The e-way bill for intra sate movement of goods will be applicable in Haryana from April 20. The e-way bill...
The Income Tax Department on Monday January 1, 2018 notified a new helpline number for taxpayers who face issues while...
Goods and Services Tax (GST) Council would explore the possibility of merging the 12% and 18% and forming a new...
Goods and Services Tax (GST) Council would explore the possibility of merging the 12% and 18% and forming a new...
Income Tax Department has alleged that senior officials with US bank accounts will be in bull’s eye. Tax authorities have...
The government is planning to use the data obtained from Goods and Services Tax (GST) filings to footprint the income...
Securities and Exchange Board of India (SEBI) penalized singleton of Rs. 30 Lakh for violating AIF norms pertaining to alternative...
Searches were conducted at over 25 locations in Delhi and the National Capital Region by Income Tax Department. These locations...
The Central Board of Direct Taxes (CBDT) has issued a notification on fraudulent cases where a taxpayer has filed a...
The government constituted a 6 member panel on Wednesday for redrafting the Income Tax Law in sync with the economic...
After demonetization, there has been cases where in the businesses or individuals have deposited huge amounts in to their bank...
From this week, exporters who paid Goods and Services Tax (GST) can claim for refunds for the month of August...
About 70% of the assessees under the Goods and Services Tax (GST) had filed detailed sales returns for July on...
In fiscal year 2016-17, 2.82 million people filed income tax returns. The tax department said on Monday that the number...
The last date for filing income-tax returns this year has been extended to August 5. The original deadline for filing...
Several steps are being taken after the ban on black money to tighten the currency. Now the Income Tax Department...
In the first such action ever since the Goods and Services Tax (GST) came into effect, the food supplies and...
The GST Council at its meeting next month is likely to take up taxation issues raised by sectoral bodies along...
There has been a substantial confusion in the change of MRP (Maximum Retail Price) of the goods under GST. According...
The Narendra Modi government at the Center had said in February this year that the delay in filing an Income...
From July 1, all the mobile phone users will have to shell out more for their mobile phone usage. The...
Any business entity that fails to pass on benefits of lower taxes under the goods and services tax (GST) to...
Much-awaited nation-wide tax Goods and Services Tax (GST) will be rolled out on mid-night of June 30 and will come...
The Finance Act, 2017 inserted section 92CE in the Income-tax Act, 1961 with effect from 1st April, 2018 to provide...
CBEC vide Notification no. 5/2017 -Central tax dated 19th June 2017 specifies the persons who are only engaged in making...
CBEC vide notification no. 1/2017 -Central Tax dated 19th June 2017 appoints the 22nd day of June, 2017, as the date...
Following the reform in indirect tax in India, “One Tax One Nation”, and Government is now proceeding towards a new...
GST registration (migration) window shall reopen on 25th June, 2017 and continue to reopen for three months and all the...
India's most comprehensive indirect tax reform — the goods and services tax (GST) — is inching towards a July 1...
The indirect tax structure on cement has always been a subject matter of discussion amongst industry members, Government officials and...
Goods and Service Tax (GST) Council cleared the pending rules, including transition provisions and returns, with all states agreeing to...
Today GST council is going to finalise taxes to be levied on six commodities, including gold, textiles and biscuits, as...
As we all know that implementation of GST would undoubtedly impact one’s personal finances especially when it comes to financial...
Finance Minister, Arun Jaitley said that GST to be enacted in over a month, will not only check evasions but...
Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction (SFT) for transactions prescribed under...
GST regime will roll out from July 1, apartment owners have to pay about 2.5% additional tax on maintenance charges....
The Honourable Union Minister of Finance, Shri Arun Jaitley officially launched the Portal of Operation Clean Money (https://www.cleanmoney.gov.in) at New...
Section 139AA of the Income-tax Act provides for mandatory quoting of Aadhaar for filing of return of income and for...
The Goods and Services Tax (GST) Council on Thursday fixed tax rates on 1211 items, most of which likely become cheaper...
Prime Minister Narendra Modi can keep the words of the new Goods and Services Tax (GST) in front of the...
Transactions fees of financial services become more expensive after government may put 18% tax in the new (GST) regime. According to one...
GST Council has fixed a tax slab while stepping in to implement the new tax system. Probably, with the Goods...
If someone has recently spent any expensive thing or service or made a big investment, but according to all its...
The Income Tax Department has introduced a new e-facility for linking PAN number with Aadhaar card. Explain that the government...
On Tuesday, Goa legislative assembly will sit for a special session to ratify the Goods and Services Tax (GST) Bill,...
GSTN is conducting a pilot test on return filing. It will be a live test using 4,000 taxpayers.Once the goods...
The number of people who filed tax returns surged by 95 lakh as the government turned the heat on black...
The Central Board of Direct Taxes (CBDT) entered into two more unilateral Advance Pricing Agreements (APAs) on 27th April, 2017,...
