LAST DATE FOR FILLING SERVICE TAX RETURN FOR H2 OF FY 2016-17

In light of the Intermittent Difficulties faced by the assesses in accessing the ACES website, the CBEC has extended the last date for submission of ST-3 for the H2 of...

TAX COLLECTION AT SOURCE (TCS) LIABILITY ON E-COMMERCE OPERATOR UNDER GST IN INDIA

FAQ 1 : Who is an E-Commerce Operator? Reply : As per Section 2 (45) of the Central GST Act, 2017, ‘electronic commerce operator’ means any person who owns,...

GST : ACTIVITIES TO BE TREATED AS SUPPLY OF GOODS OR SERVICES

As per Schedule II read with Section 7 of the Central Goods and Services Act, 2017, following activities shall be treated as Supply of Goods or Supply of Services:-...

GST BILLS RECEIVED ASSENT OF THE PRESIDENT : 12-04-2017

The four bills (noted below) that were to be passed by the Central Government for the implementation of GST have received the ascent of the President Sh. Pranab Mukherjee...

RESTRICTION ON CASH TRANSACTION IN F. Y. 2017-18

The Government has taken several steps for curbing black money, discouraging cash transaction and promoting digital payments. In this regard the government has issued a press release with brief...

LAST DATE FOR GST ENROLMENT FOR MIGRATION OF EXISTING DELAERS UNDER VAT/ CST, SERVICE TAX & EXCISE

As per the information available on the GST Portal (www.gst.gov.in) till now, the last date for Enrolment on the GST Portal for the Existing Dealers and Taxpayers is as...

IS HSN CODE OF GOODS MANDATORY UNDER GOODS & SERVICES TAX (GST) IN INDIA?

FAQ 1 : What is HSN Code? Ans. As per Wikipedia – “The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature...

KEY PROVISIONS OF THE CGST & IGST APPROVED BY GST COUNCIL ON 4th MARCH, 2017

As per the press release of the Press Information Bureau (PIB), Government of India, Ministry of Finance – The Goods and Services Tax GST) Council, in its meeting held...

SERVICE TAX ON HIGHER EDUCATION, COLLEGES & UNIVERSITIES W.E.F. 01-04-2017

The Central Government has issued Notification No. 10/2017 – ST dated 08-03-2017 to add a proviso to Entry No. 9 (b) of the Mega Exemption Notification No. 25/2012. As a effect...

TAX PROPOSALS IN RAJASTHAN BUDGET FOR F. Y. 2017-18

A quick review (Limited Information) of the Tax Proposals in the Rajasthan Budget for the F. Y. 2017-18. These proposals will get subsumed (to the extent applicable) in the...

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