Daily Archives: October 19, 2017

Excel based GSTR 3B offline utility : Download

By | October 19, 2017

GSTR 3B Offline Utility The excel based GSTR 3B offline utility is designed to help the taxpayer to prepare the GSTR 3B return offline. The utility can be downloaded from this link.Download  Important! Before you extract the downloaded file, ensure that the file is not corrupted. How do I know that my file is not… Read More »

USA IRS : Audit Technique Guides for Exempt Organizations

By | October 19, 2017

 1.  Audit Technique Guides for Exempt Organizations Examiners use these guides during audits of specific types of exempt organizations.     2.  The Enduring Relevance of Rev. Proc. 71-17 on IRC Section 501(c)(7) Organizations Read the IRS issue snapshot on the effect of a 501(c)(7) club’s non-member income on its unrelated business taxable income and exemption. Related IRS News

USA IRS Tax Tips for Business Owners Who Need to Reconstruct Records After a Disaster

By | October 19, 2017

Tips for Business Owners Who Need to Reconstruct Records After a Disaster After a disaster, many business owners might need to reconstruct records to prove a loss. This may be essential for tax purposes, getting federal assistance, or insurance reimbursement. Here are four tips for businesses that need to reconstruct their records: To create a… Read More »

USA IRS : RR-2017-21: Applicable Federal Rates

By | October 19, 2017

Revenue Ruling 2017-21 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of sections 42, 382, 412,… Read More »

USA IRS : Online Seminars from the 2017 IRS Nationwide Tax Forums Now Available

By | October 19, 2017

Online Seminars from the 2017 IRS Nationwide Tax Forums Now Available WASHINGTON — The Internal Revenue Service today reminded tax professionals that they can earn continuing education credits online through seminars filmed at the 2017 IRS Nationwide Tax Forums. The 17 self-study seminars are now available on the IRS Nationwide Tax Forums Online (NTFO). Self-study seminars provide… Read More »

USA IRS : Identity Theft Battle ; Prepare for 2018 Tax Season

By | October 19, 2017

Security Summit Partners Mark Progress in Identity Theft Battle; Prepare for 2018 Tax Season WASHINGTON – The IRS, state tax agencies and private-sector industry leaders today detailed their continued progress against tax-related identity theft and prepared additional safeguards for the 2018 filing season to curb refund fraud. The latest IRS data continued to show significant… Read More »

USA IRS Tax Tip 2017-61: With 2017 Extension Deadline Passed, All Eyes on 2018

By | October 19, 2017

With 2017 Extension Deadline Passed, All Eyes on 2018 Now that the tax return extension filing deadline has passed, the IRS suggests that taxpayers look ahead and get ready for next year. Taxpayers still have time to take these three actions that may affect the 2017 tax return they will file in 2018. Charitable contributions. Taxpayers… Read More »

Notification No 39/2017 Union Territory Tax (Rate) : Reduce GST rate on Food preparations for Free Distributions

By | October 19, 2017

Notification No 39/2017 Union Territory Tax (Rate) Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government. [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i)… Read More »

Notification No 40/2017 Integrated Tax (Rate) : reduce GST rate on Food preparations for Free Distribution

By | October 19, 2017

Notification No 40/2017 Integrated Tax (Rate) Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government vide Notification No 40/2017 Integrated Tax (Rate) Dated 18th October, 2017 [TO BE… Read More »

Notification No 39/2017 Central Tax (Rate) : Reduce GST rate on Food preparations

By | October 19, 2017

Notification No 39/2017 Central Tax (Rate) Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government vide Notification No 39/2017 Central Tax (Rate) Dated 18th October, 2017 [TO BE… Read More »

Notification No 49/2017 Central Tax : Deemed export : Docs for Refund

By | October 19, 2017

Notification No 49/2017 Central Tax Seeks to notify the evidences required to be produced by the supplier of deemed export supplies for claiming refund under rule 89(2)(g) of the CGST rules, 2017 vide Notification No 49/2017 Central Tax Dated 18th October, 2017 [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA,… Read More »

Circular No 10/10/2017 GST : Movement of goods on approval basis : Clarification

By | October 19, 2017

  Circular No 10/10/2017 GST Clarification on movement of goods on approval basis CBEC – 20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, dated 18th October, 2017 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director… Read More »

Circular No 9/9/2017 GST : GST Practitioner : Officers Authorized

By | October 19, 2017

Circular No 9/9/2017 GST Authorized officer for enrollment of Goods and Services Tax Practitioner Circular No 9/9/2017- GST F. No. 349/75/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs (GST Policy Wing) New Delhi, Dated the 18th October, 2017 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of… Read More »