Section 68 of Punjab GST Act 2017 ( Section 68 of Punjab GST Act 2017 explains Inspection of goods in movement and is covered in CHAPTER XIV INSPECTION, SEARCH, SEIZURE AND ARREST ) Inspection of goods in movement. 68. (1) The Government may require the person in charge of a conveyance carrying any consignment of goods of value exceeding… Read More »
FINANCE BILL 2018 Budget 2018 : Finance Bill 2018 : Download Budget 2018-19 : Notes on clauses of Finance Bill 2018 PROVISIONS RELATING TO DIRECT TAXES Introduction The provisions of Finance Bill, 2018 relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’) to continue to provide momentum… Read More »
GST News [ Part 135 ] by CA Satbir Singh
Budget 2018: Notes on clauses of Finance Bill 2018 Income-tax Clause 2, read with the First Schedule to the Bill, specifies the rates at which income-tax is to be levied on income chargeable to tax for the assessment year 2018-2019. Further, it lays down the rates at which tax is to be deducted at source during… Read More »
E way Bill Deferred In view of difficulties faced by the trade in generating e-way bill due to initial technological glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra state movement of goods. It’ll be applicable from a date to be notified Following is… Read More »
NATIONAL ACADEMY OF CUSTOMS, INDIRECT TAXES AND NARCOTICS (NACIN) Frequently Asked Questions on E Way Bill Q 1. What is an E Way Bill? Ans. E-way bill (FORM GST EWB-01) is an electronic document (available to supplier / recipient / transporter) generated on the common portal evidencing movement of goods of consignment value more than… Read More »
Tax Rates for AY 2019-20 The Finance Minister, Mr. Arun Jaitley, presented the Union Budget for the year 2018. It is the last full budget presented by him before the general election to be held next year in 2019. In contrast to the expectations, the proposals in personal taxation are not lucrative. Nothing extraordinary has… Read More »
Budget 2018-19 Currently, long term capital gains arising from transfer of listed equity shares or units of equity oriented fund or units of business trusts, are exempt from income-tax under Section 10(38) of the Act. In order to minimize the economic distortions and curb erosion of tax base, it is proposed to withdraw this exemption… Read More »
Budget 2018-19 : Benefit to Salaried Employee
Budget 2018-19 : Benefits for Senior Citizen