Foods to Workers at subsidized rate is not service , No Service tax

Share this on WhatsAppHeld  The food supplied by an employer to its employees at a subsidized rate forms part of the wages under Section 2(rr) of the Industrial Disputes Act, 1947. Once the activity undertaken by the petitioner in the form of supply of food to its workers at a subsidized rate is understood to… Read More »

Training Material on GST Act(s) and Draft Rule(s) 2017

Share this on WhatsAppSubject: Launch of BGM (Back Ground Material) on GST Act(s) and Draft Rule(s), 2017 Dear Professional Colleague, Greetings from Indirect Taxes Committee! India is witnessing a sea change in the indirect taxes regime. The implementation of much awaited Goods and Services Tax is around the corner with receipt of presidential assent to… Read More »

GST Practitioner – Eligibility Criteria, Relevant forms & Procedure

Share this on WhatsAppGST Practitioner GST Act of India brings a concept of GST Practitioner for those who intend to appear before the GST Authority or file returns  for any matter authorised by Registered person under GST.Provisions of Goods and services tax practitioners are contained in Section 48 of CGST Act 2017 and Rule 24 of Draft GST Returns… Read More »

USA IRS RR-2017-12: Applicable Federal Rates

Share this on WhatsAppRevenue Ruling 2017-12 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… Read More »

GST FAQ’s in Odiya – 31.03.2017 – Download

Share this on WhatsAppGST FAQ’s in Odiya Download GST FAQ’s in Odiya released by CBEC on 31.03.2017   GST FAQ’s in Tamil – 31.03.2017 GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Bengali – 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST Book… Read More »

GST FAQ’s in Tamil – 31.03.2017

Share this on WhatsAppGST FAQ’s in Tamil released  by CBEC on 31.03.2017 Download GST FAQ’s in Tamil GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Bengali – 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST Book Marathi – Free E Download GST PPT… Read More »

7 Rules and Formats approved by GST Council on 18th May 2017 -Download

Share this on WhatsApp7 Rules and related formats as finally approved by GST Council on 18th May, 2017 Composition – Rules and Formats Valuation Rules Transition Rules ITC – Rules and Formats Invoice, Debit & Credit Notes – Rules Payment – Rules and Formats Refund – Rulesand Formats Registration – Rules and Formats Revised Return… Read More »

GST Rates approved – 14th GST Council Meet – 18.05.2017

Share this on WhatsAppGST rate on tea, coffee, Sugar fixed at 5%; Milk and cereals exempted from GST: 14th GST Council Meet  The 14th meeting of the GST (Goods and Services Tax) Council chaired by Union Finance Minister Arun Jaitley has finally concluded Today.Key takeaways from 14th meeting are given hereunder: [  GST Rate Schedule… Read More »

EPFO beneficiaries to get payment through e -fund transfer system

Share this on WhatsAppEPFO beneficiaries to get payment through electronic or digital fund transfer system   The Ministry of Labour & Employment vide notification dated 4th May 2017 has provided for electronic or digital fund transfer / payment of EPF benefits, pension disbursement and insurance claim.  For this purpose, suitable amendments have been made in… Read More »

Fugitive Economic Offenders Bill 2017 – Govt of India Invites Comments

Share this on WhatsAppGovernment invites comments / suggestions of all stakeholders concerned / public at large on the Draft ‘Fugitive Economic Offenders Bill, 2017’ It is widely felt that the spectre of high-value economic offenders absconding from India to defy the legal process seriously undermines the rule of law in India. It is, therefore, felt… Read More »

Exchange Rate of Foreign Currency w.e.f 19.05.2017

Share this on WhatsAppExchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.43/2017-CUSTOMS (N.T.), dated 4th May, 2017, except as respects things… Read More »

Advertising by CA’S in practice engaged in Coaching/Teaching activities – ICAI Annoucementt

Share this on WhatsAppINSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA ANNOUNCEMENT Re: Advertising by members in practice engaged in Coaching/Teaching activities Regulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not engage in any business or occupation other than the profession of accountancy, except with the permission granted in… Read More »

Section 174 Rajashtan GST Act 2017 – Repeal and saving

Share this on WhatsAppSection 174 Rajashtan GST Act 2017 Section 174 Rajashtan GST Act 2017 explains Repeal and saving and is covered in Chapter XXI Miscellaneous ( 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… Read More »

Section 173 Rajashtan GST Act 2017-Amendment of certain Acts

Share this on WhatsAppSection 173 Rajashtan GST Act 2017 Section 173 Rajashtan GST Act 2017 explains Amendment of certain Acts and is covered in Chapter XXI Miscellaneous ( 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… Read More »

Section 172 Rajashtan GST Act 2017- Removal of difficulties

Share this on WhatsAppSection 172 Rajashtan GST Act 2017 Section 172 Rajashtan GST Act 2017 explains Removal of difficulties and is covered in Chapter XXI Miscellaneous ( 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… Read More »

