Daily Archives: May 29, 2018

Notification No 11/2018 Union Territory Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)

By | May 29, 2018

Notification No 11/2018- Union Territory Tax (Rate) Seeks to amend notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) via Notification No 11/2018- Union Territory Tax (Rate) Dated May 28th 2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,… Read More »

Notification No 12/2018 Integrated Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)

By | May 29, 2018

Notification No 12/2018 Integrated Tax (Rate) Seeks to amend notification No. 04/2017- Integrated Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) via  Notification No 12/2018 Integrated Tax (Rate) New Delhi, the May 28th 2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,… Read More »

Notification No 11/2018 Central Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)

By | May 29, 2018

Notification No 11/2018 Central Tax (Rate) Summary of Notification No 11/2018 Central Tax (Rate) :- Seeks to amend notification No. 04/2017- Central Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) Via  Notification No 11/2018 Central Tax (Rate) Dated May 28th 2018   [TO BE… Read More »

Transfer of business as going concern exempts from GST: Karnataka AAR

By | May 29, 2018

Transfer of business as ‘going concern’ exempts from GST: Karnataka AAR AUTHORITY FOR ADVANCE RULINGS, KARNATAKA Rajashri Foods (P.) Ltd., In re HARISH DHARNIA AND DR. RAVIPRASAD, MEMBER ADVANCE RULING NO. KAR ADRG 06 OF 2018 APRIL  23, 2018 RULING   1. M/s Rajashri Foods Private Ltd,, (hereinafter referred to as ‘Applicant’ holding GSTIN number 29AAACR6946B1ZC, having registered address… Read More »

Notification No 24 /2018 Central Tax : Authority Notified to conduct exam of GST Practitioners

By | May 29, 2018

Notification No 24 /2018 Central Tax seeks to notify NACIN as the authority for conducting the examination for GST Practitioners under rule 83 (3) of the CGST Rules, 2017. Notification No 24 /2018 Central Tax Dated 28th May, 2018 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India… Read More »

How to opt and Submit response for e-Proceeding on IncomeTaxIndiaEfiling

By | May 29, 2018

e-Proceeding – Plan for Paperless Proceeding The process of managing the ITD-related proceedings electronically is known as e-proceedings. In place of handling the proceedings manually, user can manage their proceedings online through assigned Income Tax Officer (ITO). With an assigned ITO, assessee can communicate online to reduce visits in IT office for regular issues. The… Read More »

How to Submit and Check Grievance on Incometaxindiaefiling.gov.in

By | May 29, 2018

How to Submit and Check Grievance on Incometaxindiaefiling.gov.in The ‘e-Nivaran’ offers a paperless mode of lodging the complaints, uploading necessary documents, getting the complaint processed and track status of redressal of the same. Submit Grievance User can submit Grievance related to Assessing Officer, e-Filing portal, Centralized Processing Centre (CPC), TDS Reconciliation Analysis and Correction Enabling System (TRACES),… Read More »

Reporting Portal FAQs : SFT: Statement of Financial Transaction

By | May 29, 2018

Reporting Portal : FAQs Version 2.0 (April 2018)  SFT Preliminary Response submission and view facility has been moved to reporting portal. Kindly go to Reporting Portal under ‘My Account’ menu. Refer to Reporting Portal  https://report.insight.gov.in 1. Overview 1. Who is a Reporting Entity? Reporting Entity or Reporting Person is an entity which is required to furnish a Statement of… Read More »

How to submit SFT Preliminary Response to Income Tax Department

By | May 29, 2018

SFT Preliminary Response Note: SFT Preliminary Response submission and view facility has been moved to reporting portal. Kindly go to Reporting Portal under ‘My Account’ menu. Refer to Reporting Portal  https://report.insight.gov.in user guide available under Resources section of reporting portal for more details. Income Tax Efiling Website : Free Study Material

How to respond against Large Value Transaction on incometaxIndiaefiling.gov.in

By | May 29, 2018

Respond against the Large Value Transaction Perform the following steps to reply on such notice: Step 1 Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 Go to the ‘Compliance’ menu located at upper-right side of the page ⇒ Click ‘Non-PAN Transaction’ Step 3 Enter the ‘Transaction Sequence Number’ (TSN) ⇒ Click Search Step 4 Click ‘Submit to View further details’ Step 5 Choose the correct response… Read More »

How to submit Response if you have not filed your ITR on incometaxIndiaefiling.gov.in

By | May 29, 2018

Submit Response if you have not filed your ITR regularly If the taxpayer received a notice for non-filing of income tax return from ITD for particular Assessment Year (AY), first understand that why you have received notice. Afterwards, the taxpayers will simply need to logon the e-Filing portal to submit the online response on the… Read More »

How to resolve Mismatch related Information in ITRs on incometaxIndiaefiling.gov.in

By | May 29, 2018

Resolve the Mismatch related Information in ITRs Through ‘e-Sahyog’ initiative. The objective of ‘e-Sahyog’ is to provide an online mechanism to resolve mismatches in Income-tax returns of those assesses whose returns have been selected for enquiry where mismatch related to the taxpayer has been detected on account of the difference between the information submitted by… Read More »

How to Change Details in e-Filed Income Tax Returns on IncomeTaxIndiaEfiling

By | May 29, 2018

How to Change Details in e-Filed Income Tax Returns  After upload of the ITR, if any change occurs in taxpayers Bank Account, Address, Mobile number and e-mail id, then taxpayer can update these changes through ‘Change ITR Form Particulars’. Any update can be made only prior to processing of the return. Perform the following steps… Read More »

Circular No 12/2018 Customs : Sanction of pending IGST refund claims : 29th May 2018

By | May 29, 2018

Circular No 12/2018 Customs Sanction of pending IGST refund claims where the records have not been transmitted from the GSTN to DG Systems -reg Circular No. 12/2018-Customs Dated 29th May, 2018 Circular No. 12/2018-Customs F. No. 450/119/2017-CusIV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Room No. 227-B,… Read More »

GST on farmers : Govt Clarification 28.05.2018

By | May 29, 2018

GST on farmers and Vacant Land leasing Video Tutorial by CA Satbir Singh (Voice in Hindi)  explaining GST on farmers and Vacant Land leasing  [Join GST Online Course by CA Satbir Singh ] Ministry of Finance No change in the GST law and taxation relating to farmers since July, 2017; Support Services to agriculture, forestry, fishing… Read More »

GST Audit : Free Reference Material , Limit, Format , Process

By | May 29, 2018

GST Audit : Free Reference Material Here we have compiled free reference Material on GST Audit [ Join online GST Course by CA Satbir Singh ] GST Audit Meaning GST Audit : Meaning and Types Special Audit in GST : Analysis GST Audit applicability Read this Topic  GST Audit Limit for GST Audit applicability, GST audit turnover limit , applicable GST Audit section and GST… Read More »