The Central Board of Excise and Custom hereby extends the due date of submission of the ST-3.
Author: NEHA GOYAL
Suppliers of Goods/ Services in GST may be taxable as ‘casual taxable persons
Casual taxable persons are required to apply for registration five days prior to the commencement of business.
Two Rates For Services Under GST
Two slabs for services under GST, such as transport facing a lower levy compared to the 18% tax on several services
Important Due Dates of Returns To Be Filled In GST
In GST there are 19 forms for filing of returns by tax payers. All these forms are required to be filled online on the GST portal.
Date for Filing of Declaration under PMGKY Extended upto 10th May, 2017
The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (PMGKY) had commenced on 17th December, 2016 and was open for declarations up to 31st March, 2017.
GST: Record of lost or stolen Goods, free Samples and Gifts to be Maintained
A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new goods and services tax regime, which kicks in from 1 July.
Friendly Advance ruling Mechanism to smoothen Ride under GST Regime
India is planning a significant shift toward a litigation-free environment under the GST regime, creating a liberal mechanism that would allow all taxpayers to ascertain liabilities beforehand.
States asked to Pass GST bills by May-End
The Central Board of Excise and Customs (CBEC) recently released draft rules on electronic way bills (e-way bills) that entities have to furnish regarding the goods meant to be moved within or out of a state.
E-way bills may make GST highway bumpy
GSTN will generate e-way bills that will be valid for 1-15 days, depending on distance to be travelled.
Penalties and Prosecution for Non Filling of Financials with ROC
Every company shall file with the Registrar a copy of the annual return within 60 days and financial statement within 30 days of AGM.
FTE- Don’t carry the burden of being part of defaulting company
Fast Track Exit gives a choice or option to defunct companies to get their names struck off from the Registrar of Companies.
What Is And How To Get Status of Dormant Company?
Dormant company can be a company formed for a future project or to hold an asset or intellectual property without there being any significant accounting transaction OR an inactive company.
CBDT Issues PAN and TAN Within Day to Improve Ease of Doing Business
CBDT has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN).
Link Your Aadhar with Your Bank Account by 30th April
Accounts opened from July 2014 to August, 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks.
Consumer Goods to become Cheaper under Proposed GST Regime
A number of goods could become cheaper under the proposed goods and services tax (GST) regime.
join For Updates