Daily Archives: March 27, 2018

TDS on property : FAQs

By | March 27, 2018

TDS on property What is TDS on property? The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor I am a Buyer, Do… Read More »

Due date for linking Aadhaar with PAN Extended till June 30, 2018 by CBDT

By | March 27, 2018

The Central Board of Direct Taxes (CBDT) has extended the last date for linking of Aadhaar with PAN from March 31, 2018 to June 30, 2018. This is the 3rd time, CBDT has extended the due date for linking Aadhaar number with PAN. F. No.225/270/2017 /ITA.II Government of India Ministry of Finance Department of Revenue… Read More »

Section 10 of Goa GST Act 2017 : Composition levy

By | March 27, 2018

Section 10 of Goa GST Act 2017 [ Section 10 of Goa GST Act 2017 explains Composition levy and is covered in CHAPTER III : LEVY AND COLLECTION OF TAX ] Composition levy. 10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate… Read More »

Section 8 of Goa GST Act 2017 : Tax liability on composite and mixed supplies

By | March 27, 2018

Section 8 of Goa GST Act 2017 [ Section 8 of Goa GST Act 2017 explains Tax liability on composite and mixed supplies and is covered in CHAPTER III : LEVY AND COLLECTION OF TAX ] Tax liability on composite and mixed supplies. 8. The tax liability on a composite or a mixed supply shall be determined in the following manner, namely:—… Read More »

Section 6 of Goa GST Act 2017 : Authorisation of officers of central tax as proper officer in certain circumstances

By | March 27, 2018

Section 6 of Goa GST Act 2017 [ Section 6 of Goa GST Act 2017 explains Authorisation of officers of central tax as proper officer in certain circumstances and is covered in CHAPTER II : ADMINISTRATION ] Authorisation of officers of central tax as proper officer in certain circumstances. 6. (1) Without prejudice to the provisions of this Act, the officers appointed… Read More »

Section 5 of Goa GST Act 2017 : Powers of officers

By | March 27, 2018

Section 5 of Goa GST Act 2017 [ Section 5 of Goa GST Act 2017 explains Powers of officers and is covered in CHAPTER II : ADMINISTRATION ] Powers of officers. 5. (1) Subject to such conditions and limitations as the Commissioner may impose, an officer of State tax may exercise the powers and discharge the duties conferred or imposed on him… Read More »

Section 4 of Goa GST Act 2017 : Appointment of officers

By | March 27, 2018

Section 4 of Goa GST Act 2017 [ Section 4 of Goa GST Act 2017 explains Appointment of officers and is covered in CHAPTER II : ADMINISTRATION ] Appointment of officers . 4. (1) The Government may, in addition to the officers as may be notified under section 3, appoint such persons as it may think fit to be the officers under this… Read More »

Section 3 of Goa GST Act 2017 : Officers under this Act

By | March 27, 2018

Section 3 of Goa GST Act 2017 [ Section 3 of Goa GST Act 2017 explains Officers under this Act and is covered in CHAPTER II : ADMINISTRATION ] Officers under this Act . 3. The Government shall, by notification, appoint the following classes of officers for the purposes of this Act, namely:— (a) Commissioner of State tax, (b) Special Commissioner of State… Read More »

Section 2 of Goa GST Act 2017 : Definitions

By | March 27, 2018

Section 2 of Goa GST Act 2017 [ Section 2 of Goa GST Act 2017 explains Definitions and is covered in CHAPTER I : PRELIMINARY ] Definitions . 2. In this Act, unless the context otherwise requires,–– (1) “actionable claim” shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882; (Central Act 4 of 1882).… Read More »

Section 1 of Goa GST Act 2017 : Short title, extent and commencement .

By | March 27, 2018

Section 1 of Goa GST Act 2017 [ Section 1 of Goa GST Act 2017 explains Short title, extent and commencement and is covered in CHAPTER I : PRELIMINARY ] Short title, extent and commencement . 1. (1) This Act may be called the Goa Goods and Services Tax Act, 2017. (2) It extends to the whole of the State of Goa. (3)… Read More »

USA IRS : The right to reach a resolution – Taxpayer Bill of Rights No. 6

By | March 27, 2018

The right to reach a resolution – Taxpayer Bill of Rights No. 6 Taxpayers who interact with the IRS are entitled to the resolution. This right comes into play for taxpayers who are going through an audit. These taxpayers have the right to know when the IRS has completed a review (audit). This is one of the… Read More »

USA IRS : IRS.gov tax help available

By | March 27, 2018

IRS.gov tax help available Taxpayers can visit IRS.gov/espanol for quick access to tax information and useful tools that can help them with their taxes. The following are some things taxpayers can do when visiting IRS.gov/espanol: Use the IRS Free File. Prepare and submit your taxes electronically with IRS Free File . Taxpayers with incomes of $ 66,000 or less may… Read More »

USA IRS : Tips for Using Withholding Calculator

By | March 27, 2018

Tips for Using Withholding Calculator The IRS recommends that taxpayers use the calculator Retention in IRS.gov/espanol, to “verify your paycheck” and verify that their employers withhold the correct amount of income taxes from their paychecks. Withholding Calculator can help prevent employees have too little or retention of your paycheck. Have very few withholding taxes can result in… Read More »

