New GST News 23.07.18

By | July 23, 2018

Share this on WhatsApp New GST News 23.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News 28th GST Council Meeting Key takeaway 28th GST Council Meeting Decisions for Amendments to the GST Acts 28th GST Council Meeting on opening of migration window for tax payers till 31st August ,2018 28th GST… Read More »

How to Compute Tax on Profits of professionals on presumptive basis : Commentary on Section 44ADA of Income Tax Act

By | July 23, 2018

Share this on WhatsAppTax on Profits of professionals on presumptive basis Section 44ADA of Income tax Act  Inserted by the Finance Act, 2016, w.e.f. 1-4-2017 regarding  Special provision for computing profits and gains of profession on presumptive basis. we have discussed Commentary on Section 44ADA of Income tax Act Section 44ADA of Income tax Act Read Section 44ADA of… Read More »

ICAI course on Preparation of Appeals, Drafting of Deed & Documents

By | July 23, 2018

Share this on WhatsAppLaunching of the Certificate Course on Preparation of Appeals, Drafting of Deed & Documents and Representation before Appellate Authorities and Statutory Bodies: An initiative of the Committee for Capacity Building Members in Practice (CCBMP), ICAI The Committee for Capacity Building of Members in Practice launching the certificate course on Preparation of appeals,… Read More »

28th GST Council Meeting Key takeaway

By | July 22, 2018

Share this on WhatsApp28th GST Council Meeting Key takeaway The GST Council in its 28thmeeting held here today has recommended certain amendments in the CGST Act, IGST Act, UTGST Act and the GST (Compensation to States) Act.These amendments will now be placed before the Parliament and the legislature of State and Union territories with legislatures… Read More »

Allahabad Bank Internet Banking /Mobile Banking Application form : Download/Print

By | July 22, 2018

Share this on WhatsAppAllahabad Bank Internet Banking /Mobile Banking Application form Allahabad Bank Internet Banking /Mobile Banking Application form /Request for usage of Internet / SMS / Phone/Mobile Banking Services for Individual customers Allahabad Bank Internet Banking /Mobile Banking Application form : Download/Print This form is also called Allahabad Bank Internet Banking form, Allahabad Bank… Read More »

Allahabad Bank ATM Card Form : Download/Print

By | July 22, 2018

Share this on WhatsAppAllahabad Bank ATM Card Form Allahabad Bank ATM Card Form / Application for Debit cum ATM Card of Allahabad Bank Allahabad Bank ATM Card Form : Download/Print This form is also called Allahabad Bank ATM Card Form  , Allahabad Bank Debit card ATM Form  , Download Allahabad Bank ATM Card Form  , print Allahabad Bank… Read More »

28th GST Council Meeting on opening of migration window for tax payers till 31st August ,2018

By | July 21, 2018

Share this on WhatsAppMinistry of Finance Recommendations on opening of migration window for tax payers till 31st August ,2018 Posted On: 21 JUL 2018 8:25PM by PIB Delhi The GST Council in its 28th meeting held here today  has approvedthe proposal to open the migration window for taxpayers, who received provisional IDs but could not complete the… Read More »

28th GST Council Meeting Rate Reduction on Certain Goods

By | July 21, 2018

Share this on WhatsAppMinistry of Finance GST COUNCIL RECOMMENDS GST RATES REDUCTION ON SEVERAL GOODS &for specified handicraft items GST rates have been recommended to be brought down to Nil on Sanitary Napkins &Rakhi& more Goods GST Council recommends for allowing refund to fabrics on account of inverted duty structure Rate change made in respect… Read More »

CBDT CIRCULAR No 4/2018 : Income Tax Return Due date will not be extended

By | July 21, 2018

Share this on WhatsAppCBDT CIRCULAR No 4/2018 Summary of CBDT CIRCULAR No 4/2018 (CBDT), clarified on 21.07.2018  that the rumors spreading across in social media regarding extension in due date for non-tax audit cases is fake. The Income Tax department further clarified that there are no such plans to extend this deadline beyond 31st July, 2018. Read  CBDT CIRCULAR… Read More »

No Tax on Interest awarded on enhanced compensation of compulsory acquisition of agriculture land : ITAT

By | July 21, 2018

Share this on WhatsAppIN THE ITAT BANGALORE BENCH ‘A’ Income Tax Officer, Ward I & TPS v. Basavaraj M Kudarikannur N.V. VASUDEVAN, JUDICIAL MEMBER AND INTURI RAMA RAO, ACCOUNTANT MEMBER IT APPEAL NOS. 1747 AND 1750 (BANG.) OF 2017 [ASSESSMENT YEAR 2013-14] JUNE  1, 2018 Sandeep Goel, Addl. CIT (DR) for the Appellant. ORDER N.V. Vasudevan, Judicial… Read More »

