TAX ADVISORY

Income tax, property tax, value added tax, service tax, taxation for …what is common here?

Yes, the terror called TAX!

Ever wonder why Tax qualifies for a terror? Why does it cause sleepless nights to many and why do we need to get a consultant to know how much and when and why we need to pay?

Taxes take many forms. While at a job, one pays Income tax, while you shop, you also usually pay sales tax and as a business you pay a plethora of taxes! Paying your taxes is considered a civic duty and a failure of this can cause severe penalties! As business activities have become increasingly globalized and complex, companies now require fully integrated tax and legal advisory services.

Bearing in mind the worldwide regulatory legislation being ratified and modified every now and then, at Centrik you will get tax advisory by best tax advice experts, at both international and domestic levels, with the ultimate purpose of tax optimization, in accordance with the relevant law, so you and your business can achieve set targets and objectives.

We invest time to analyze your business objectives, operations, and markets, so that we are properly focused on your requirements. As standard practice, we seek to understand the broad industry framework within which our clients operate and the key regulations that may uniquely apply to those industries. In selected key industries we dive deeper so that we have a better appreciation of industry regulations, market structure, industry practices and dynamics.

We are able to apply this understanding and blend it with our deep technical skills to deliver effective advice.

OUR SKILLS

  • All domains’ professional and Expert Under One Roof
  • Details Analysis and Research
  • Covering All Tax Territories

 

Why Choose Us

Why To Choose Centrik?

Centrik has penal of experts from all tax domains. Generally, any financial transactions are covered by more than one type of tax. It requires combined research and team-work to analyze the tax impact. We design personalized service person on your requirement and try to optimize the implication of taxes. We have the experts who have sound knowledge and experience in tax laws.

What Kind Of Service Do You Provide Under Tax?

We provide different kind of services, like Tax Assessment, Tax refunds, Tax Strategy and planning, Tax litigation, International taxation, transfer pricing etc. You can see the list under tax category. Further, we also design personalized service based on your requirement.

Do You Provide Tax Advisory For Foreign Country Also?

Yes, we provide comprehensive and details regarding the tax structure, rates and tax point for foreign countries as well.

24X7 Expert Support

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Expertise Areas

Choose the related service to know more about it

All About GST

Get in-depth expert analysis and help GST.

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All About GST

Get in-depth expert analysis and help GST.

Tax Refund

Get domain experts to process your tax refund claims.

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Tax Refund

Get domain experts to process your tax refund claims.

Tax Litigation

Get your taxes assessed correctly to create optimized tax outflows.

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Tax Litigation

Get your taxes assessed correctly to create optimized tax outflows.

Tax Planning

Get in-depth expert analysis and help with tax laws and compliance.

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Tax Planning

Get in-depth expert analysis and help with tax laws and compliance.

Expert Attorneys

We are professional

V K Swami

Hony. Member of Advisory Board

Expertise: All For Startup,Authentic Legal Advice,Debt Recovery Management,Legal Outsourcing,RERA consulting,Tax Litigation,Tax Planning
  • 25 years Experience
  • New Delhi, Delhi, India

Ravi Shankar Gurajada

RERA consultant

Expertise: All About GST,All For Startup,Legal Outsourcing,RERA consulting
  • 22 YEARS Experience
  • Hyderabad, Telangana, India

REBATISH PANDA

Advocate

Expertise: All About GST, RERA Consulting, Litigation, Authentic Legal Advice
  • 22 Years Experience
  • Bhubaneswar

Rajesh Kumar Ajmani

Tax Expert

Expertise: Compliance & Filings, Tax Assessment Tax Refunds All About Startup
  • 22 Years Experience
  • Delhi

Bhupendra S Chauhan

Advocate

Expertise: Authentic Legal Advice,Corporate Litigation-All In Way,Grievance Redressal,Registration And Compliance,RERA consulting,Tax Litigation
  • 20 Years Experience
  • New Delhi, Delhi, India

Dinesh Dahyalal Shah

RERA Consultant

Expertise: All About GST,All For Startup,Authentic Legal Advice,Corporate Litigation-All In Way,Debt Recovery Management,Go Global,Grievance Redressal,Invest In India,Legal Outsourcing,Project Funding,Registration And Compliance,RERA consulting,Tax Litigation,Tax Planning,Tax Refund,Tender Servicing
  • 18 years Experience
  • Ahmedabad, Gujarat

Amit Srivastava

Advocate

Expertise: All For Startup,Authentic Legal Advice,Benchmarking,Corporate Litigation-All In Way,Debt Recovery Management,Legal Outsourcing,RERA consulting,Tax Litigation
  • 14 years Experience
  • Kanpur

CA Moiz F Lokhandwala

Proprietor

Expertise: Tax Assessment, Tax Strategy & Planning, Audit & Assurance
  • 13 Years Experience
  • Mumbai

Amarpal Jakhar

RERA and Tax Litigation

Expertise: Grievance Redressal Invest In India Go Global Tax Assessment Tax Refunds Tax Strategy & Planning All India VAT Register Your Business
  • 10 Years Experience
  • New Delhi

CA. Rajiv Kumar Jha

Partner

Expertise: All About GST,Corporate Litigation-All In Way,Invest In India,Project Funding,Registration And Compliance,RERA consulting,Tax Litigation,Tax Planning,Tax Refund
  • 8 Years Experience
  • patna, Bihar

Namrata Dedhia

Partner

Expertise: Tax Assessment, Invest In India, Tax Strategy & Planning, Register Your Business, Audit & Assurance, Compliance & Filings
  • 8 Years Experience
  • Mumbai

CA Amit Jain

Chartered Accountant

Expertise: Compliance & Filings, All India VAT, Business Modelling, Audit & Assurance
  • 7 Years Experience
  • Delhi

Nikhil Mohan Jhanwar

Partner

Expertise: All About GST,All For Startup,Project Funding,Registration And Compliance,Tax Litigation,Tax Planning
  • 6 years Experience
  • Noida

CA Pankaj Kumar

Partner

Expertise: All About GST,Legal Outsourcing,Registration And Compliance,Tax Planning
  • 6 years Experience
  • New Delhi

CA Rahul Gupta

Expertise: All About GST,All For Startup,Grevance Redressal,RERA consulting,Tax Litigation,Tax Planning,Tax Refund
  • 5 years Experience
  • Sonepat, Haryana, India

RAHUL SHARMA

Company Secretary- Startup Consultant

Expertise: All For Startup,Registration And Compliance,RERA consulting
  • 5 Years Experience
  • New Delhi, Delhi, India

Hitesh Purohit

Senior Tax Consultant

Expertise: All About GST,All For Startup,Tax Litigation,Tax Planning,Tax Refund
  • 5 Years Experience
  • Mumbai (Suburban)

Pritesh Burad

Advocate

Expertise: All About GST,Authentic Legal Advice,Corporate Litigation-All In Way,Debt Recovery Management,Grievance Redressal,RERA consulting,Tax Litigation,Tax Planning,Tax Refund
  • 5 Years Experience
  • Mumbai

