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 below:- 1. For Dealers and Taxpayers registered upto January, 2017 – 31st March, 2017; and 2. For Dealers and Taxpayers registered after January, 2017 – Not …
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 is an internationally standardized system of names and numbers to classify traded products.” FAQ 2 : Where HSN Code is required under the GST? Ans. The …
IS HSN CODE OF GOODS MANDATORY UNDER GOODS & SERVICES TAX (GST) IN INDIA? Read More »
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 on 04-03-2017 in Vigyan Bhawan in New Delhi under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley has approved the draft CGST …
KEY PROVISIONS OF THE CGST & IGST APPROVED BY GST COUNCIL ON 4th MARCH, 2017 Read More »
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 of the same the New Entry No. 9 (b) reads as below:- 9. Services provided, – (b) to an education institution, by way of,- (i) Transportation of Students, Faculty, …
SERVICE TAX ON HIGHER EDUCATION, COLLEGES & UNIVERSITIES W.E.F. 01-04-2017 Read More »
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 Goods and Services Tax (GST) once it is being notified in the Year 2017-18. This document has been prepared for the ready reference and information of …
TAX PROPOSALS IN RAJASTHAN BUDGET FOR F. Y. 2017-18 Read More »
The Labour Department of Government of Rajasthan has vide Notification No. F. 13(1)shram/vidhi/2017 dated 16-02-2017 has ordered payment of all Salary and Wages either by Cheque or by crediting the wages in in the Bank Accounts of the persons employed by the following organisations:- a) Factories registered under the Factories Act, 1958 (Central Act No. …
SALARY & WAGE : RESTRICTION ON PAYMENT OF CASH IN RAJASTHAN w.e.f. 16-02-2017 Read More »
The Central Government has introduced Equalisation Levy (EL) popularly known as Google Tax on the Online or Digital Advertising defined as Specified Services under sub section (i) of Section 164 of the Finance Act, 2016. We are noting below Frequently Asked Questions in respect of the Equalisation Levy (EL):- FAQ 1 : What is …
EQUALISATION LEVY or GOOGLE TAX LIABILITY ON ONLINE DIGITAL ADVERTISING IN INDIA Read More »
There is no change in the base rate of Service Tax i.e. 14%, Swachh Bharat Cess (SBC) i.e. @ 0.5% and Krishi Kalyan Cess (KKC) i.e. @ 0.5%. NOTES (a) Input CENVAT Credit of Swachh Bharat Cess cannot be availed; however (b) Input CENVAT Credit of Krishi Kalyan Cess will be available for payment of …
A quick review (Limited Information) of the applicable provisions under the income tax act after incorporating selective amendments proposed by the Budget of 2017 are given below for ready reference and information of our clients:- (A) RATE OF INCME TAX FOR F. Y. 2017-18 (A.Y. 2018-19) (I) INDIVIDUALS / HUF / AOP / BOI …
INDIAN INCOME TAX RATE FOR F. Y. 2017-18 (A. Y. 2018-19) Read More »
Q 1. What is e-commerce? Ans. Section 43B(d) of the MGL defines an Electronic Commerce to mean the supply or receipt of goods and/or services, or transmitting of funds or data, over an electronic network, primarily the internet, by using any of the applications that rely on the internet, like but not limited to e-mail, …
FAQs ON GST (Series 4) – GST LIABILITY ON E-COMMERCE BUSINESSES Read More »