The DVAT Department has extended Due Date/ Last Date for Filing of online return for Q4 (Mar. 2017) of 2016-17...
The Central Board of Excise and Custom hereby extends the due date of submission of the ST-3 for the period...
Casual Taxable Person- means a person who occasionally undertakes transactions involving supply of goods/ Services in the course or furtherance...
Government makes two slabs for services under GST, with segments such as transport facing a lower levy compared to 18%...
The date of submission of the Service tax return (Form ST-3) for the period from 1st October 2016 to 31st...
The government hit customs duty on imported mobile phones after switching to the goods and services tax (GST) regime as...
The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for...
GST council chaired by finance minister Arun Jaitley has urged states to approve state GST laws by the end of...
Moving goods worth more than Rs 50,000 under GST will require prior online registration of the consignment and securing an...
The Income Tax department will investigate over 60,000 individuals under the second phase of the ‘Operation Clean Money’ which was...
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post...
As GST is on edge of applicability from 1st July 2017, everyone just try to analyse its impacts on various...
Taxpayers registered under the new goods and services tax (GST) regime that is set to be implemented from 1 July...
The GST system which will be maintained by the Goods and Services Tax Network (GSTN), a not-for-profit company, is the...
Law enforcement agencies have detected Rs.1.37 lakh crore worth of tax evasion, began criminal prosecution in 2814 cases, and have...
All Income Tax Department-related proceedings between the taxpayer and the taxman will be conducted online from the new fiscal year,...
The prospects of a 1 July rollout of the goods and services tax (GST) brightened further on Friday. The thirteenth...
As a pre-requisite to shift to Goods and Services Tax (GST) Regime, every existing tax payer is required to migrate...
29 March 2017 must be recorded as one of the most significant days in the history of federalism in India....
With the Lok Sabha passing four bills related to goods and services tax (GST) on 29 March, the stage is...
An employer-employee relationship is something which is no longer the sole purview of the HR department. Under GST, which is...
The government is arming itself with powers to levy goods and services tax (GST) on all rental income but is...
NDA government is poised to introduce the last batch of GST legislations this week in Lok Sabha, probably as early...
The Central Board of Excise and Customs (CBEC) will be reorganised for the implementation of the Goods and Services Tax...
The Central Board of Excise and Customs (CBEC) set up working groups to address concerns raised by trade and industry...
Petroleum products would, however, continue to be taxed as per the current taxation regime until the GST Council agrees on...
The government today removed the 1% tax on cash purchases above Rs 2 lakh, after putting a limit on transactions....
The DVAT department. has further extended the due date for filing of online/ hard copy of DVAT return for Q3...
Farmers' body FAIFA asked Finance Minister Arun Jaitley to protect interests of Indian tobacco farmers while formulating GST laws. The Federation...
Some of the service contracts are set to be renegotiated under the goods and services tax (GST) framework as it...
With the Introduction of Negative List Regime in the year 2012, all services becomes taxable except the services which are...
The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on...
Small scale industries of the region fear a drop in production and profitability due to subsuming excise exemptions and increased...
The DVAT department. has further extended the due date for filing of online/ hard copy of DVAT return for...
The inclusion of low-priced glucose and other biscuits under the proposed Goods and Services Tax regime will probably lead to shutting...
Many banks and financial institutions may be in a lot of trouble as they could just see the complexity in...
As per Section 50C introduced by the Finance Act, 2016, where the date of the agreement fixing the amount of...
There is a reason to rejoice for foodies. Eating out at food joints and small restaurants will become economic with...
Tamil Nadu is ready to roll out the goods and services tax (GST) on July 1, the scheduled date, for which...
The states and the Centre on Saturday decided on a 5% levy on dhabas and small restaurants under the goods...
Private-sector employees will soon be able to withdraw up to Rs.20 lakh in tax-free gratuity after the Centre decided to...
Central Government is satisfied that in the period commencing on and from the 1st day of July 2012 and ending...
The government and its advisers may have initially underestimated the so-called twin balance sheet (TBS) problem faced by the banks...
Submitted by business_centrik on 20/02/2017 Cash purchase of jewellery will attract 1% TCS (Tax Collected at source) from April 1...
Submitted by business_centrik on 16/02/2017 In step with government’s digital India drive, the Income Tax department is developing an app that will...
Submitted by business_centrik on 02/02/2017 Income Tax Department (ITD) has launched Operation Clean Money. Initial phase of the operation involves e-verification of...
As per rule 114E of the income tax rules 1962, for an from 2016-17, all companies have to be furnish...
Under the indirect transfer provisions contained in section 9(1)(i) of the Income Tax Act, 1961 (‘Act’), all income accruing or...
Exiting provision of section 44AD of the Income Tax Act. 1961- In case of certain assesses carrying on any business...
Over the years, the income tax department has come to acquire an image of an agency that usually harassed taxpayers,...
CBDT amends Rule 17CA of Income tax Rules 1962 related to “restrictions on Contribution accept by electoral trust“ provide that the...
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