Daily Archives: September 28, 2016

CIT (A) to add Flyer while sending hearing notices under Direct Tax Dispute Resolution Scheme 2016

By | September 28, 2016
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F No.279/Misc/M-61/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated: 26th September, 2016 To, All Principal Chief Commissioners of Income-tax Principal Chief Commissioner of Income-tax (IT&TP) Chief Commissioner of Income Tax (Exemptions) Madam/Sir, Subject: Implementation of the Direct Tax Dispute Resolution. Scheme,2016- Ree. As a measure… Read More »

Possible to Meet April 2017 Deadline for GST: Jaitley

By | September 28, 2016
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Finance Minister Arun Jaitley on Tuesday reiterated the government is confident of meeting the April 2017 target to implement the Goods and Services Tax as state finance ministers cooperate to make the single tax reform a reality soon. “(I) haven’t seen finance ministers of state dividing themselves on party lines. If that trend goes on,… Read More »

Monthly returns to be mandatory under GST

By | September 28, 2016
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Businesses have to file at least three monthly returns and one annual return for each state, if draft rules proposed by the indirect tax department are introduced under the goods and services tax (GST) regime. The Central Board of Excise and Customs (CBEC) on Tuesday came out with one more set of draft rules and… Read More »

IDS- CBDT clarified Cash sale of Capital Assets before 01.06.2016

By | September 28, 2016
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Instruction No.9 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) *** New Delhi, the 27th September, 2016 To, All The Principal Chief Commissioners of Income-tax Sub.: The Income Declaration Scheme, 2016 – reg. Instances have been brought to the notice of the Board that some taxpayers… Read More »

Goods for Commodity Derivatives notified by Govt

By | September 28, 2016
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MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 27th September, 2016 S.O. 3068(E).—In exercise of the powers conferred by clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956, (42 of 1956), the Central Government in consultation with the Securities and Exchange Board of India established under section 3 of… Read More »

Download GST Returns Format -GSRT 1,1A, 2,2A,3,2A,4,5,6,7,8,9

By | September 28, 2016
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GST Returns Format GSRT-1: OUTWARD SUPPLIES MADE BY THE TAXPAYER GSTR-1A – AUTO DRAFTED DETAILS GSRT-2: DETAILS OF INWARD SUPPLIES/PURCHASES RECEIVED GSTR-2A -AUTO DRAFTED DETAILS GSTR-3: MONTHLY RETURN GST-3A : Notice under section _____of ——— Act, 20— for non-filing of return GSTR-4: Quarterly Return for Compounding Taxable person GSTR-4A : AUTO DRAFTED DETAILS GSTR-5: RETURN… Read More »

Education Guide on Goods & Service Tax -GST

By | September 28, 2016
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Education Guide on Goods & Service Tax (GST) Amazon.in Widgets S. No. Title of the Post 1. Goods and Services Tax (GST): An Overview 2  Levy of GST & Exemption from Tax 3. GST Registration 4. Meaning  and Scope of Supply  5 Time of Supply 6 Valuation in GST 7. GST  Payment of Tax 8 Electronic… Read More »

Category: GST