Daily Archives: June 18, 2017

Analysis of IGST Act 2017

IGST Act 2017 Integrated Goods and Services Tax Act 1. The introduction of Goods and Services Tax (GST) is a significant reform in the field of indirect taxes in our country. Multiple taxes levied and collected by the Centre and the States will be replaced by one tax called the Goods and Services Tax (GST).… Read More »

Category: GST

GST Council Meeting Dates and Updates

GST Council Meeting Dates and Updates GST Council Meeting Dates Key Decisions Press Conference GST Council – 1st Meeting 22nd September to 23 September -GST Exemption Threshold -Compensation Norms of states – Dual Control  & Assessment of Assessees Click for GST Press Conference after meeting GST Council – 2nd Meeting 30th September 2016 To approve GST Draft Rules… Read More »

Section 206C(1D) of Income tax Act

Section 206C(1D) of Income tax Act Section 206C(1D) of Income tax Act Omitted / Deleted  by the Finance Act, 2017, w.e.f. 1-4-2017. Prior to its omission, sub-section (1D), as amended by the Finance Act, 2012, w.e.f. 1-7-2012, Finance Act, 2013, w.e.f. 1-6-2013 and Finance Act, 2016, w.e.f. 1-6-2016, read as under : “(1D) Every person, being… Read More »