Ministry of Finance Task Force to Review Direct Tax Legislation Posted On: 18 DEC 2018 The Government had constituted a Task Force to draft a New Direct Tax Law vide Officer Order in F.No. 370149/230/2017 dated 22.11.2017 under the Convenorship of Shri Arbind Modi, the then Member (Legislation), CBDT with original term of six months… Read More »
Ministry of Finance RBI guidelines for agencies to deposit money in ATMs Posted On: 18 DEC 2018 Reserve Bank of India (RBI) vide its guidelines issued on 6.4.2018 on ‘Cash Management activities of the banks – Standards for engaging the Service Provider and its sub-contractor’, advised banks to put in place certain minimum standards in… Read More »
TAX TREATMENT OF GIFTS RECEIVED BY AN INDIVIDUAL OR HUF [As amended by Finance Act, 2018] A very common and frequent question running in the mind of taxpayers is the taxability of gifts. In this part, you can gain knowledge about various provisions relating to taxability of gift received by an individual or a Hindu… Read More »
DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. ADG(S)-3/ITBA/Assessment module/2018-19 Dated: 17.12.2018 To, All Principal Chief Commissioners of Income-tax/CCsIT All Principal Commissioners of Income-tax/CsIT/CsIT(Admin & TPS) Sir, Subject: – Additional FAQs on Assessment Module of ITBA- Reg. This is in reference to the subject mentioned above.… Read More »
Searching a GST Practitioner 1. I do not know the Enrolment-ID or GSTP-ID of the GST Practitioner. How do I search for a GST Practitioner in the GST Portal? You can search for GST Practitioners by searching their Name and other details like State, District and Pin Code. I want to find a GST Practitioner… Read More »
Search Taxpayers Opted In/Out of Composition 1. Can I find if my dealer/ supplier is under the Composition scheme or not? You can use GSTIN to search the details of a taxpayer who have opted in for the composition scheme or opted out from the composition scheme. Note: Only active Taxpayer data will be displayed… Read More »
GST Payment after Death of Taxpayer 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 Press Release GST Press Release GST Books… Read More »
GST Officer Power To Arrest In this article we have discussed as to when can a person be arrested under GST Act and how he can be released. Meaning of Arrest under GST The term ‘arrest’ has not been defined in the CGST/SGST Act. However, as per judicial pronouncements, it denotes ‘the taking into custody… Read More »
View and Respond to an Outstanding Tax Demand Outstanding tax demand arises when taxpayer’s tax as per Income Tax Return is less than the tax payable as per Income Tax Department. ITD sends the intimation under Section 143(1) asking for outstanding demand along with the calculations, stating the reason why you need to pay more… Read More »
GST Advance Ruling for Unregistered Dealers : GST News Part 238 Section 97 CGST Act 2017 Application for advance ruling