Daily Archives: May 9, 2017

ICAI Suggestions on GST Rules Submitted to Govt of India

ICAI Submitted its Suggestions on GST Rules April 2017 Indirect Taxes Committee THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI The Institute of Chartered Accountants of India considers it a privilege to submit its  suggestions on Draft Rules of Composition Input Tax Credit Rules Determination of Value of Supply, Transitional Provisions, Registration, Tax Invoice,Debit… Read More »

Advantages of GST in India

Advantages of GST in India Here is the list of Advantages of GST in India Advantages of GST in India for Citizens: (i) Simpler tax system (ii) Reduction in prices of goods and services due to elimination of cascading (iii) Uniform prices throughout the country (iv) Transparency in taxation system (v) Increase in employment opportunities Advantages of… Read More »

Category: GST

GST FAQ’s in Punjabi – 31.03.2017

GST FAQ’s in Punjabi Download GST FAQ’s in Punjabi released by CBEC on 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST FAQ’s in Assamese as on 31.03.2017  GST FAQ in Malyalam – as on 08.05.2017 GST FAQ in English – 31.03.2017 GST FAQ in Hindi; 31.03.2017   

GST FAQ’s in Telugu – 03.05.2017

GST FAQ’s in Telugu Download GST FAQ’s in Telugu released by CBEC on 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST FAQ’s in Assamese as on 31.03.2017  GST FAQ in Malyalam – as on 08.05.2017 GST FAQ in English – 31.03.2017 GST FAQ in Hindi; 31.03.2017 

Staff Provident Fund in EPFO- Revised rate of interest – Q1 FY 2017-18

EMPLOYEES’ PROVIDENT FUND ORGANISATION No. HRD/3(2)2012/SPF/ 71 Dated 09.05.2017 To All Additional CPFCs, Zones & ACC (ASD) Director (PDUNASS), All RPFCs, Regional Offices Revised rate of interest – with regard to Staff Provident Fund in EPFO – regarding. Sir, Please find enclosed a copy of Resolution No. 5(1)-B (PD)/2017 dated 18.04.2017 issued by Ministry of… Read More »

Webinar on Insolvency and Bankruptcy Code 2016 held on May 04, 2017 by ICSI

Webinar series on Insolvency and Bankruptcy Code, 2016 held on May 04, 2017 Related Books on Insolvency and Bankruptcy / Best Book for Insolvency Professional Examinations ; Book 2017 Edition Insolvency and Bankruptcy Code 2016 Handbook for Insolvency Professional Examinations – Book 2017 Edition by G Sekar   Guide to Insolvency and Bankruptcy Code 2016 – Taxmann… Read More »

Budget hotel owners make plea for 5% GST slab

Budget hotel owners make plea for 5% GST slab Budget hotel owners make plea for 5% GST slab A delegation of small-hotel owners led by Federation of Indian Chambers of Commerce and Industries (FICCI), on Thursday, made a representation before deputy chief minister and finance minister, Nitin Patel, seeking 5% or lower Goods and Service… Read More »

Sushil Chandra reappointed as Chairman of CBDT

F.No.A.12026/6/2017-Ad.I Government of India Ministry of Finance Department of Revenue Office Order No. 100 /2017 The President of India is pleased to re-appoint Shri Sushil Chandra, IRS (IT:80001),Chairman, Central Board of Direct Taxes (CBDT) as Chairman of the Central Board of Direct Taxes (CBDT) in the Department of Revenue, Ministry of Finance for a period… Read More »

Clarification on Recently Notified Maternity Benefit (Amendment) Act 2017

Press Information Bureau Government of India Ministry of Labour & Employment 08-May-2017 16:46 IST Clarification on Recently Notified Maternity Benefit (Amendment) Act,2017 The Government has notified the Maternity Benefit (Amendment) Act,2017 on 28th March,2017 and the provisions of the Amendment Act have come into force with effect from 1st April,2017, except those relating to crèche… Read More »

Quarterly filing of returns not workable under GST: Arun Jaitley

Quarterly filing of returns not workable under GST: Arun Jaitley Finance Minister Arun Jaitley on Monday said that the quarterly filing of returns under the Goods and Services Tax (GST) was not workable for taxpayers above Rs 50 lakh turnover. “For all tax payers it is not workable to have quarterly return because input tax… Read More »

Category: GST

Traders with old stock won’t get tax benefit under GST

Industrialists have raised serious concerns about difficulties in the transition to Goods and Services Tax (GST) to be implemented from July 1. Trade bodies have expressed concern about the fate of old stock under GST. As per the transition provision, Input Tax Credit (ITC) will not be available to dealers with stock older than a… Read More »

GSTN enrolment shut for now, reopening soon: CBEC

The government has closed the enrolment of tax assessees, for now, on the Goods and Services Technology Network (GSTN), the IT backbone of GST, for technical reasons, Central Board of Excise and Customs chairman Vanaja N Sarna said. Not specifying a new date for reopening of the enrolment, the CBEC chairman said the window will… Read More »

