Monthly Archives: December 2017

Income Tax Return Statistics for AY 2015 16 released by CBDT

By | December 21, 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 20th December, 2017 PRESS RELEASE Release of Income Tax Return Statistics for AY 2015-16. Central Board of Direct Taxes (CBDT) has been proactively releasing Time-series Data relating to Direct Tax collections, number of taxpayers, cost of collection etc., as… Read More »

GST on Education in India : Deep Analysis

By | December 21, 2017

GST on Education Analysis of GST on Education in India Is  Word “ Education “ Defined under GST Act ? “Education” is not defined in the CGST Act but as per Supreme Court decision in “Loka Shikshana Trust v/s CIT”, education is process of training and developing knowledge, skill and character of students by normal schooling.… Read More »

Category: GST

Quarterly GST return is optional for taxpayers

By | December 20, 2017

Quarterly GST return is optional for taxpayers 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 Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release GST… Read More »

Category: GST

Section 124 of Meghalaya GST Act 2017 : Fine for failure to furnish statistics

By | December 20, 2017

Section 124 of Meghalaya GST Act 2017 ( Section 124 of Meghalaya GST Act 2017 explains Fine for failure to furnish statistics and is covered in Chapter XIX : OFFENCES AND PENALTIES) Fine for failure to furnish statistics 124 . If any person required to furnish any information or return under section 151— (a) without reasonable cause fails to… Read More »

Section 123 of Meghalaya GST Act 2017 : Penalty for failure to furnish information return

By | December 20, 2017

Section 123 of Meghalaya GST Act 2017 ( Section 123 of Meghalaya GST Act 2017 explains Penalty for failure to furnish information return and is covered in Chapter XIX : OFFENCES AND PENALTIES) Penalty for failure to furnish information return 123 . If a person who is required to furnish an information return under section 150 fails to do… Read More »

Section 122 of Meghalaya GST Act 2017 : Penalty for certain offences

By | December 20, 2017

Section 122 of Meghalaya GST Act 2017 ( Section 122 of Meghalaya GST Act 2017 explains Penalty for certain offences and is covered in Chapter XIX : OFFENCES AND PENALTIES) Penalty for certain offences 122 . (1) Where a taxable person who— (i) supplies any goods or services or both without issue of any invoice or issues an incorrect… Read More »