Input tax credit reversal when finished goods are destroyed Video Tutorial by CA Satbir Singh in Hindi Q. We are manufacturers of chemicals. The goods produced in a particular batch are not of correct quality. We cannot sell it or use it. We want to destroy them for quality reasons. Does the GST law allow… Read More »
Works Contract in GST : वर्क्स कॉन्ट्रैक्ट : GST News [Part 186] : TaxHeal.com
Section 269ST – Cash Receipt Rs 2 Lakh Banned w.e.f 01.04.2017 Section 269ST Income Tax Act 1961 : Finance Act 2017 of India has been inserted by Finance Act 2017 w.e.f 01.04.2017 . It provided restriction on Cash Receipt of Rs 2 Lakh or more. This provision being new, there is still a lot of confusion and… Read More »
How to file TDS and TCS Credit Received on GST Portal [ Refer Video Description for Free Videos on TDS under GST and TCS under GST ] FAQs on TDS and TCS Credit Received 1. What is “TDS and TCS Credit Received” tile in Returns Dashboard? “TDS and TCS Credit Received” tile has been provided to all the… Read More »
F. No. 225/351/2018-ITA (II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes **** Room N0. 245A, North Block New Delhi, the 14th December, 2018 To All Principal Chief Commissioners of Income Tax All Director Generals of Income Tax (Investigation) Sir/Madam Subject: Information regarding bogus donation racket under section 35(1)(ii)… Read More »
Ministry of Finance Goods and Services Tax (GST) evasion Posted On: 14 DEC 2018 During the current financial year (between April 2018 to November 2018) 3196 cases involving an amount of Rs. 12766.85 Crore have been identified. Suspected GST Evasion amounting to Rs. 12766.85 has come to the light till the month of November, 2018.… Read More »
Ministry of Finance Direct Tax and Indirect Tax Collections Posted On: 14 DEC 2018 The details of total Direct Tax and Indirect Tax collected over the last three years along with the different component-wise are as under: Direct Tax (Rs. in crore) Financial Year Corporation Tax Taxes on Income Total 2015-16 453228… Read More »
Ministry of Finance Goods and Services Tax Collections Posted On: 14 DEC 2018 The month-wise gross collection of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess for FY 2017-18 and FY 2018-19 are as under: Month GST collection (in Rs. Crore)… Read More »
Ministry of Finance E-Returns Filed by the Individual Tax Payers Posted On: 14 DEC 2018 There has been a growth in the number of e-Returns filed by the individual tax payers during the last four years. The number of income-tax returns filed and the annual growth rate during the last four financial years are… Read More »
General Circular No. 11/2O18 F.No. 01/34/2013 CL-V Government of India Ministry of Corporate Affairs 5th Floor, A’Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-1. Dated: 10.12.2018 To All Regional Directors, All Registrar of Companies, A11 Stakeholders. Subject: Relaxation of additional fees and extension of last date of in fillng of CRA-4 (Cost Audit Report… Read More »