Category: Tax Advisory

Goa assembly meet to ratify GST Bill

The ratification of the newly introduced bill in state assemblies across the country is crucial for rolling out of the new pan-India indirect tax regime.

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Goods and Services Tax Network (GSTN) is carrying out a pilot test on return filing.

GSTN is conducting pilot test on return filing. It will be a live test using 4,000 taxpayers

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Possibility of a Shortage of Medicines occur at the Time of GST

Patients are worried about the possibility of a shortage of medicines because stockists and trade channels, uncertain about modalities of the implementation of the Goods and Services Tax (GST), are attempting to reduce stocks in trade.

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PM Narendra Modi has put fear of in Tax Defaulters: Proofs are here

The number of people who filed tax returns surged by 95 lakh as the government turned the heat on black money with demonetisation and various other measures, two top government officials told ET.

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2 More Unilateral Advance Pricing Agreements Signed by CBDT

CBDT entered into two more unilateral Advance Pricing Agreements (APAs) on 27th April, 2017.

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Due Date Extended for filing online Quarterly DVAT Returns

The DVAT Department has extended Due Date/ Last Date for Filing of online return for Q4 (Mar. 2017) of 2016-17 upto 15 May 2017.

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Service Tax Date Extended from 25th April 2017 to 30th April 2017

The Central Board of Excise and Custom hereby extends the due date of submission of the ST-3.

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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.

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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

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Service Tax Returns Filing Date Extended To 30th April 2017

The date of submission of the Service tax return (Form ST-3) for the period from 1st October 2016 to 31st March 2017, was 25th April, which has extended to 30th April, 2017.

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Customs Duty on Imported Mobile Phones Hit Due To Impact of GST

GST regime as it seeks to give a boost to local manufacturing, ward off Chinese imports and induce companies like Apple to make in India.

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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.

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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.

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No Income Tax on Salary deducted for Notice Period Pay cut

The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for not serving out a notice period cannot be brought to tax.

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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.

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