Section 171 Rajashtan GST Act 2017 – Anti-profiteering measure

Share this on WhatsAppSection 171 Rajashtan GST Act 2017 Section 171 Rajashtan GST Act 2017 explains Anti-profiteering measure and is covered in Chapter XXI Miscellaneous ( 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 170 Rajashtan GST Act 2017 – Rounding off of tax, etc

Share this on WhatsAppSection 170 Rajashtan GST Act 2017 Section 170 Rajashtan GST Act 2017 explains Rounding off of tax, etc and is covered in Chapter XXI Miscellaneous ( 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… Read More »

Section 167 Rajashtan GST Act 2017-Delegation of powers

Share this on WhatsAppSection 167 Rajashtan GST Act 2017 Section 167 Rajashtan GST Act 2017 explains Delegation of powers  and is covered in Chapter XXI Miscellaneous ( 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… Read More »

Jammu and Kashmir GST council meet starts today – 18.05.2017

Share this on WhatsAppJammu and Kashmir GST council meet starts today Jammu and Kashmir finance minister Haseeb Drabu said the shift to goods and services tax marks the emergence of a new federal India and that the state will convene a special session in June to pass the law on its own terms to preserve… Read More »

Export benefit scheme to be GST compliant

Share this on WhatsAppExport benefit scheme to be GST compliant The government is re-designing the export benefit scheme MEIS to make it senior official said today. Neeraj Prasad, Additional Commissioner, GST Cell, Central Board of Excise and Customs (CBEC) also said that the issue of working capital requirements under the new tax regime is being… Read More »

Lower GST rate for insurance, telecom likely

Share this on WhatsAppLower GST rate for insurance, telecom likely The Centre and states are working to ensure there is a lower GST burden on telecom and financial services, a move that will keep a check on insurance and phone bills, even as states pitch for concessions for products such as ‘puja samagri’ and textiles.… Read More »

HP VAT 5th Amendment Rules 2017.

Share this on WhatsApp [Authoritative English text of this Department Notification No. EXN-F(10)-15/2016 dated 29/04/2017 as required under clause (3) of article 348 of the Constitution of India.] Government of Himachal Pradesh Excise and Taxation Department No. EXN-F(10)-15/2016 Dated: 29th April, 2017. NOTIFICATION In exercise of the powers conferred by section 63 of the Himachal… Read More »

Procedure for clearance of Waste Paper

Share this on WhatsApp OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 11.05.2017 PUBLIC NOTICE NO. 60/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention of… Read More »

Discontinuation of High Seas Sale Registration Procedure at JNCH Port

Share this on WhatsApp OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-IV) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. F.No. S/12-Gen-38/2015-16 AM (X) Pt I Date: 02.05.2017 PUBLIC NOTICE NO. 58/2017 Subject: Request for discontinuation of High Seas Sale Registration Procedure at Import Noting Section of JNCH – Reg Attention… Read More »

Revised procedure for clearance of Waste Paper – Mumbai Custom Zone-II

Share this on WhatsApp OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 16.05.2017 STANDING ORDER NO. 11/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention… Read More »

Ind AS Transition Facilitation Group Clarification Bulletin 9

Share this on WhatsApp‘Ind AS Transition Facilitation Group’ (ITFG) of Ind AS 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… Read More »

Practical Guide on TDS and TCS FY 2017-18 -Book-G Sekar

Share this on WhatsApp Practical Guide on TDS and TCS Paperback – 2017 by G Sekar (Author) With more practical MCQs including e-filing Procedures for Financial Year 2017-18   Price Rs 941 Click to buy Online Publisher: CCH – A Wolters Kluwer Business; 16th edition (2017) Related Books on Income Tax and TDS Subjects Books  … Read More »

Tax Invoice under GST of India – Analysis

Share this on WhatsApp TAX INVOICE UNDER GST OF INDIA Tax Invoice Provision under GST is different than provision under VAT Laws. under VAT laws , for Example Invoice for supply of goods was required to be issued under existing VAT when ‘transfer of property’ takes place even though delivery has not been taken place… Read More »

Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018

Share this on WhatsAppPress Information Bureau Government of India Ministry of Corporate Affairs 17-May-2017 18:41 IST Second Edition of Limited Insolvency Examination to start from 1st July, 2017 to 30th June, 2018 The Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the “Limited Insolvency Examination” under regulation 3(3)… Read More »

Andhra Pradesh passes state GST Bill 2017

Share this on WhatsAppAndhra Pradesh legislature passes state GST Bill Andhra Pradesh legislature passes state GST Bill The Andhra Pradesh Legislature today passed the state Goods and Services Tax (GST) Bill. The Parliament had on April 6 passed four legislations to pave the way for nation-wide roll out of GST from July 1. A special… Read More »

Puducherry Passes GST Bill 2017

Share this on WhatsAppThe Puducherry Assembly today unanimously passed the Puducherry Goods and Services Tax Bill, 2017 here. The bill was tabled in the assembly by Chief Minister V Narayanasamy. MLAs of the ruling and opposition blocks participated in the debate after the bill was tabled and expressed their views on various aspects of the… Read More »