Expertshine

Advisor

Expertise:
  • 5 years Experience
  • Kerala

Ishtdeep Singh Uppal

Advocate

Expertise: All About GST,Authentic Legal Advice,RERA consulting,Tax Litigation
  • 5 years Experience
  • New Delhi

CA. JAYKISHAN RATHI

Chartered Accountant

Expertise: All About GST,Authentic Legal Advice,Grevance Redressal,Litigation-All In Way,Project Funding,Registration And Compliance,Tax Litigation,Tax Planning,Tax Refund,Tender Servicing
  • 5 Years Experience
  • Ring Road, Surat, Gujarat, India

Monica Anand Kumar

Lawyer

Expertise: Authentic Legal Advice Cyber Laws Civil Matters IP Laws
  • 5 years Experience
  • New Delhi, Delhi, India

Adv Sanchit Kumar

Senior Legal Associate

Expertise: Authentic Legal Advice,Corporate Litigation-All In Way,Grievance Redressal,Legal Outsourcing,Registration And Compliance,RERA consulting,Tax Litigation
  • 5 Years Experience
  • New Delhi, Delhi, India

Shivam Chaurasia

Associate - RERA Consulting

Expertise: Register Your Business, Business Modelling, Compliance & Filings, Audit & Assurance, Approval & License
  • 5 Years Experience
  • Lucknow

Poonam Verma

Accounts Executive

Expertise:
  • 4 years Experience
  • New Delhi, Delhi, India

Pushpender Tyagi

Compliance Manager

Expertise: CCM,Legal Outsourcing,Registration And Compliance,Tax Litigation,Tax Planning,Tax Refund
  • 4 years Experience
  • Sonipat, Haryana, India

Vikas Gupta

Company Secretary

Expertise: Register Your Business, Business Modelling, Approval & License
  • 4 Years Experience
  • New Delhi

Ashutosh Aggarwal

Partner

Expertise: All About GST,All For Startup,CCM,Go Global,Tax Litigation,Tax Planning,Tax Refund
  • 4.5 years Experience
  • New Delhi

Shashank Tandon

Company Secretary in Practice

Expertise: All For Startup,Authentic Legal Advice,Corporate Litigation-All In Way,Registration And Compliance
  • 4 Years Experience
  • Delhi, India

Gautam goyal

Tax Manager

Expertise:
  • 4 Years Experience
  • New Delhi

Saurabh Jain

Chartered Accountant

Expertise: GST Training Internal Audit Compliance check-up
  • 4 years Experience
  • Bangalore

PRAVEEN AGGARWAL

Chartered Accountant

Expertise: All About GST,Registration And Compliance,RERA consulting,Tax Litigation
  • 4 years Experience
  • Gurgoan

Amit Sharma

Partner

Expertise: Go Global,Project Funding,Tax Litigation,Tax Planning,Tax Refund
  • 4 years Experience
  • New Delhi, Delhi, India

STUPTI BANERJEE

Legal Associate

Expertise: Authentic Legal Advice,Corporate Litigation-All In Way,Debt Recovery Management,Grievance Redressal
  • 3 Years Experience
  • New Delhi, Delhi, India

Rajul Jain

Business Consultant

Expertise: All About GST,All For Startup,Authentic Legal Advice,Corporate Litigation-All In Way,Debt Recovery Management,Grievance Redressal,Invest In India,Legal Outsourcing,Project Funding,Registration And Compliance,RERA consulting,Tax Litigation,Tax Planning,Tax Refund,Tender Servicing
  • 3 years Experience
  • New Delhi

CS Neha Goyal

Compliance Manager

Expertise: All About GST, Compliance & Filings, Register Your Business, Authentic Legal Advice, Approval & License, Representation
  • 2 Years Experience
  • Delhi

Diksha Singh Dhakre

Legal Associate - Debt Recovery

Expertise: Debt Recovery Management,Grievance Redressal,RERA consulting,Tax Litigation,Tax Refund
  • 2 Years Experience
  • Delhi, India

Smit shah

RERA Consultant

Expertise: All About GST,All For Startup,RERA consulting
  • 2 Years Experience
  • Ahmedabad, Gujarat, India

sahil sachdeva

ACCOUNTS EXECUTIVE

Expertise:
  • 2.5 years Experience
  • Roorkee, Uttarakhand 247667, India

Veera M

Legal Associate

Expertise: Authentic Legal Advice,Debt Recovery Management,Registration And Compliance,RERA consulting
  • 2 Years Experience
  • Delhi, India

Srishti Girdhar

Legal Associate

Expertise: Corporate Litigation-All In Way,Debt Recovery Management,RERA consulting,Tax Litigation
  • 1.5 Years Experience
  • Haryana, India

