Mere use of the word “advance” in the letter of the Sugarcane Growers Association by itself would not change the character of the payment, especially when the amount paid was an ascertained liability and the assessee was following mercantile system of accounting and the payment was also done during the relevant accounting year. Furthermore, the… Read More »
GST Interest Rates : Free Study Material Here is the Free study Material on GST interest Rates Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) explaining GST Interest Rates [Join GST Online Course by CA Satbir Singh ] GST Interest Rates : General Points Comment New GST Due Dates I Interest… Read More »
New GST Notifications and News Notification No 24 /2018 Central Tax : Authority Notified to conduct exam of GST Practitioners Notification No 11/2018 Central Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC) Notification No 12/2018 Integrated Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC) Notification No 11/2018 Union Territory Tax (Rate)… Read More »
GST Calander for 2018-19 ( Due dates ) 31/05/2018 -GSTR-1 : Outward Supplies (April 2018) Refer Notification No 18/2018 Central Tax Dated 28th March, 2018 [Monthly Return if annual aggregate turnover more than Rs. 1.5 crore] 31/05/2018 – GSTR-6 Input Service Distributor (July 2017 to April 2018) refer Notification No 19/2018 Central Tax Dated 28th March, 2018 10/06/2018 – GSTR-1: Outward Supplies (May… Read More »
Various Threshold Limits under the Income Tax Act [As amended by Finance Act, 2018] [AY 2019-20] S.N. Particulars Threshold Limits A. Basic Exemption 1. Maximum amount of income which is not chargeable to Income-tax in case of Individual, HUF/ AOP/ BOI/ Artificial Juridical Person Rs. 2,50,000 2. Maximum amount of income which is not chargeable… Read More »
Income Tax Efiling Website : Free Study Material Functions you can perform on Income Tax Efiling Website New Income Tax Portal launched to file ITR Incometaxindiaefiling : Login and List of Other Functions you can perform Income Tax India Help Desk Number / Income Tax India e-Filing Helpline Numbers Registration on Income Tax Efiling Website How to Register… Read More »
GST Classification : Free Study Material Here is the free Study Material on Classification under GST Free Study Material on Classification under GST Services Accounting Code (SAC) Under GST HSN Code under GST : Free Study Material Explanatory Notes to Scheme of Classification of Services under GST :Issued by CBIC Circular No 20/20/2017 IGST : Classification and… Read More »
Cash Limits in Income Tax : Free Study Material We have compiled Free study material on Cash Limits in Income Tax [ Join GST Online Course by CA Satbir Singh] TDS on Cash Withdrawal from Banks : Section 194N Income Tax [Video ]Cash Receipt Limit in Income Tax w.e.f 01.04.2017 :section 269ST : News [… Read More »
Tracking ARN for Exports is now available on GST Portal. GST Export : Free Study Material
Notification No 11/2018- Union Territory Tax (Rate) Seeks to amend notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) via Notification No 11/2018- Union Territory Tax (Rate) Dated May 28th 2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,… Read More »