CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 40. Extending the period for claiming deduction by start-ups. 40.1 Before amendment by the Act, the provisions of section 80-IAC of the Income-tax Act provided that an eligible start-up shall be allowed a deduction of an amount equal to 100% of the profits and gains derived from eligible business for three… Read More »
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 39. Restricting cash donations. 39.1 Before amendment by the Act, section 80G of the Income-tax Act provided that the deduction shall not be allowed in respect of donation made of any sum exceeding Rs.10,000, if the same was not paid by any mode other than cash. 39.2 In order to provide cash… Read More »
CBDT CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 38. Rationalization of deduction under section 80CCG. 38.1 Under the provisions of section 80CCG of the Income-tax Act, deduction for three consecutive assessment years is allowed up to Rs. 25,000 to a resident individual for investment made in listed equity shares or listed units of an equity oriented fund subject to… Read More »
Online Payments: Net Banking 1. What is the payment process using the Net Banking E-Payment mode option? User must have an account with any authorised bank with the Internet Banking (Netbanking) facility activated on it. 2. Which banks provide Internet Banking (Netbanking) payment facility for making payments on GST Portal? Net Banking payment facility of… Read More »
Offline Payments: NEFT/RTGS 1. What are the offline modes of payments available for making payments on the GST Portal? Two types of offline modes of payment are available for making payments on the GST Portal: a) Over the Counter (OTC) The OTC option is an offline mode of payment available for making payments through authorized… Read More »
GST Challan 1. How do the new payment systems benefit the taxpayer and the Commercial Tax Department? No more queues and waiting for making payments as payments can be made online 24 X 7 Instant online receipts for payments made online GST Practitioners can make payments on behalf of the clients. Single Challan form to… Read More »
GST News [ Part 173 ] by CA Satbir Singh ! TaxHeal.com 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… Read More »
Section 13 of Tamil Nadu GST Act 2017 ( Section 13 of Tamil Nadu GST Act 2017 explains Time of supply of services and is covered in CHAPTER IV TIME AND VALUE OF SUPPLY ) [Enforced with effect from 1-7-2017.] Time of supply of services 13.(1) The liability to pay tax on services shall arise at the time of supply,… Read More »
Electoral Bearer Bond Scheme 2018 Sale at Authorised Branches of State Bank of India (SBI) Posted On: 22 FEB 2018 6:50PM by PIB Delhi The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification S.O. No.29 (E) dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased… Read More »
Added features in Form GSTR 1 and GSTR 5.