Latest Blogs

Our Latest Blogs

Tax Benefits on PPF Account
Posted on 0 CommentsCategories Tax PlanningTags , , , , ,
The Public Provident Fund (PPF) is one of the tax-free saving scheme. This saving scheme is famous amongst the investors...
Major changes in Income Tax Applicable For FY 2018-19
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags , ,
The government made numerous improvements in taxation which are applicable from 1st April 2018.
Income Tax penalties with respect to return filing
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags , , ,
Income tax act 1961 provides for heavy fees and penalties in case of tax evasion.
New fields in ITR -1 form for FY 2017-18
Posted on 0 CommentsCategories Tax PlanningTags ,
This article we going to discuss the fields showing in ITR-1 form. There are many changes in New ITR-1 form...
GST E-way Bill- Ten Points to Know
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , ,
The GST e-way bill framework for the movement of commodities between states was actualized on April 1, 2018
Claim of Tax Credit on Foreign Income of a Resident
Posted on 0 CommentsCategories Tax PlanningTags , , ,
In Income tax Act, Residential status of the individual is one of the major factor while determining the taxability of...
GST applicability on Supply of Goods to SEZ unit
Posted on 0 CommentsCategories All About GSTTags , , , ,
All supplies made to SEZ whether on account of supplies of goods or services, have been categorised as “Zero Rated...
First Arrest under Goods and Service Tax regime for alleged fraud
Posted on 0 CommentsCategories All About GSTTags , ,
The centre and state governments suspect massive tax evasion under GST due to the lax implementation.
Hon’ble High Court of Bombay Directed Central Government to resolve issues with GST Portal
Posted on 0 CommentsCategories All About GSTTags , , ,
The Bombay High Court on March 6th directed the Centre and the Maharashtra government to resolve the citizens grievances related...
Taxability of Gifts as per Income Tax Act 1961
Posted on 0 CommentsCategories Tax PlanningTags , , ,
If you receive gifts in the form of money and property from any of your relative or friends, it may...
Reopening of Income tax case after 6 years
Posted on 0 CommentsCategories Registration And Compliance, Tax Litigation, Tax PlanningTags ,
Whether notice for reopening of cases on the basis of finding of tribunal, after expiry of 6 years limitation from...
Long term capital gains tax to apply on shares sold after April 1, 2018
Posted on 0 CommentsCategories All About GSTTags , , ,
The proposed long-term capital gains tax on equity holdings will apply on profits made from sale of shares on or...
FAQ’s on E-Way Bill
Posted on 0 CommentsCategories All About GSTTags , ,
E-way bill would be a masterstroke for today and times to come. E-way bill has to be generated before the...
BHARTI Realty: Growing Big on Bag
Posted on 0 CommentsCategories All About GST, RERA ConsultingTags , , , , , , ,
Bharti Realty is the Real Estate firm of Bharti Enterprise which is planning to invest a hug amount of money...
Accounts & other Records in GST
Posted on 0 CommentsCategories All About GSTTags , , ,
Under GST law, Every registered person is required to maintain following books of accounts and other records at its principal...
Reversal of Input Tax Credit
Posted on 0 CommentsCategories Tax AdvisoryTags
Anytime later if recipient or dealer pays the supplier invoice amount or the value of supply and tax, he can...
GST Revenue will grow with e-way bills, learn everything about it
Posted on 0 CommentsCategories All About GSTTags , , ,
The government expects that after the introduction of electronic (E-way) bills, the Goods and Services Tax (GST) collection will increase...
GST Impact on Goods Transport Agency
Posted on 1 Comment on GST Impact on Goods Transport AgencyCategories All About GSTTags , , , ,
Goods transported through Road are further bifurcated based on means of transportation i.e, Rail and Goods Transport Agency.
Who can claim tax benefits if more than one person pays the home loan EMI?
Posted on 0 CommentsCategories Tax PlanningTags , , ,
As there are no restrictions on the number of properties you can own, there are also no restrictions on the...
Possibility of tax to be levied on Bitcoin in India at Length
Posted on 0 CommentsCategories Tax PlanningTags , , ,
Bitcoin has been regulated by Central authority but with reference to the latest news, you have to pay taxes on...
What is Anti-Profiteering under GST regime?
Posted on 0 CommentsCategories All About GST, Authentic Legal AdviceTags ,
The government has created a regulatory authority i.e. National Anti-Profiteering Authority who works to find taxable registered persons who indulge...
Best Investment plans in India for your child’s Future
Posted on 0 CommentsCategories Legal Advisory, Tax PlanningTags , ,
It is important that you should plan investments for your children's future. This article is about some of the best...
How to tackle errors while filing GST Returns?
Posted on 0 CommentsCategories All About GSTTags , , ,
Article explaining some common GST problems like GST mismatch, GST Computer Error, GST Payment Failure, GST Return issue.
GST on Food Services & Restaurants in Business- A Comprehensive Analysis
Posted on 0 CommentsCategories All About GSTTags , ,
This article is to make understand how restaurant food bills will be affected under GST. We will also enlighten the...
How to find best GST Consultant for your business?
Posted on 0 CommentsCategories All About GSTTags , , ,
Whereas the GST tax regime needs to be managed and handled in an effective way. This is where businesses most...
RERA and GST Belt: Homebuyers going for ready-to-move-in Flats
Posted on 0 CommentsCategories All About GST, RERA ConsultingTags , , ,
The homebuyers are now opting for ready-to-move-in flats as tax burden has been reduced on them. With the implementation of...
GST Impact on Sale and Purchase of Used Vehicles
Posted on 0 CommentsCategories All About GSTTags ,
Since the transactions happen in different ways, broadly as below, we shall discuss the impact of GST accordingly.
GST Impact on E-Commerce Industry
Posted on 0 CommentsCategories All About GSTTags , , ,
India has become the second largest market for e-commerce. It has now become imperative for the business to understand and...
Composition Scheme under GST
Posted on 0 CommentsCategories All About GSTTags , ,
In this article, we’ve explained composition scheme under GST, who can apply, eligibility criteria how it can benefit small businesses.
Implementation of VAT in GULF Countries
Posted on 0 CommentsCategories Tax PlanningTags , , ,
VAT is being implemented in the Kingdom of Saudi Arabia or KSA under Unified VAT Agreement for The Cooperation Council...
How to check the Genuineness of the Bills?
Posted on 0 CommentsCategories All About GSTTags , ,
There may be instances where shops or hotels may use fake GST Bill or GST number and may dupe you....
GST Impact on Small and Medium Enterprises
Posted on 0 CommentsCategories All About GSTTags , ,
The benefits of implementing GST on SMEs will play a vital role in shaping India's economy in the coming years.
Concept of Reverse Charge Mechanism under GST
Posted on 0 CommentsCategories All About GSTTags , , , , , ,
Reverse Charge Mechanism (RCM) means the liability to pay the tax by person receiving goods and/or services instead of the...
Registration for TDS Deduction under GST
Posted on 0 CommentsCategories All About GSTTags ,
Tax Deducted at Source (TDS) is factor of Indirect Tax collection by authorities as per the Income Tax Act, 1961.
Items on which Input Tax Credit is not Available
Posted on 0 CommentsCategories All About GSTTags , , , ,
GST being One Nation One Tax is famous for the free flow of credits. But there are certain items on...
Planning Audits under GST
Posted on 0 CommentsCategories All About GSTTags ,
We all have heard that audit is going on in the company or for an individual, but being a layman...
E-way Bill under GST Regime
Posted on 2 Comments on E-way Bill under GST RegimeCategories All About GSTTags , ,
It is mandatory for all consignors/consignees/transporters to be aware of the required complianceto carry an electronic waybill or E-Way Bill...
How to Identify Fake GST Bill?
Posted on 0 CommentsCategories All About GSTTags ,
This blog post is about identifying fake GST bills. Here are some know-how to identify a fake bill so that...
