Author: CA Ritul Patwa

LIST OF PROFESSIONS COVERED U/S 44AA OF INCOME TAX ACT, 1961

Following professions are covered u/s 44AA (1) of the Income Tax Act, 1961:- 1. Legal 2. Medical, 3. Engineering 4. Architecture 5. Accountancy 6. Technical consultancy 7. Interior decoration 8....

DUE DATE FOR FILING GSTR 3B FOR APRIL, 2018 EXTENDED TO 22-05-2018

The government has extended the due date for filling of GSTR 3B for the month of April, 2018 from 20-05-2018 to 22-05-2018 due to emergency maintenance of the GST Portal...

HOW TO FILE APPEAL BEFORE COMMISSIONER OF INCOME TAX (APPEALS)

INTRODUCTION At times it may happen that the taxpayer is aggrieved by an order of the Assessing Officer. In such a case he can file an appeal against the...

GST E WAY BILL : MAJOR RELIEF – 7TH MARCH, 2018

The government has announced major relief in the E Way Bill Rules vide Notification No. 12/2018 – Central Tax dated 7th March, 2018, with key amendments as below:- 1....

GST RATE ON HOTELS, RESTAURANTS & HOSPITALITY SERVICES

We are noting below the consolidated provisions under GST related to Hotels, Restaurants and Hospitality Sector:-   PART I – RATE OF GST ON HOTEL ROOMS Note – GST is charged...

GST FAQs – MEDICAL & HEALTH CARE SECTOR : PART 2

पहला सुख, निरोगी काया These FAQs are in continuation to Part 1 of GST on Medical & Health Care Sector, where we have discussed:- Exemption given to Health Care...

GST ON MEDICAL & HEALTH CARE SECTOR : PART 1

स्वस्थ नागरिक ही, किसी राष्ट्र की सबसे बड़ी पूंजी है Health Care Sector is on the highest priority for the government and a significant portion of the government spending goes...

RBI RELIEF IN NPA NORMS TO SPECIFIED MSME BORROWERS REGISTERED UNDER GST

The Reserve Bank of India (RBI) has granted relief to specified M.S.M.E. Borrowers registered under GST be extending the overdue period for being classified as NPA vide Circular No.  RBI/2017-18/129...

PENALTIES & LOSSES ON DELAY IN FILLING OF INCOME TAX RETURN

The Union Budget, 2018 has introduced some of the most radical provisions to ensure Timely Filling of Returns. The Penalties and Losses for delay in filling of the Income...

RATE OF INCOME TAX ON COMPANIES FOR F. Y. 2018-19

The biggest beneficiary of the Union Budget, 2018 are Mid Sized Companies. We are discussing below the Rate of Income tax on Companies:-   A) TAX ON DOMESTIC COMPANIES:-...

DISCLAIMER

The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.