The GST Council has announced the Proposed Rates of Tax under GST to be implemented in India w.e.f. 01-04-2017. There are 5 Categories of GST Rate’s that have been accepted by the all powerful GST Council with full concensus:- 1. Zero Rated Items – Including Food Grains and Other Essential Items to taxed @ …
GST RATES IN INDIA – ANNOUNCED BY THE GST COUNCIL APPLICABLE W.E.F. 01/04/2017 Read More »
The Ministry of Corporate Affairs has taken another bold initiative in Government Process Re-engineering (GPR) and launched Simplified Proforma for Incorporating Company Electronically (SPICe) e-Form, on the occasion of Gandhi Jayanthi 2016, with the specific objective of providing speedy incorporation related services within stipulated time frames which are in line with international best practice. SPICe’s …
NEW ONLINE FORM FOR COMPANY INCORPORATION – SPICe Read More »
In a major relief to the Education Institution’s across India, the Central Government has issued Notification No. 45/2016 – Service Tax dated 30th Day of September, 2016, in exercise of the power conferred u/s 11C of the Central Excise Act, 1944 (1 of 1944), read with Section 83 of the Finance Act, 1994 (32 of 1994), …
In exercise of the Power conferred u/s 119 of the Income Tax Act, 1961, the CBDT has extended the due date of filling the Income Tax Return to 17-10-2016 for the tax payers whose accounts are audited and who are required to furnish the Return of Income for A. Y. 2016-17 by 30-09-2016 as per provisions …
INCOME TAX AUDIT & RETURN FILLING DATE EXTENDED TO 17-10-2016 Read More »
# Income Tax Return Filing Date extended up to 5th August 2016 # In view of today’s bank strike and disturbance in J & K,due date of IT return filing has been extended. For assessees across India, liable to file IT Returns by 31st July, deadline is extended up to 5th August. For assessees in …
INCOME TAX RETURN FILLING DATE EXTENDED TO 05 AUG 2016 Read More »
Entry Tax has been imposed on E-Commerce Companies, Online Market Place and sale of Goods through Electronic Media on goods sold within Rajasthan from outside the state of Rajasthan without payment of VAT in the State of Rajasthan. As per government clarification this has been done to protect the interest of revenue in Rajasthan. We …
There is an air of confusion due to some misleading clarifications and statements in the media regarding net Tax Liability of 31% under the Income Declaration Scheme, 2016 instead of 45%. A rumour has been raised that the Tax, Interest and Penalty can be paid on the amount declared under the scheme from unknown sources. …
Clarification on Net Rate of Tax – The Income Declaration Scheme, 2016 Read More »
I feel delighted to be invited by the Government of Tajikistan to assess the Opportunities for Trade and Business in Tajikistan. Tajikistan has a historical legacy and is a close ally and strategic Partners of India in Central Asia. The old Silk Route passed through Tajikistan and there is a history of Trade relations between …
TAJIKISTAN – NEW BUSINESS OPPORTUNITY IN CENTRAL ASIA Read More »
Today we have presented the case of Education Institutions before Sh. S. M. Tata, Commissioner, Service Tax, Central Board of Excise & Customs in the North Block, Ministry of Finance, Government of India. Education Institutions across India were under deep pressure from the retrospective and regressive notices, summons and show cause (SCN) issued by the …
RELIEF FROM C.B.E.C. – SERVICE TAX ON EDUCATION INSTITUTION FOR 01-04-13 TO 10-07-14 Read More »
The Service Tax Department has initiated the process of issuing Show Cause Notices to Education Institutions for charging Service Tax on Transportation Fees and Hostel Fees charged by them from their Students, Staff and Faculty for the period from 01-04-2013 to 10-07-2014. As per information received, this entire process was initiated by a letter from the …
SERVICE TAX – AUXILIARY EDUCATION SERVICE : 01-04-2013 TO 10-07-2014 Read More »