Category: GST

Refund claim of service tax paid by mistake couldn’t be rejected due to expiry of time period

Held In the instant case, the amount deposited by the assessee-Appellants without any authority of law cannot be considered as Service Tax. As per Article 265 of the Constitution, no tax can be collected without any authority of law. At the relevant time, there was no authority of law to collect Service Tax on the… Read More »

Guide to Insolvency and Bankruptcy Code 2016 – Taxmann – 2017 Edition Book

Guide to Insolvency and Bankruptcy Code 2016 This Book on Guide to Insolvency and Bankruptcy Code 2016 Also Incorporating: Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations,2016 Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations,2016 Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations,2016 Insolvency and… Read More »

Digital Signature Certificate (DSC) Ready Reckoner -Book 2017 – FCA Rahul Agrawal

Digital Signature Certificate (DSC) Ready Reckoner Paperback – 2017 by FCA Rahul Agrawal (Author), One Solution for all your DSC/Token/Java Related Query/ Error/Confusion(Preface) We are aware of fact that in day to day activities, use of digital signature is increasing and users are facing a lot of difficulties in using digital signature. Even people think… Read More »

Benefit of 2 Years weightage of Service under Employees Pension Scheme

summary  Where the date of leaving service is before 24.07.2009 benefit of 2 years weightage of service will be given even if a member had opted for pension before attaining 58 years of age, Telephone: 26196236 EMPLOYEES PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, Govt. of India) Head office Bhavishya Nidhi Bhawan, 14, Bhikaji… Read More »

Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 8

‘Ind AS Transition Facilitation Group’ (ITFG) of Ind AS (IFRS) Implementation Committee has been constituted for providing clarifications on timely basis on various issues related to the applicability and/ or implementation of Ind AS under the Companies (Indian Accounting Standards) Rules, 2015, raised by preparers, users and other stakeholders. Ind AS Transition Facilitation Group (ITFG)… Read More »

Section 38 Rajashtan GST Act 2017 – Furnishing details of inward supplies

Section 38 Rajashtan GST Act 2017 Section 38 Rajashtan GST Act 2017 explains Furnishing details of inward supplies and is covered in Chapter IX Returns ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply… Read More »

Section 32 Rajashtan GST Act 2017-Prohibition of unauthorised collection of tax

Section 32 Rajashtan GST Act 2017 Section 32 Rajashtan GST Act 2017 explains Prohibition of unauthorised collection of tax and is covered in Chapter VII Tax Invoice, Credit And Debit Notes ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and… Read More »

Section 33 Rajashtan GST Act 2017 – Amount of tax to be indicated in tax invoice and other documents

Section 33 Rajashtan GST Act 2017 Section 33 Rajashtan GST Act 2017 explains Amount of tax to be indicated in tax invoice and other documents and is covered in Chapter VII Tax Invoice, Credit And Debit Notes ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make… Read More »

Section 30 Rajashtan GST Act 2017- Revocation of cancellation of registration

Section 30 Rajashtan GST Act 2017 Section 30 Rajashtan GST Act 2017 explains Revocation of cancellation of registration and is covered in Chapter VI Registration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of… Read More »

Section 29 Rajashtan GST Act 2017 – Cancellation of registration

Section 29 Rajashtan GST Act 2017 Section 29 Rajashtan GST Act 2017 explains Cancellation of registration and is covered in Chapter VI Registration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of tax on intra-State supply of goods or services… Read More »

Section 27 Rajashtan GST Act 2017- Special provisions relating to casual taxable person and non-resident taxable person

Section 27 Rajashtan GST Act 2017 Section 27 Rajashtan GST Act 2017 explains Special provisions relating to casual taxable person and non-resident taxable person and is covered in Chapter VI Registration ( Note Rajashtan GST Act 2017 received the assent of the Governor on the 28th day of April 2017. Rajashtan GST Act 2017  make a provision for levy and collection of… Read More »

Banking, Financial & General Awareness (2nd Edition)- Book-I K PAVEL

Banking, Financial & General Awareness (2nd Edition) Paperback – 25 Mar 2017 by I K PAVEL (Author) The Book is Designed According to the Current Pattern of Bank Examinations, 8 Chapters in the Book Dedicated For Banking provides an in Depth Analysis of Subject. Price Rs 190 Click to buy online Paperback: 280 pages Publisher:… Read More »

When AO can and Cannot make adjustment of “ debatable ” issues

Resolution of “debatable” issues The Supreme Court of India addressed when an Assessing Officer can make an adjustment when the issue is “debatable.” If the issue is settled by a High Court having jurisdiction, then the issue is “not debatable.” The case is: Raghuvir Synthetics Ltd. Read a May 2017 report [PDF 475 KB] of… Read More »