New Process of Refund under the Income Tax Act
Posted on 0 CommentsCategories Tax RefundTags ,
Income Tax Act was already a stern but the Government has amended the above mentioned section to overcome certain issues...
Common Errors while Migrating to GST
Posted on 0 CommentsCategories All About GSTTags , ,
While migrating to GST a lot of issues are being faced by businesses and to help with those issues here...
How to File GST Return-1?
Posted on 1 Comment on How to File GST Return-1?Categories All About GSTTags , ,
What particulars are required to file GST Return-1 and the solution is right on the deck.
Avoid Zero Hour Rush for GST Filing
Posted on 0 CommentsCategories All About GSTTags , ,
Trailing the zero hours as per a government official, Rs. 42,000 Crore tax was deposited till August 21 which is...
Know How to Surrender Additional Pan Card and its Consequences
Posted on 0 CommentsCategories Government Advisory, Tax PlanningTags , ,
An individual or entity could have been an issue with duplicate PAN cards due to an administrative error or if...
Changes Made in 20th GST Council
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , , , ,
The Goods and Services Tax (GST) Council in its 20th meeting on Saturday decided to cut the tax rate for...
Demands and Recovery under GST
Posted on 0 CommentsCategories All About GSTTags , , ,
To recover any tax not paid inadvertently, GST provides for various provisions whereby a proper officer can demand and recover...
Import of Services under GST
Posted on 0 CommentsCategories All About GSTTags , ,
Import of services for a consideration whether or not in the course or furtherance of business, will be considered as...
Import of Goods under GST
Posted on 0 CommentsCategories All About GSTTags , ,
Imports of "Goods and Services" is defined under central GST Act, 2017.
Time of Supply After Change in Rate of Tax
Posted on 0 CommentsCategories All About GSTTags , ,
CGST Act, 2017 states the time of supply, where there is a change in the rate of tax in respect...
GST- Time of Supply before the Change in Rate of Tax
Posted on 0 CommentsCategories All About GSTTags ,
Section 14 of the CGST Act, 2017 states the time of supply, where there is a change in the rate...
Anti-Profiteering Procedure under GST
Posted on 0 CommentsCategories All About GSTTags , ,
Although the Authority has the power to decide the methodology and procedure for determination as to whether the reduction in...
Concept of Consumer Welfare Fund under GST
Posted on 0 CommentsCategories All About GSTTags , ,
Under section 2(51) of the COST Act, 2017, “Fund'' means the Consumer Welfare Fund established under section 57. Section 57...
Know How to Claim Refund under GST
Posted on 0 CommentsCategories All About GSTTags , ,
While seeking a refund under GST Laws, the refund application shall be accompanied by:
Inspection and Seizure under Goods and Services Tax
Posted on 0 CommentsCategories All About GSTTags , , ,
There is a provision of inspection which acts as a deterrent for tax evasion. These provisions help restricting tax evaders...
Know in Brief – Refunds under GST
Posted on 0 CommentsCategories All About GSTTags ,
Refund refers to an amount that is due to the tax payer from the tax administration. According to section 54...
Transitional Provision for Input Tax Credit
Posted on 0 CommentsCategories All About GSTTags , , ,
Transitional Provision rules, to avail CENVAT Credit, it is important that the person who is willing to take credit is...
Is your Restaurant Overcharging You in the Name of GST? Learn How to Decode the Bill.
Posted on 0 CommentsCategories All About GSTTags , ,
What will your bill look like after service tax, service charge, and VAT deletion, and at what rate will you...
Value of Supply
Posted on 0 CommentsCategories All About GSTTags ,
Value of supply is the value on which tax shall be levied. Section 15 of the Central GST Act 2017...
Returns Furnishing under GST
Posted on 0 CommentsCategories All About GSTTags ,
Goods & Services Tax (GST) is a comprehensive indirect tax system which works on self-monitoring mechanism. Under GST a normal...
Provisions for Payment under GST
Posted on 0 CommentsCategories All About GSTTags , ,
GST has provided an easy and simple way of payment of taxes. Under GST regime, all the taxpayers will get...
Will GST Hit Real Estate Down?
Posted on 0 CommentsCategories All About GSTTags ,
As GST (Goods and Services Tax) Council still prolongs to meet to fix rates and streamline rollout procedures for the...
Audit under GST
Posted on 0 CommentsCategories All About GSTTags ,
Goods and Service tax will be one tax to subsume all taxes. It will bring in the To maintain a...
GST- Documents in Lieu of Invoice
Posted on 0 CommentsCategories All About GSTTags , ,
Where a supplier is not required to charge any tax, he shall raise a bill of supply instead of invoice....
Practical Guide to Raise the Invoice under GST
Posted on 1 Comment on Practical Guide to Raise the Invoice under GSTCategories All About GSTTags ,
The government has clarified rules of invoicing under GST along with a template of invoice (GST INV-01) covering particulars like...
Input Tax Credit Restriction
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
Goods and Services Tax aims at providing seamless flow of credit throughout supply chain.
Fields To Be Incorporated In Invoice Under GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
All registered taxpayers are free to design their own invoice format under GST However, it is required that certain fields...
BUILDERS MISLEADING HOMEBUYERS ON GST
Posted on 0 CommentsCategories All About GSTTags , , ,
Taking a strong note of builders and construction companies forcing buyers to make full payment before the roll-out of the...
Treatment of Input Tax Credit in Job Work
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , ,
Job work means undertaking any treatment or process by a person on goods belonging to another registered taxable person.
Know Concept of Composite and Mixed Supply under GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , ,
Both Composite supply and Mixed supply consist of two or more taxable supplies of goods or services or both.
Council Revised GST Rate on Jewellery Making To 5%
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , , ,
There is a sharp cut in the rate of making charges for jewellery and diamond processing industry, the Goods and...
Activities to be treated as supply of goods
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
Schedule II of the Central Goods & Services Tax Act, 2017 lists activities which are to be treated as supply...
Activities to be Treated as Supply of Services
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
Schedule II of the Central Goods & Services Tax Act, 2017 lists activities which are to be treated as supply...
Liability for Registration in GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
Section 22 of the Central Goods & Services Tax (CGST) Act, 2017 specifies persons who are liable for registration under...
Quick Guide To Know Basics of GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
Goods and service tax network (GSTN], the technology backbone of GST. It provides IT infrastructure and services to the Central...
Last Opportunity For Migration to GST Regime
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
As per sub-section 2 of section 24 of CGST Act, 2017, every person who is registered under the existing indirect...
25 Points Which Helps You To Know, Whole Concept Of GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , , ,
As we know Goods and Service Tax (GST) will 100% be implemented on 01-07-2017. Here are some point which help...
GST Online Resources: Don’t Buy Book
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
If you are CS/CA/CMA and have not read much about GST reforms and want to know all about it, this...
Transition Of Refund Of Taxes Paid Under The Existing Laws
Posted on 0 CommentsCategories Tax Advisory, Tax RefundTags ,
In the existing regime of indirect taxation refund is one of a most strained area, both for the taxpayer and...
How to Work After Implementation Of GST?  
Posted on 1 Comment on How to Work After Implementation Of GST?  Categories All About GST, Tax AdvisoryTags ,
As per section 2(68) of the CGST Act “job work” means any treatment or process undertaken by a person on...
List of GST Finalised Rates In Different Countries