New GST News 21.07.18

By | July 21, 2018

Share this on WhatsAppNew GST News 21.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News ICAI GST Newsletter June 2018 10% GST on Truck mounted cranes being special purpose motor vehicles; HARYANA AAR No GST on Frozen meat sold in packaged form : Haryana AAR CBIC Special instructions to PAO… Read More »

ICAI GST Newsletter June 2018

By | July 21, 2018

Share this on WhatsAppICAI GST Newsletter June, 2018 Download ICAI GST Newsletter June 2018 : Click here  Related Post ICSI GST Newsletter ICSI GST Newsletter June 2018 ICSI GST Newsletter May 2018 Related Post ICAI GST Newsletter ICAI GST E-Newsletter – May 2018 ICAI GST E-Newsletter -April, 2018  ICAI GST E-Newsletter –March 2018 ICAI GST… Read More »

28th GST Council Meeting : Decisions on 21.07.2018

By | July 21, 2018

Share this on WhatsApp28th GST Council Meeting 28th GST Council Meeting covened through Video Conferencing on 21st July 2018 (Saturday) .The Union Minister of Railways, Coal, Finance and Corporate Affairs, Shri PiyushGoyal  chaired the 28th GST Council Meeting. Decisions in 28th GST Council Meeting 28th GST Council Meeting Rate Reduction on Certain Goods 28th GST Council… Read More »

10% GST on Truck mounted cranes being special purpose motor vehicles; HARYANA AAR

By | July 20, 2018

Share this on WhatsAppThe applicant has submitted that they buy readymade trucks say Ashok Leyland, TATA, etc. Such Trucks and Lorries which are meant for transport of goods are covered under chapter heading 8704. Accordingly, classification of the impugned goods under heading 8426 is ruled out, as because the trucks being purchased/used by the applicant… Read More »

Depreciation can be claimed on goodwill : ITAT

By | July 20, 2018

Share this on WhatsAppIN THE ITAT SPECIAL BENCH, NEW DELHI CLC & Sons (P.) Ltd. v. Assistant Commissioner of Income-tax, Circle- 3 (1), New Delhi G.D. AGRAWAL, PRESIDENT R.S. SYAL, VICE-PRESIDENT AND BHAVNESH SAINI, JUDICIAL MEMBER IT APPEAL NO. 1976 DELHI OF 2006 [ASSESSMENT YEAR 2001-02] JULY  19, 2018 Rohit Jain, Adv. Deepesh Jain and Mrs. Meenal Goyal, CA’s for the… Read More »

7.6% interest rate of deposit made under special deposit scheme w.e.f 01.07.2018 to 30.09.2018 : Notification

By | July 20, 2018

Share this on WhatsApp Govt. has announced 7.6% interest rate of deposit made under special deposit scheme for non-government provident, superannuation and gratuity fund. MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 17th July, 2018 F.No.5(4)-B(PD)/2018.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation… Read More »

New GST News 20.07.18

By | July 20, 2018

Share this on WhatsAppNew GST News 20.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News Circular 21/2018 Customs : Help Desks setup for IGST Refund on Export of Goods Third Refund fortnight for IGST Refund : Instructions to Chief Commissioners Circular No 22/2018 Customs : Rectification facility to Shipping Bills… Read More »

Interest rates for Small Savings Schemes for Q2 of financial year 2018-19

By | July 20, 2018

Share this on WhatsAppInterest rates for Small Savings Schemes RBI/2018-19/22 DGBA.GBD.123/15.02.005/2018-19 July 19, 2018 The Chairman/Chief Executive Officer Agency Banks handling Small Saving Schemes Dear Sir Interest rates for Small Savings Schemes Please refer to our circular DGBA.GBD.2573/15.02.005/2017-18 dated April 12, 2018 on the above subject. The Government of India, has vide their Office Memorandum (OM) No.F.No.01/04/2016–NS… Read More »

RBI to Issue New Design Rs 100 Denomination Banknote

By | July 20, 2018

Share this on WhatsAppRBI to Issue New Design Rs 100 Denomination Banknote Video Tutorial by CA Satbir Singh (Voice in Hindi)  explaining New Rs 100 Bank Note The Reserve Bank of India will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank… Read More »