USA IRS : Guide to Tax Season: fast answers to tax questions

By | March 27, 2018

Guide to Tax Season: IRS.gov Make your first stop for help and fast answers to tax questions IR-2018-76SP, March 27, 2018 WASHINGTON – With the deadline to file taxes on April 17th fast approaching, taxpayers can find most of the answers to your tax questions, if you take advantage of the wide variety oftools online easy to use, available… Read More »

Schedule III of Uttarakhand GST Act 2017 : Activities or transactions which shall be treated as supply of goods nor supply of services

By | March 27, 2018

Schedule III of Uttarakhand GST Act 2017 ( Schedule III of Uttarakhand GST Act 2017 explains Activities or transactions which shall be treated as supply of goods nor supply of services )  SCHEDULE III [See section 7] ACTIVITIES OR TRANSACTIONS WHICH SHALL BE TREATED AS SUPPLY OF GOODS NOR SUPPLY OF SERVICES 1. Services by an employee to… Read More »

Schedule II of Uttarakhand GST Act 2017 : Activities to be treated as supply of goods or supply of services

By | March 27, 2018

Schedule II of Uttarakhand GST Act 2017 ( Schedule II of Uttarakhand GST Act 2017 explains Activities to be treated as supply of goods or supply of services )  SCHEDULE II [See section 7] ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SUPPLY OF SERVICES 1. Transfer (a) any transfer of the title in goods is a… Read More »

Schedule I of Uttarakhand GST Act 2017 : Activities to be treated as supply even if made without consideration

By | March 27, 2018

Schedule I of Uttarakhand GST Act 2017 ( Schedule I of Uttarakhand GST Act 2017 explains Activities to be treated as supply even if made without consideration )  SCHEDULE I [See section 7] Activities to be treated as supply even if made without Consideration 1. Permanent transfer or disposal of business assets where input tax credit has been… Read More »

Income from letting out warehouse for short duration was business income

By | March 27, 2018

As per the Hon’ble Madras High Court, the income earned from letting-out of warehouse and godown was chargeable under the head ‘income from business’ having regard to the facts and circumstances of the case. In the case before the Hon’ble High Court, assessee was engaged in the business of warehousing, handling and transport business and… Read More »

Income-tax offices to remain open on 29th to 31 March 2018

By | March 27, 2018

 Income-tax offices to remain open on 29th, 30th and 31st March, 2018 to facilitate filing of belated ITR F. No. 225/270/2017-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 26th March, 2018 Order under Section 119(1) of the Income Tax Act, 1961 The last date for… Read More »

SBI RTGS Form : Download / Print

By | March 27, 2018

SBI RTGS Form  Download State Bank of India –  SBI Bank RTGS  NEFT Application Form in PDF Format. Download SBI Bank RTGS NEFT Form in PDF Format, Download SBI RTGS NEFT Form in PDF Format. Download Latest & Updated SBI Bank RTGS / NEFT Form in PDF format. Request form of RTGS/ NEFT for SBI  Bank.… Read More »

NOTIFICATION G.O.Ms.No.138, DATED 27-3-2018 : Andhra Pradesh GST

By | March 27, 2018

ANDHRA PRADESH GOODS AND SERVICES TAX (SIXTEENTH AMENDMENT) RULES, 2018 – AMENDMENT IN RULE 117, FORM GST RFD-01 & FORM GST RFD-01A AND SUBSTITUTION OF RULES 138, 138A, 138B, 138C, 138D, FORM GST EWB-01, FORM GST EWB-02, FORM GST EWB-03, FORM GST EWB-04 & FORM GST INV-1 NOTIFICATION G.O.Ms.No.138, DATED 27-3-2018 In exercise of the powers… Read More »

NOTIFICATION NO.CCT/CCW/GST/74/2015, DATED 27-3-2018 : Andhra Pradesh GST

By | March 27, 2018

SECTION 39 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017, READ WITH RULE 61 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX RULES, 2017  EXTENSION OF TIME LIMIT FOR FILING FORM GSTR 3B NOTIFICATION NO.CCT/CCW/GST/74/2015, DATED 27-3-2018 In exercise of the powers conferred by section 168 of the Andhra Pradesh Goods and Services Tax… Read More »

NOTIFICATION NO.4/2018-GST [NO.CT/GST-14/2017/102] Assam GST DATED 27-3-2018

By | March 27, 2018

RULE 138 OF THE CENTRAL GOODS & SERVICES TAX RULES, 2017, READ WITH RULE 138 OF THE ASSAM GOODS & SERVICES TAX RULES, 2017 – E-WAY BILL – E-WAY BILL NOT REQUIRED FOR MOVEMENT OF GOODS WITHIN ASSAM NOTIFICATION NO.4/2018-GST [NO.CT/GST-14/2017/102], DATED 27-3-2018 In exercise of the powers conferred by clause (d) of sub-rule (14) of… Read More »