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
As soon as the GST rates were announced a huge wave of curiosity hit across industry and trade bodies. Everyone...
Return Filling: Guide To File GST Return
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
GST works on a self-monitoring mechanism, which is matching the concept of invoice between supplier and recipient of goods and...
Know Life of Transporter in GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
Every transporter to maintain the records of consignor, consignee and other relevant detail of goods. Premises of transporter maybe inspected...
Place of Supply : IGST Act, 2017
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
In the course of Intra-State Supply (Intra-UT Supply), CGST and SGST shall be payable, these two components shall be collected...
Be Aware – Now Statement of Financial Transaction replaced AIR
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags , , ,
The Statement of financial transactions need to be prepared by the person required to be audited in the income tax...
GST Council Finalise GST Rates
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
GST Council specifies rates 5%, 12%, 18% & 28% and categorised 1211 items under various tax slabs.
Transition of Credits Under GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
The transitional provisions are made part of GST Act, to ensure a smooth and logical transition of Credits of Input...
Do You Know The Importance of Invoice in GST?
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
It is generally issued by the supplier notifying the purchaser of the obligation to make payment in respect of any...
GST – 10 points that you should know about E-Way Bills
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
E-Way Bill will be required for movement of all goods, whether within the state or across states and shall be...
GST Migration – Process and Development Till Date
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
GST Transition provision- section 139 of CGST Act, 2017 read with Rule 16 of GST registration, prescribes the process of...
Check! Whether Your GST Migration is Done or Not?
Posted on 7 Comments on Check! Whether Your GST Migration is Done or Not?Categories All About GST, Tax AdvisoryTags , ,
Goods and Services Tax (GST) portal has initiated a portal to check the status of conversion of an existing registration...
How is GST going to affect MSMEs?
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
GST is an indirect taxation in India which is supposed to merge most of the existing taxes into a single...
Do You Know The Difference Between CGST, SGST & IGST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , , ,
GST is a Value-added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption...
Important Due Dates of Returns To Be Filled In GST
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
In GST there are 19 forms for filing of returns by tax payers. All these forms are required to be...
6 Points: Reflect Impact of GST on Food Business
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
GST will replace all Central level taxes such as excise, service tax, customs duty as well as state level taxes...
How Much HRA is Exempt From Tax? Let’s Discuss
Posted on 0 CommentsCategories Tax Advisory, Tax Planning, Tax RefundTags , , ,
The Assessee is responsible for correct solution of income tax liability of their employees, deduct appropriate amount of income tax and...
CBDT Issues PAN and TAN Within Day to Improve Ease of Doing Business
Posted on 0 CommentsCategories Government Advisory, Grievance Redressal, Tax Advisory, Tax PlanningTags , ,
CBDT has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account...
Highlight from 2nd edition of FAQ on GST dated 31.3.2017
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , , ,
CBEC has released 2nd edition of FAQ clarifying Central Goods and Service Tax (CGST) Bill, Integrated Goods and Service Tax...
Read This! Before Making or Accepting Any Amount in Cash
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags , , , ,
In a major step towards curbing Black Money, Union Finance Minister Arun Jaitley introduced for many changes in Income Tax...
10 things you should know about Section 269ST
Posted on 0 CommentsCategories Authentic Legal Advice, Legal Advisory, Tax Advisory, Tax PlanningTags , ,
The proposed section is envisaged to have a far-reaching effect on the transactions and so much that even withdrawal of...
Claiming HRA to Get Harder As Govt Cracks Down On Fake House Rent Receipts
Posted on 0 CommentsCategories Tax Advisory, Tax LitigationTags ,
If you have been producing fake rent receipts to lessen your tax burden there is a bad news for you...
7 Financial Tips for Young Employees to Become Rich This Year
Posted on 0 CommentsCategories All For Startup, Business Advisory, Tax PlanningTags , ,
The government has already taken several steps to promote digital payments and several other schemes launched by the government have...
Understand GST in Just 10 Points
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
GST is expected to be implemented from 01/07/2017. GST would apply to all goods and services except Alcohol for human...
6 Tax Tasks You Should Finish by March 31
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags ,
If you are contemplating to take up the tax matters at the last minute, there could be bad surprises in...
Taxability of Sale of Agriculture Land
Posted on 5 Comments on Taxability of Sale of Agriculture LandCategories Tax Advisory, Tax PlanningTags
Any land used for agricultural purpose shall be treated as agricultural land. It can be situated in rural area or...
10 Important Income Tax Changes Which Will Apply From 1st April
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags , , ,
The tax proposals in the Budget 2017 have now become law. In addition, some amendments were also introduced in the...
GST: 6 Point You Should Know While Opting for Composition Scheme
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
The composition scheme under the new GST regime extends an important benefit to all small traders.
GST- Alarming Your Business to Reconfigure
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
Transition to GST will require companies to reconfigure their inventory valuation or asset capitalization or expense recording rules
GST- What Going to Effect FMCG Industries
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags
Fast moving consumer goods segment is the fourth largest sector in the Indian economy and the Food products is the...
5 Tips On How You Can Make Your Financial Plan
Posted on 0 CommentsCategories Business Advisory, Tax AdvisoryTags , ,
Planning financial issues is not an easy task. Many people invest in a haphazard manner without a plan.
Aadhar to be made mandatory for filing I-T return, applying for PAN card
Posted on 0 CommentsCategories Government Advisory, Grievance Redressal, Tax Advisory, Tax Planning
The government has proposed to make Aadhaar card mandatory for filing income tax return and also applying for permanent account...
March Is About To End, Be Prepare For Tax Related Issues
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags , ,
With hardly a fortnight left for the end of the financial year 2016-17, the March 31 deadline remains sacrosanct for...
GST-Time of Supply of Services
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
GST implementation is rapidly moving forward with the government adhering to its self- imposed deadlines. we are going to discuss...
GST: Time of Supply of Goods
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
Presently different tax laws prescribe for different taxable event which is going to be replaced by GST Laws. Under GST,...
What Is GST And Its Features?
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
The introduction of Goods and Service tax would be one of the bigger reform in the Indian economy in the...
Which Deposit is a Tax Saver: 5-Year Fixed Deposit or ELSS
Posted on 0 CommentsCategories Tax AdvisoryTags , ,
The financial year-end is drawing close. Many who’ve ignored tax planning all year long will now be panicking and looking...
How To Plan Your ITR Filling
Posted on 0 CommentsCategories Tax AdvisoryTags ,
As per section 139(1) of the Income Tax Act, 1961 in the country, individuals whose total income during the previous...
GST- ALL ABOUT CASUAL DEALER