Speed Limit on National Highways

By | July 20, 2018

Share this on WhatsAppMinistry of Road Transport & Highways Speed Limit on National Highways Posted On: 19 JUL 2018 6:47PM by PIB Delhi The Government has notified S.O. 1522 (E) dated 6th April, 2018 fixing maximum speed of motor vehicles in kilometres per hour on different categories of roads:- Maximum speed per hour in kilometers on… Read More »

Revised Pension to Sportspersons w.e.f 01.04.2018

By | July 20, 2018

Share this on WhatsAppMinistry of Youth Affairs and Sports Pension to Sportspersons Posted On: 19 JUL 2018 5:18PM by PIB Delhi Minister of State (Independent Charge) for Youth Affairs and Sports Col. Rajyavardhan Rathore has said that government gives lifelong pension under the Scheme of ‘Pension to Meritorious Sportspersons’, sportspersons who have won medals for… Read More »

Exchange Rate of Foreign Currency w.e.f 20.07.2018

By | July 20, 2018

Share this on WhatsAppPress Information Bureau Government of India Ministry of Finance 19 JUL 2018 4:14PM by PIB Delhi Exchange 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… Read More »

Circular No 22/2018 Customs : Rectification facility to Shipping Bills filed till 30.06.18

By | July 19, 2018

Share this on WhatsAppCircular No 22/2018 Customs summary of Circular No 22/2018 Customs The exporters committed the SB005 error due to invoice mismatches in shipping bills and GST returns. CBIC has extended the rectification facility to shipping bills filed upto June 30, 2018. Read Circular No. 22/2018-Customs F. No: 450/119/2017-CusIV Government of India Ministry of Finance… Read More »

Customs Declaration CN 23 form : Download/Print

By | July 19, 2018

Share this on WhatsAppCustoms Declaration CN 23 form Customs Declaration CN 23 form Customs Declaration CN 23 form : Download Instructions for Customs Declaration CN 23 form You should attach this customs declaration and accompanying documents securely to the outside of the item, preferably in an adhesive transparent envelope. If the declaration is not clearly… Read More »

Customs Declaration CN 22 form : Download /print

By | July 19, 2018

Share this on WhatsAppCustoms Declaration CN 22 form Customs Declaration CN 22 form Customs Declaration CN 22 form : Download Instructions for Customs Declaration CN 22 form To accelerate customs clearance, you must complete all applicable fields, and fill in this form in English, French or in a language accepted by the destination country. If the… Read More »

New GST News 19.07.18

By | July 19, 2018

Share this on WhatsAppNew GST News 19.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News ICAI Free Book on E-way bill under GST (July,2018) : Download /Print CAI submitted an alternative workable RCM under GST on 17.07.18 Grievance Redressal Officers for e-way bill system under rule 138D of Central/ State… Read More »

Guide to Company Directors : Book May 2018 by L V V Iyer 

By | July 19, 2018

Share this on WhatsAppGuide to Company Directors: Powers, Rights, Duties, Liabilities, Corporate Social Responsibilities and Company Precedents by L V V Iyer (Author), Arun Visweswaran (Editor) Key Highlights of Guide to Company Directors This edition incorporates the key developments of the Companies Act, 2018 and the Companies (Amendment) Act 2017 while retaining its focus on the best principles of corporate… Read More »

GST Accounting and GST Audit Book by CA Sunil Jain

By | July 19, 2018

Share this on WhatsAppGST Accounting and GST Audit and maintenance of Accounting records under GST Law by Sunil Jain (Author) The book mainly focuses on two important aspects of GST implementation from professionals’ perspective. The first one is GST accounting & maintenance of accounting records and the second is GST audit. The book explains the accounting entries… Read More »

Complaints/information under e-way Bill System : Grievance Redressal Officers

By | July 18, 2018

Share this on WhatsApp Grievance Redressal Officers for processing the complaints/information under e-way Bill System Posted On: 18 JUL 2018 5:06PM by PIB Delhi As per the decision of the GST Council, e-way bill system has been rolled-out in a staggered manner across the country. E-way bills are getting generated successfully and till 17th July, 2018, more… Read More »

Grievance Redressal Officers for e-way bill system under rule 138D of Central/ State GST Rules, 2017.

By | July 18, 2018

Share this on WhatsAppGrievance Redressal Officers for e-way bill system Grievance Redressal Officers (CBIC and State / UT Governments) for e-way bill system under rule 138D of Central/ State GST Rules, 2017. Download PDF file Click here Heldesk on Eway Bill Government sets up an IT Grievance Redressal Mechanism for GST Portal State wise Helpdesk numbers… Read More »