Daily Archives: June 22, 2017

GST Refunds – Analysis

By | June 22, 2017

GST Refunds Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the GST… Read More »

Service Tax Return Date April to June 2017 – Notification No 18 / 2017 Service Tax Dtd 22nd june 2017

By | June 22, 2017

Service Tax Return Date from 1st April 2017 to 30th  June 2017  can be filed upto 15th August 2017 in Form ST 3 or ST 3C as the case may be  as per  Notification No 18 / 2017 Service Tax Dtd 22nd june 2017 Download Notification No 18 / 2017 Service Tax Dtd 22nd june… Read More »

GST Recovery of Tax – Analysis

By | June 22, 2017

GST Recovery of Tax Introduction 1. Tax administration occasionally comes across situations where the tax dues are not paid correctly by the tax payers, most of the times inadvertently and sometimes deliberately. To minimise the inadvertent short payment of taxes, the concept of ‘Matching’ details of ‘Outward supplies’ of supplier with the details of ‘Inward… Read More »

New Housing Scheme of EPF & MP Act 1952

By | June 22, 2017

EPFO signs MoU with HUDCO under new Housing Scheme of EPF & MP Act-1952 Dr. V.P. Joy, Central Provident Fund Commissioner and Dr. M. Ravi Kanth, CMD HUDCO signed a Memorandum of Understanding (MoU) in the august presence of Union Minister of Urban Development, Housing & Urban Poverty Alleviation, Shri M. Venkaiah Naidu and the… Read More »

GST Practitioner FAQ’s

By | June 22, 2017

GST Practitioner Who is a GST Practitioner? GST Practitioner is a tax professional who can prepare returns and perform other activities on the basis of the information furnished to him by a taxable person. However, the legal responsibility of such filings remains with the Taxpayer. For this purpose, GST Practitioners (GSTP) are required to be… Read More »

GST Application submission through DSC , EVC and E Sign – Process

By | June 22, 2017

GST Application submission through EVC Verification & Submission of Application Access GST Portal through www.gst.gov.in. GST Application Submission with DSC Do GST Registration and fill all relevant details  . Read How to Apply for GST New Registration – Explained with Screenshots & Examples After completion of all the details, applicant has to verify application based on: DSC… Read More »

GST Rates

By | June 22, 2017

GST Rates GST Rates Schedule – Notifications GST Rates for Goods ( India ) Chapter Wise GST Rates Services ( With Exemption List ) GST Compensation Cess Rates Services Under Reverse Charge as Approved By GST Council Service Accounting Code with Services Classification under GST IGST Exemptions/Concessions under GST Related Topic on GST Topic Click… Read More »

GST Notifications

By | June 22, 2017

GST Act Notifications Central Tax (CGST Act 2017 ) Notifications  Central Tax (Rate) Notifications Integrated Tax (IGST Act 2017 ) Notifications Integrated Tax (Rate) Notifications Union Territory Tax ( UTGST Act 2017) Notifications Union Territory Tax (Rate) Notifications Compensation Cess Act Notifications Compensation Cess (Rate) Notifications States GST Acts Notifications   Related Topic on GST  … Read More »

Job Work under GST – Analysis

By | June 22, 2017

Job Work under GST Introduction Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture. The term Job-work itself explains the meaning. It is processing of goods supplied by the principal. The concept of job-work already exists in Central Excise, wherein a principal manufacturer… Read More »

Certain Sections of UTGST Act 2017 comes into force w.e.f 22.06.2017 – Notification No. 1/2017–UNION TERRITORY TAX , Dtd 21st June, 2017

By | June 22, 2017

NOTIFICATION No. 1/2017–UNION TERRITORY TAX Summary -By Notification No. 1/2017–UNION TERRITORY TAX Dated 21.06.2017 given below , ministry of finance has notified the following Sections of UTGST Act 2017 w.e.f  22nd day of June, 2017 Section 1. Short title, extent and commencement. Section 2. Definitions. Section 3. Officers under this Act. Section 4. Authorisation of officers.… Read More »