Posted on 5 Comments on GST- ALL ABOUT CASUAL DEALERCategories All About GST, Tax AdvisoryTags
We all are aware that GST is going to implement from July 2017. Now we all are just trying to...
ELSS Fund Under Section 80C Helps You to Save Tax
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags , ,
You can save tax by investing upto Rs 1.5 lakh in equity-linked savings scheme (ELSS) under section 80C of the...
GST Implication on Textile Industries
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
Textile sectors play a very important part in the development of the Indian economy with regard to GDP, Export promotion,...
Tax exemption limit of gratuity going to be doubled
Posted on 0 CommentsCategories Tax Advisory, Tax Planning
The government's decision to raise the tax-free gratuity limit to Rs 20 lakh for non-government employees may lead to big...
If you are thinking you are paying more tax- This is for you
Posted on 0 CommentsCategories Tax Advisory, Tax Planning
When we think about making tax saving investments, the first thing that comes to mind is section 80C of Income...
What Telco’s will get from GST?
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags , ,
Telecom faces several issues under the current indirect tax regime and, therefore, the sector has high hopes from the proposed...
Check! How You Can Restructure Your Salary Package
Posted on 0 CommentsCategories Tax Advisory, Tax Planning
Yet if you have not re-designed your Salary Package , then this is the change available with you to smartly...
Four things that can impact your savings and increase tax liability
Posted on 0 CommentsCategories Tax Planning
The present burden of taxation is mainly on honest taxpayers and salaried employees.” Keeping this in view, he tried to...
How to Do Tax Planning Before Year End?
Posted on 0 CommentsCategories Tax Advisory, Tax PlanningTags ,
It is already March and soon the financial year 2016-17 will end. By this time you should have better picture...
Time Limit of Issuing Tax Invoice in GST Regime
Posted on 0 CommentsCategories All About GST, Tax AdvisoryTags ,
After a decade-long wait, India will finally implement the Goods and Service tax this will help to remove tax barriers...
Centralized Registration will exterminate after implementation of GST
Posted on 1 Comment on Centralized Registration will exterminate after implementation of GSTCategories All About GST
(GST) council is likely to retain a clause in the law that will require service providers to register in every...
GST Grant These 5 Benefits to Real Estate Sectors
Posted on 0 CommentsCategories All About GST, Tax Advisory
As we all know real estate sector is one of the fastest growing sector all over the world. But presently...
This right time to start your business ! Know how?
Posted on 0 CommentsCategories All About GST, All For Startup, Business Advisory, Cross Border Advisory, Project Funding
Are you thinking about to start your own business! check how? Recent time has witnessed a high surge in the...
Constraints on accepting 3 Lakh in cash under new section 269ST of Income Tax Act
Posted on 0 CommentsCategories Grievance Redressal, Tax Litigation
Finance Bill 2017 introduced a new Section 269ST in the income Tax Act. The new section will impose restriction on...
GST- Exclusive GST compliance List for E-Commerce Operators – Part -1
Posted on 2 Comments on GST- Exclusive GST compliance List for E-Commerce Operators – Part -1Categories All About GST
E-commerce is fast gaining traction in today’s world. In simple terms, e-commerce can be described as the conduct of any...
MISSED THE GST REGISTRATION? DON’T WORRY! YOU WOULD HAVE ANOTHER CHANCE !
Posted on 0 CommentsCategories All About GST, All For Startup, Business Advisory, Legal Advisory, Tax Advisory
Ok, Have your missed the deadlines for GST migration registration? Don’t worry! you would not be missed out! And you...
What is 200% penalty on non-disclosure of income? Lets understand!
Posted on 0 CommentsCategories Tax Advisory, Tax Planning
We are hearing a lot about 200% penalty on undisclosed income, particularly after the announcement by Hon’ble Prime Minister for...
Draft GST Rules: Things You Should Know
Posted on 0 CommentsCategories All About GST
Refund shall be granted after adjusting any outstanding demand payable by the applicant. If Proper Officer is satisfied that refund...
7 Important Points For GST Registration Under GST Modal Act
Posted on 0 CommentsCategories All About GST
The registration under SGST for the State shall mean registration under SGST and CGST for that State. IGST is the...
GST Tax Structure – Is It Really Simple?
Posted on 0 CommentsCategories All About GST
Crux is that we perceived the GST as eight lane super national highway, but it turnout to be a typical...
Birth Of GST – A Brief History
Posted on 0 CommentsCategories All About GST
Finally, after accepting the some major suggestions by Congress party, Constitutional Amendment Bill has been passed by Rajya Sabha on...
Roll Out Of GST
Posted on 0 CommentsCategories All About GST
The Government has already been started its preparations to implement the GST in terms of information technology, transitional provisions, data...
Incentives For Start-Ups In Budget 2016
Posted on 0 CommentsCategories Tax Advisory, Tax Planning
Apart from the above beneficial provisions under income-tax Act, beneficial provision in respect of payment of service tax on quarterly...
Major Highlights Of Union Budget 2016-17 Announced By Hon’ble Finance Minister
Posted on 0 CommentsCategories Tax Advisory, Tax Litigation, Tax Planning, Tax Refund
Assignment of right to use the spectrum and its transfers has been deducted as a service leviable to service tax...
Tax Benefits On Home Loans?
Posted on 0 CommentsCategories Tax Litigation, Tax Planning
Stamp duty and registration charges and other expenses related directly to the transfer are also allowed as a deduction under...
What Is House Rent Allowance( HRA) ?
Posted on 0 CommentsCategories Tax Planning
The word salary includes dearness allowance if terms of employment so provide and commission based on fixed percentage of turnover...
Some Delusions/Myths About The Tax Under I T Act, 1961
Posted on 0 CommentsCategories Tax Advisory, Tax Litigation
Normally also, if you receive a cash gift or gifts by cheque or bank draft of more than Rs 50,000...
Tax Deduction At Source (TDS) On Salary Income.
Posted on 0 CommentsCategories Tax Advisory, Tax Refund
It is the responsibility of the employer to deduct TDS on salary and deposit to government. In the case of...
What Is Form Delhi Sugam-2 In Short DS2 In DVAT?
Posted on 0 CommentsCategories Tax Advisory, Tax Planning
To facilitate business in Delhi and to prevent evasion of taxes, Delhi Government has decided to introduce a new online...
All Services By Govt To Business Entities Taxable From April 1, 2016
Posted on 0 CommentsCategories Tax Refund
Presently, services provided by Government or a local authority, excluding certain services specified under clause (a) of section 66D, are...
Penalty For Failure To Pay Service Tax As Amended By Finance Act, 2015
Posted on 0 CommentsCategories Tax Advisory, Tax Litigation
Where service tax has not been levied or paid, or has been short-levied or short-paid, or erroneously refunded, for any...
Relief To The Exporters
Posted on 0 CommentsCategories Tax Refund
World economy over last few years has been very sluggish and more so Indian economy. The impact on Indian economy...
What Is Tax Deducted At Source (TDS) On Property?
Posted on 0 CommentsCategories Tax Advisory, Tax Planning
The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50...
Interest For Delay In Payment Of Service Tax
Posted on 0 CommentsCategories Tax Advisory, Tax Litigation
Vide Notification No 12/2014-ST dated 11.7.2014, rate of interest to be charged on delayed in payment of service tax has...
E-Returns For Maharashtra Dealers Under Luxuries Tax Act, 1987
Posted on 0 CommentsCategories Corporate Litigation-All In Way, Government Advisory, Tax Advisory
e–Services offered by the Department have been welcomed by the dealers and their representatives. The Sales Tax Department has made...
All About Employee’s State Insurance (ESI) Applicability And Registration
Posted on 0 CommentsCategories Corporate Litigation-All In Way, Tax Advisory
Employee’s state Insurance (ESI) is a safe tool for social security and health insurance scheme for Indian workers. The ESI...

