Department of Financial Services advises all Banks to take immediate steps to put restrictions on bank accounts of over two lakh ‘struck off’ companies Government has stepped up decisive action against companies falling within the ambit of Section 248 of the Companies Act. The names of 2,09,032 companies have been struck off from the Register… Read More »
E Newsletter on GST August 2017 Edition by ICAI Indirect Tax Committee Download E Newsletter on GST August 2017 Edition by ICAI Indirect Tax Committee Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST… Read More »
50 GST FAQ Compiled from Tweets TWEET FAQs – III PRESS RELEASE, DATED 5-9-2017 The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 50 tweets. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal… Read More »
GST on Passenger Transport Service Service classification for Passenger Transport Services is 9964. Groups under this heading are :- Local Transport and sightseeing transportation service (99641) Long Distance transport services of passengers (99642). Group 99641 Local transport and sightseeing transportation services of passengers 996411 Local land transport services of passengers by railways, metro, monorail, bus,… Read More »
The Code on Wages Bill 2017 As part of labour law reforms, the Government has undertaken the exercise of rationalisation of the 38 Labour Acts by framing 4 labour codes viz Code on Wages, Code on Industrial Relations, Code on Social Security and Code on occupational safety, health and working conditions. 1. The Code on… Read More »
F.No.332/04/2017-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit Subject: FAQs on levy of GST on supply of services to the Co-operative society- reg The society collects the following charges from the members on quarterly basis as follows: 1.Property Tax-actual as per Municipal Corporation of Greater Mumbai (MCGM) 2.Water Tax- Municipal… Read More »
opt out GST Composition Scheme I had wrongly opted composition myturnover is more than 75 lacs now notable to file July return how to come out of composition ? You can opt out of composition scheme anytime by filing FORM GST CMP-04 in terms of Rule 6(3) of CGST Rules. on GST Common Portal (… Read More »
GST Return for August 2017 Due Date Extended GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of August to 5th, 10th and 15th October 2017 respectively. Return Last Date GSTR 1 5th October 2017 GSTR 2 … Read More »
GST Return for July 2017 Due Date Extended GIC decides to extend Date of GSTR 1, GSTR 2 and GSTR 3 for the month of July 2017 to 10th, 25th and 30th September 2017 respectively. Return Last Date GSTR 1 10th September 2017 GSTR 2 … Read More »
Due date for Tax Audit and Return Extended to 31.10.2017 : CBDT Order SECTION 139, READ WITH SECTION 119, OF THE INCOME-TAX ACT, 1961 – INCOME, RETURN OF – EXTENSION OF DUE DATE FOR FILING RETURN OF INCOME AND VARIOUS REPORTS OF AUDIT ORDER [F.NO.225/270/2017/ITA.II], DATED 31-8-2017 The Goods and Services Tax (‘GST’) has come into… Read More »