CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 Powers of officers. 5. (1) Subject to such conditions and limitations as the Board may impose, an officer of central tax may exercise the powers and discharge the duties conferred or imposed on him… Read More »
CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 Appointment of officers. 4. (1) The Board may, in addition to the officers as may be notified by the Government under section 3, appoint such persons as it may think fit to be the… Read More »
CGST Billl 2017 AS INTRODUCED IN LOK SABHA Bill No. 57 of 2017 THE CENTRAL GOODS AND SERVICES TAX BILL, 2017 CHAPTER II ADMINISTRATION Officers under this Act. 3. The Government shall, by notification, appoint the following classes of officers for the purposes of this Act, namely:–– (a) Principal Chief Commissioners of Central Tax or… Read More »
GST FAQ by CBEC 31.03.2017 GST FAQ by CBEC- 2nd Edition. 31.03.2017 – Download -Print S. No. FAQs on GST – Goods and Service Tax Act 1. FAQs on Overview of Goods and Services Tax (GST) 2. FAQs on Levy of and Exemption from Tax under GST 3. FAQs on Registration under GST 4. FAQs on Meaning and… Read More »
India: Simplified income-tax return forms The Central Board of Direct Taxes (CBDT) has revised income-tax return (ITR) forms for assessment year 2017-2018. The total number of ITR forms has been reduced from nine to seven. The key changes include: Single page ITR form for salaried class taxpayers Existing ITR 2, ITR 2A, and ITR 3… Read More »
The government in India has created a concessional taxation regime for patent income to encourage local research and development (R&D) activities and to make India a global R&D hub. The Central Board of Direct Taxes (CBDT) released a notification on 3 April 2017 on the patent box regime under section 115BBF of the Income-tax Act,… Read More »
Private Collection of Some Overdue Federal Taxes Starts in April; Those Affected Will Hear First From IRS; IRS Will Still Handle Most Tax Debts Taxpayers: Watch Out for Scam Calls WASHINGTON – Starting this month, the Internal Revenue Service will begin sending letters to a relatively small group of taxpayers whose overdue federal tax accounts… Read More »
Top IRS Tips to Know about the Home Office Deduction Taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. Use the simplified method or the regular method to claim a deduction. Here… Read More »
Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Transitional Provisions Chapter 24 Q 1. Will CENVAT credit (or VAT credit) carried forward in the last return prior to GST under existing law be available as ITC under GST? Ans. A registered person, other than a person opting to pay tax under composition scheme,… Read More »
Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC GSTN and Frontend Business Process on GST Portal Chapter 23 Q 1. What is GSTN? Ans. Goods and Services Tax Network (GSTN) is a not-for-profit, non-government company promoted jointly by the Central and State Governments, which will provide shared IT infrastructure and services to both… Read More »