Latest Updates

Our Latest Updates

Intra-state e-way bill roll out in to Haryana with effect from April 20
The e-way bill for intra sate movement of goods will be applicable in Haryana from April 20. The e-way bill...
Facing issues in e-filing of income tax? Call Income tax helpline
The Income Tax Department on Monday January 1, 2018 notified a new helpline number for taxpayers who face issues while...
New slab for tax rate to be formed merging 12% and 18%
Goods and Services Tax (GST) Council would explore the possibility of merging the 12% and 18% and forming a new...
New slab for tax rate to be formed merging 12% and 18%
Goods and Services Tax (GST) Council would explore the possibility of merging the 12% and 18% and forming a new...
Senior officials with US bank accounts to be on Income tax department bull’s eye
Income Tax Department has alleged that senior officials with US bank accounts will be in bull’s eye. Tax authorities have...
Income Tax evaders to be intimated through GST Data
The government is planning to use the data obtained from Goods and Services Tax (GST) filings to footprint the income...
SEBI penalized 2 singleton for violating the AIF norms
Securities and Exchange Board of India (SEBI) penalized singleton of Rs. 30 Lakh for violating AIF norms pertaining to alternative...
Several Locations raided by Income Tax Department in Delhi NCR
Searches were conducted at over 25 locations in Delhi and the National Capital Region by Income Tax Department. These locations...
CBDT issues notification on Fraudulently revised ITR after Demonetization
The Central Board of Direct Taxes (CBDT) has issued a notification on fraudulent cases where a taxpayer has filed a...
Income tax law to be redrafted by new constituted 6 member panel
The government constituted a 6 member panel on Wednesday for redrafting the Income Tax Law in sync with the economic...
File an Appeal if your Claim gets Rejected by Accessing Officer
After demonetization, there has been cases where in the businesses or individuals have deposited huge amounts in to their bank...
Exporters who paid GST can claim for Refund This Week
From this week, exporters who paid Goods and Services Tax (GST) can claim for refunds for the month of August...
Only 70% filed accurate GST Returns for July
About 70% of the assessees under the Goods and Services Tax (GST) had filed detailed sales returns for July on...
After Demonetisation, Increase in the Number of People Who File Income Tax Returns
In fiscal year 2016-17, 2.82 million people filed income tax returns. The tax department said on Monday that the number...
Income Tax Return Filing Deadline Extended to August 5, 2017
The last date for filing income-tax returns this year has been extended to August 5. The original deadline for filing...
IT Department To Investigate Those Who Changed Returns After Demonetisation
Several steps are being taken after the ban on black money to tighten the currency. Now the Income Tax Department...
Government Raids Two City Malls to Check GST Compliance
In the first such action ever since the Goods and Services Tax (GST) came into effect, the food supplies and...
GST Council May Take Up Certain Tax Issues at August Meeting
The GST Council at its meeting next month is likely to take up taxation issues raised by sectoral bodies along...
Revised MRP Rates Released Under GST (Goods and Services Tax)
There has been a substantial confusion in the change of MRP (Maximum Retail Price) of the goods under GST. According...
Do not worry! Penalty for delay in filing returns will be applicable from 2017-18
The Narendra Modi government at the Center had said in February this year that the delay in filing an Income...
GST and Mobile Phone Bills: Impact on Post-paid and Pre-paid Users
From July 1, all the mobile phone users will have to shell out more for their mobile phone usage. The...
Companies Registration Will May Get Cancelled if they Fail to Pass GST Benefits to Consumers
Any business entity that fails to pass on benefits of lower taxes under the goods and services tax (GST) to...
GST Council's Official Website Launched
Much-awaited nation-wide tax Goods and Services Tax (GST) will be rolled out on mid-night of June 30 and will come...
CBDT Notifies Rule 10CB for Secondary Adjustments under Section 92CE of IT Act, 1961
The Finance Act, 2017 inserted section 92CE in the Income-tax Act, 1961 with effect from 1st April, 2018 to provide...
CBEC Notifies One More Category to be Exempt from Taking Registration under GST
CBEC vide Notification no. 5/2017 -Central tax dated 19th June 2017  specifies the persons who are only engaged in making...
CBEC Notifies Certain Sections of CGST Act, 2017 w.e.f. 22.06.2017
CBEC vide notification no. 1/2017 -Central Tax dated 19th June 2017 appoints the 22nd day of June, 2017, as the date...
CBDT has Constituted Special Task Force for Jurisdiction-free Income Tax Assessment System
Following the reform in indirect tax in India, “One Tax One Nation”, and Government is now proceeding towards a new...
GST Migration to be Reopened on 25th June and will Remain Open Beyond 1st July
GST registration (migration) window shall reopen on 25th June, 2017 and continue to reopen for three months and all the...
GST Council revises rates for 66 items
India's most comprehensive indirect tax reform — the goods and services tax (GST) — is inching towards a July 1...
Know! How Cement Under GST Get Cheaper?
The indirect tax structure on cement has always been a subject matter of discussion amongst industry members, Government officials and...
15th GST Meet Held to Decide Tax Rates On Gold, Textile and Footwear
Goods and Service Tax (GST) Council cleared the pending rules, including transition provisions and returns, with all states agreeing to...
GST Council meet to Finalise Gold & Textile Rates
Today GST council is going to finalise taxes to be levied on six commodities, including gold, textiles and biscuits, as...
Bank Charges & Insurance Premium Will Increase After Implementation Of GST
As we all know that implementation of GST would undoubtedly impact one’s personal finances especially when it comes to financial...
GST - A Roadmap From Tax - Evasion To Tax - Complaint
Finance Minister, Arun Jaitley said that GST to be enacted in over a month, will not only check evasions but...
CBDT Issues Clarification on furnishing Statement of Financial Transaction SFT
Section 285BA of the Income-tax Act, 1961 requires furnishing of a statement of financial transaction (SFT) for transactions prescribed under...
Flat maintenance charge would be more pricey in GST
GST regime will roll out from July 1, apartment owners have to pay about 2.5% additional tax on maintenance charges....
Income Tax Department launches Operation Clean Money Portal
The Honourable Union Minister of Finance, Shri Arun Jaitley officially launched the Portal of Operation Clean Money (https://www.cleanmoney.gov.in) at New...
Exemption from Aadhaar Quoting to Certain Individuals
Section 139AA of the Income-tax Act provides for mandatory quoting of Aadhaar for filing of return of income and for...
Here's is list of items falls under different slab rates of GST
The Goods and Services Tax (GST) Council on Thursday fixed tax rates on 1211 items, most of which likely become cheaper...
Prime Minister to count the GSTs in foreign travel to woo Investors
Prime Minister Narendra Modi can keep the words of the new Goods and Services Tax (GST) in front of the...
Banking Transaction Will Hurt More To Your Pocket From July
Transactions fees of financial services become more expensive after government may put 18% tax in the new (GST) regime. According to one...
How much tax on the product, know-rate of GST
GST Council has fixed a tax slab while stepping in to implement the new tax system. Probably, with the Goods...
No Tax Scrutiny of Big Transaction If It Matches Declared Income
If someone has recently spent any expensive thing or service or made a big investment, but according to all its...
IT Department introduces new facility to link Aadhaar card from PAN card
The Income Tax Department has introduced a new e-facility for linking PAN number with Aadhaar card. Explain that the government...
Goa assembly meet to ratify GST Bill
On Tuesday, Goa legislative assembly will sit for a special session to ratify the Goods and Services Tax (GST) Bill,...
Goods and Services Tax Network (GSTN) is carrying out a pilot test on return filing.
GSTN is conducting a pilot test on return filing. It will be a live test using 4,000 taxpayers.Once the goods...
