1%… Read More »

what is Taxable Salary under Income Tax ?

Taxable Salary under Income Tax What is considered as salary income? section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. How Tax is deducted in… Read More »

FEMA Transfer or Issue of Security by Person Resident outside India- (Sixteenth Amendment) Regulations 2016

RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 4th November, 2016 No. FEMA. 379/2016-RB Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Sixteenth Amendment) Regulations, 2016 G.S.R. 1042(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47… Read More »

Hedging Clarifications by RBI for External Commercial Borrowings

RBI/2016-17/110 A.P. (DIR Series) Circular No. 15 November 07, 2016 To All Category-I Authorised Dealer Banks Madam / Dear Sir External Commercial Borrowings (ECB) – Clarifications on hedging Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.i and 3 of A.P. (DIR Series) Circular No.56 dated March 30, 2016 and paragraph… Read More »

Applications for vacancie in International Accounting Standards Board

International Accounting Standards Board (IASB) is seeking applications for vacancies in the Board (A) IASB position summary: The International Accounting Standards Board is the independent standard-setting body of the IFRS Foundation. Members of the Board represent the best available combination of technical accounting skills and experience of relevant international business and market conditions in order… Read More »

MEF 2016-17 Clarification posted by ICAI

PD/A-40/2016                                                                                                                                    6th October, 2016 ANNOUNCEMENT – CLARIFICATIONS IN RESPECT OF MEF 2016-17 Applicants of MEF who are (i) Applying as “Proprietary Concern” and also having Sole/Individual practice registered in Institute’s records (ii) Applying as “Individual” (either Sole/Individual practice registered or not in Institute’s records) though they are also having Proprietary Concern (iii)Applying as Proprietor and… Read More »

School Tuition Fees Deduction u/s 80C of Income Tax

Tuition Fees Deduction under Income Tax Act (India) Section 80C The taxpayer can claim deduction under section 80C in respect of amount paid by him during the year towards tuition fees (excluding development fees, donation or similar payments) paid at the time of admission or thereafter, to any university, school, college or other educational institution… Read More »

Deposit requirement for Appeal to Debts Recovery Tribunal reduced

MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 3rd November, 2016 G.S.R. 1043(E).—In exercise of powers conferred by sub-sections (1) and (2) of section 36 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (51 of 1993), the Central Government hereby makes following rules further to amend the… Read More »