Non-taxing GST Apps will Soon be Made by Cos In a bid to give tax payers more choice to file their returns once the much-awaited tax reform is rolled out, the Goods and Services Tax Network (GSTN) is inviting private companies to build third-party interfaces. Open for technology, accounting and financial services firms, it will… Read More »
GSTR-1 Outward supplies by Tax payers Key Points of GSTR-1 (Outward supplies by Tax payers) Due Date of GSTR-1 (Outward supplies by Tax payers ):- To be furnished by the 10th of the month succeeding the tax period. Not to be furnished by compounding Taxable Person/ISD Basic details of the Taxpayer i.e. Name along with GSTIN Period… Read More »
SECTION 90 OF THE INCOME-TAX ACT, 1961 DOUBLE TAXATION AGREEMENT REQUESTS FOR EXCHANGE OF INFORMATION FROM FIELD OFFICERS IN TIME BARRING CASES LETTER F.NO.500/044/2016-FT&TR-III, DATED 3-10-2016 The undersigned is directed to state that large number of Exchange of Information (EOI) requests in time-barring assessment cases are received in FT &TR Division just before the time… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 3rd October, 2016 No. 5(4)-B(PD)/2016.— It is hereby notified that the deposits made under the Special Deposit Scheme for Non Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th October, 2016 INCOME-TAX S.O. 3145(E).—In exercise of the powers conferred by clause (iii) of Explanation to section 35ABA and section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following… Read More »
Revenue dept to hire agencies to train industry on GST With less than six months being left for GST rollout, the revenue department has decided to hire professional bodies to impart training to trade, industry, and stake holders on the new indirect tax regime. The government plans to roll out the Goods and Services Tax… Read More »
Govt plans overhaul of tax administration for smooth GST rollout The government has readied plans for a major change in India’s tax administration structure, including overhauling the Central Board of Excise and Customs (CBEC) to ensure a glitch-free roll out of a nation-wide goods and services tax (GST). The plan, reviewed by Moneycontrol, includes setting… Read More »
HIGH COURT OF DELHI Taxation Bar Association (REGD.) v. Chief Secretary, Government of NCT Delhi MS. G. ROHINI, CJ. AND JAYANT NATH, J. W.P. (C) NO. 5263 OF 2016 SEPTEMBER 16, 2016 Vasdev Lalwani, Ms. Neera Gupta, Vinod Gautam and Mukul Gautam, Advs. for the Petitioner. Satyakam, ASC for the Respondent. ORDER Ms. G. Rohini,… Read More »
States Start looking for consultants for GST States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year. With the Centre moving on to the fast track to meet the April 2017 deadline, the Punjab… Read More »
HIGH COURT OF MADRAS Nizamabad Agro (P.) Ltd. v. Assistant Commissioner of Customs -EODC T.S. SIVAGNANAM, J. W.P. NO. 27525 OF 2016 AUGUST 30, 2016 S. Murugappan for the Petitioner. Rajkumar Jhabakh, Senior Standing Counsel for the Respondent. ORDER 1. Heard Mr.S.Murugappan, learned counsel appearing for the petitioner and Mr.Rajkumar Jhabakh, learned Senior Standing Counsel… Read More »