Lower Tax Incidence on Entertainment Services under Goods and Services (GST) Tax Service providers shall be eligible for full Input Tax Credits (ITC) of GST paid in respect of inputs and input services Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods… Read More »
Final GST Rules In its 14th meeting in Srinagar on 18th and 19th May,2017 the all-powerful GST council cleared seven rules pertaining to different aspects of GST. These rules relate to Registration, Input Tax Credit, Payment, Refund, Invoice, Valuation and Composition and have paved the way for the rollout of GST from July 1, 2017.… Read More »
Withdrawal from provident fund to facilitate housing needs of workers – Presentation thereof. No. WSU/39(1)2017/Housing Scheme/ 3988 Dated 19.05.2017
Reserve Bank of India Outlines the action plan to implement the Banking Regulation (Amendment) Ordinance, 2017 Date : May 22, 2017 In a Release today, the Reserve Bank of India outlined the steps taken and those on the anvil post the promulgation of the Banking Regulation (Amendment) Ordinance, 2017. 2. The amendments to the BR… Read More »
Compliance Process under GST -19.05.2017 ICSI webinar
The Maharashtra Assembly passed unanimously the State Goods and Services Tax (GST) Bill today, the last day of a special session of the state Legislature. After the passage of the bill in the Lower House, Chief Minister Devendra Fadnavis thanked everyone for their cooperation. “All political parties had unanimity over the GST Bill. Today, this… Read More »
GST Tariff-As per GST Council Meeting held on 18th May 2017 Paperback – 2017 by Taxmann (Author) As per GST Council Meeting held on 18th May 2017. Incorporating GST Rates for Services Services under Reverse Charge Exemptions to Services Classification of Services GST Rate for Goods GST rates for Goods with HSN Code Price 690… Read More »
IRS Video Tax Tip: Part-Time and Summer Jobs Here is a video tax tip from the IRS: Part-Time and Summer Jobs English
ITAT Mumbai DCIT Vs Ateev V. Gala Appeal Number : ITA NO.1906/Mum/2014 Date of Judgement/Order : 19/04/2017 Related Assessment Year : 2010-11 Issue Whether gift received from HUF by a member of HUF falls under the definition of “relative” as provided in the Explanation to clause (vi) of sub section (2) of section 56 of… Read More »
GST Registration Forms 2017 [ Final GST Registration Forms 2017 as approved by GST Council 18.05.2017 ] Here are the latest GST Registration forms as approved by GST Council as per Final GST Registration Rules Approved by GST Council 18.05.2017 Final GST Registration Forms Sr No Form NO Description 1 GST REG 1 Application for Registration… Read More »