AIR ISS-A2A WSDL for Filing Season 2018/Tax Year 2017 AATS is now available If you would like to request the AIR AATS WSDL for Filing Season 2018/Tax Year 2017, the Responsible Official or an official identified as a Contact on the ACA Application for TCC must send an email to the AIR Mailbox with “AATS WSDL for… Read More »
Tax Filing Extension Expires Oct. 16 for Millions of Taxpayers; Check Eligibility for Overlooked Tax Benefits WASHINGTON – The Internal Revenue Service today urged taxpayers who have a filing extension through Oct. 16 to check their returns for often-overlooked tax benefits. When they are ready to file, the IRS recommends they file their return electronically using IRS e-file or… Read More »
Tax Exempt & Government Entities FY 2018 Work Plan Related USA IRS News
Government of India receives vital information from 13 Banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year; Investigative agencies have been asked to complete necessary investigation in a time bound manner. In what is undoubtedly a… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 30. Change in Rate of tax w.r.t Supply of Services Section 14 of the CGST Act indicates the provisions for determining the time of supply in case where there is a change in the rate of tax in respect of services.… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 29. Time of supply of goods and services under RCM Section 12(3) of the CGST Acts provides that in case of supplies of goods in respect of which tax is paid or liable to be paid on reverse charge basis, the… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 28. Deferment of levy till Time of Supply Section 12(1) & Section 13(1) of CGST Act provide that liability to pay CGST/ SGST shall arise at the time of supply……. Issue The language employed appears to indicate that the levy is… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 27. Composition tax on entire turnover section 10 of CGST Act 2017 provides that, a registered person, whose aggregate turnover in the preceding financial year did not exceed Rs.75 lacs / Rs.50 Lacs rupees, may opt to pay @ 0.5%/1%/2% of… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 26. Applicability of composition scheme in case of caterer and banquet hall food supply: Section 10 read with Section 6 (1) (b) of Schedule II of the CGST Act provides that composition scheme is available to the supplier who is providing… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 25. Double taxation on supply made by composition dealer Section 17(5) of CGST Act 2017 provides that input tax credit shall not be available in respect of goods or services or both on which tax has been paid under section 10.… Read More »