GST Com Composition Scheme of GST for Service Provider If the person Supply Goods and specified Service then , GST Composition Scheme Rates are different for i) Manufacturer, ii) Persons engaged in making supplies referred to in clause (b)of paragraph 6 of Schedule II iii) other suppliers, GST Composition Scheme is available for Service providers… Read More »
ITAT Indore DCIT Vs M/s. Brilliant Sare Reality Pvt. Ltd. Appeal Number : IT(SS)A No. 44/Ind/2015 This appeal and cross objection pertaining to the assessment year 2007-08 have filed by the revenue and the assessee against order of the Commissioner of Income Tax (Appeals)-I, Indore dated 22.10.2014. 2. In cross objection the assessee has raised… Read More »
Download Form INC-22A [zip] (219 KB) Instruction Kit for eForm INC-22A: Active Company Tagging Identities and Verification (ACTIVE) The Instruction Kit has been prepared to help you file eForms with ease. This documents provides references to law(s) governing the eForms, instructions to fill the eForm at field level and common instructions to fill all eForms.… Read More »
The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a partners’ remuneration from the Firm shall not be subject to the application of presumptive interest rate under section 44AD of the Income Tax Act. The assessee received remuneration and interest from partnership firms namely M/s. Kumbakonam Jewellers, M/s. ANS… Read More »
List of Income Tax benefits available to Small Businessmen List of Income Tax benefits available to Small Businessmen AY 2019-20 [As amended by Finance Act, 2018] [AY 2019-20] S.N. Particulars Section Benefits/Deductions allowed A. Presumptive Taxation Scheme 1. Computation of income from eligible business on presumptive basis under Section 44AD provided turnover or gross receipts of eligible… Read More »
Government of Jammu & KashmirFinance DepartmentCivil Secretariat, Jammu NOTIFICATION No. SRO 134Jammu, the 26th of February, 2019 SRO 134.- The Government in order to provide budgetary support to manufacturing units operating in the state of Jammu and Kashmir and involving investment of rupees fifty crores or more either on substantial expansion of existing units or setting… Read More »
Facts of the Case Assessee is in the business of running guest houses and has a property at Hyderabad in which it has seven rooms. Assessee has entered in to various agreements with various companies for accommodating their employees from time to time in these rooms and received rental receipts to the extent of Rs.… Read More »
RBI/2018-19/133DCM (Plg.) No.2128/10.25.007/2018-19 February 28, 2019 The Chief Executive Officer/ Chairman/Managing Director All Banks having Currency Chests. Madam/ Sir, Storage of Notes and Coins As stated in para 15 of the monetary policy statement of October 04, 2016, the Bank had constituted a Committee on Currency Movement (CCM) [Chair: Shri D.K. Mohanty, Executive Director] to review the… Read More »
Ministry of Finance Total GST Revenue collection of₹ 97,247 crore for the month of February 2019 Posted On: 01 MAR 2019 Total gross GST revenue collected in the month of February, 2019 is ₹ 97,247 crore of which CGST is ₹ 17,626crore, SGST is ₹ 24,192crore, IGST is ₹ 46,953crore (including ₹ 21,384crore collected on imports) and Cess is ₹ 8,476 crore (including ₹ 910crore collected on imports).… Read More »
MINISTRY OF LAW AND JUSTICE (Legislative Department) NOTIFICATION New Delhi, the 28th February, 2019 S.O. 1061 (E).—In exercise of the powers conferred by sub-section (2) of section 1 of the Personal Laws (Amendment) Act, 2019 (6 of 2019), the Central Government hereby appoints the 1st day of March, 2019 as the date on which the… Read More »