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...
2 More Unilateral Advance Pricing Agreements Signed by CBDT
The Central Board of Direct Taxes (CBDT) entered into two more unilateral Advance Pricing Agreements (APAs) on 27th April, 2017,...
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...
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 for the period...
Suppliers of Goods/ Services in GST may be taxable as ‘casual taxable persons
Casual Taxable Person- means a person who occasionally undertakes transactions involving supply of goods/ Services in the course or furtherance...
Two Rates For Services Under GST
Government makes two slabs for services under GST, with segments such as transport facing a lower levy compared to 18%...
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...
Customs Duty on Imported Mobile Phones Hit Due To Impact of GST
The government hit customs duty on imported mobile phones after switching to the goods and services tax (GST) regime as...
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...
States asked to Pass GST bills by May-End
GST council chaired by finance minister Arun Jaitley has urged states to approve state GST laws by the end of...
E-way bills may make GST highway bumpy
Moving goods worth more than Rs 50,000 under GST will require prior online registration of the consignment and securing an...
'Operation Clean Money'-II launches by IT Department, to Probe 60,000 People
The Income Tax department will investigate over 60,000 individuals under the second phase of the ‘Operation Clean Money’ which was...
Loans, card payments above Rs 2 Lakh in cash to be shown in ITR
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post...
Consumer Goods to become Cheaper under Proposed GST Regime
As GST is on edge of applicability from 1st July 2017, everyone just try to analyse its impacts on various...
Taxpayers to be rated on GST compliance
Taxpayers registered under the new goods and services tax (GST) regime that is set to be implemented from 1 July...
GSTN WILL SEE 300CR INVOICES MONTHLY
The GST system which will be maintained by the Goods and Services Tax Network (GSTN), a not-for-profit company, is the...
Rs.1.37 lakh crore of tax avoid detected over last 3 years
Law enforcement agencies have detected Rs.1.37 lakh crore worth of tax evasion, began criminal prosecution in 2814 cases, and have...
Now, All Income Tax Department-Related Proceedings To Be Conducted Online
All Income Tax Department-related proceedings between the taxpayer and the taxman will be conducted online from the new fiscal year,...
GST council clears bulk of rules, to get ready for new tax regime
The prospects of a 1 July rollout of the goods and services tax (GST) brightened further on Friday. The thirteenth...
GST Enrolment deadline extended by one month to 30th April 2017
As a pre-requisite to shift to Goods and Services Tax (GST) Regime, every existing tax payer is required to migrate...
GST: Pooling sovereignty, promoting federalism
29 March 2017 must be recorded as one of the most significant days in the history of federalism in India....
GST: The final countdown begins
With the Lok Sabha passing four bills related to goods and services tax (GST) on 29 March, the stage is...
Amenities to employees outside CTC may trigger GST liability
An employer-employee relationship is something which is no longer the sole purview of the HR department. Under GST, which is...
Govt seeks powers to levy GST on all rental income
The government is arming itself with powers to levy goods and services tax (GST) on all rental income but is...
GST legislation enters the final lap
NDA government is poised to introduce the last batch of GST legislations this week in Lok Sabha, probably as early...
CBEC to be renamed, reorganised for GST regime
The Central Board of Excise and Customs (CBEC) will be reorganised for the implementation of the Goods and Services Tax...
Working Groups set Up By CBEC For Addressing GST Issues
The Central Board of Excise and Customs (CBEC) set up working groups to address concerns raised by trade and industry...
Petroleum under GST, will apply after states agree
Petroleum products would, however, continue to be taxed as per the current taxation regime until the GST Council agrees on...
Government removes 1% tax on cash purchase above Rs 2 lakh
The government today removed the 1% tax on cash purchases above Rs 2 lakh, after putting a limit on transactions....
Due Date Extended for filing online Quarterly DVAT Returns
The DVAT department. has further extended the due date for filing of online/ hard copy of DVAT return for Q3...
Protect tobacco farmers' interest in GST laws
Farmers' body FAIFA asked Finance Minister Arun Jaitley to protect interests of Indian tobacco farmers while formulating GST laws. The Federation...
Service contracts set to be renegotiated under GST
Some of the service contracts are set to be renegotiated under the goods and services tax (GST) framework as it...
Withdrawal of Service Tax Exemption for Educational Institutions
With the Introduction of Negative List Regime in the year 2012, all services becomes taxable except the services which are...
Tax dept app to track refunds, plans issuing PAN in real time
The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on...
GST implementaion worries small scale industries
Small scale industries of the region fear a drop in production and profitability due to subsuming excise exemptions and increased...
Due date extended for filing online quarterly DVAT Returns
  The DVAT department. has further extended the due date for filing of online/ hard copy of DVAT return for...
Biscuit makers seek exemption under GST
The inclusion of low-priced glucose and other biscuits under the proposed Goods and Services Tax regime will probably lead to shutting...
GST going to be more complicated for banks
Many banks and financial institutions may be in a lot of trouble as they could just see the complexity in...
Income Tax: Investments of up to Rs 50 lakh in specified bonds tax exempted
As per Section 50C introduced by the Finance Act, 2016, where the date of the agreement fixing the amount of...
GST- A Big rejoice for restaurants
There is a reason to rejoice for foodies. Eating out at food joints and small restaurants will become economic with...
Tamil Nadu ready for GST rollout on July 1
Tamil Nadu is ready to roll out the goods and services tax (GST) on July 1, the scheduled date, for which...
5% levy on small eateries, GST Council decides
The states and the Centre on Saturday decided on a 5% levy on dhabas and small restaurants under the goods...
Gratuity Upto Rs. 20 Lakh Relaxed From Income Tax
Private-sector employees will soon be able to withdraw up to Rs.20 lakh in tax-free gratuity after the Centre decided to...
Notification No. 08/2017-Service Tax, dated 20th of February, 2017
Central Government is satisfied that in the period commencing on and from the 1st  day of July 2012 and ending...
Government underestimated twin-balancesheet problem faced by banks, corporates
The government and its advisers may have initially underestimated the so-called twin balance sheet (TBS) problem faced by the banks...
From April 1st buying Jewellery over Rs. 2 lakh cash to attract 1% TCS
Submitted by business_centrik on 20/02/2017 Cash purchase of jewellery will attract 1% TCS (Tax Collected at source) from April 1...
Good news for tax payers: I-T department to lauch app for paying tax
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...
Operation Clean Money by Income Tax Department (ITD)
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...
Advisory to companies to furnish statement of financial transaction (SFT) to the income tax department
As per rule 114E of the income tax rules 1962, for an from 2016-17, all companies have to be furnish...
Clarifications on Indirect Transfer provisions under the lncome Tax Act. 1961
Under the indirect transfer provisions contained in section 9(1)(i) of the Income Tax Act, 1961 (‘Act’), all income accruing or...
Government Initiative of reducing deemed profits u/s 44AD of Income tax act, to promote digital payments
Exiting provision of section 44AD of the Income Tax Act. 1961-  In case of certain assesses carrying on any business...
Income tax payers receive Thank you note from Income tax department for their contribution "towards building of this great nation".
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“
CBDT amends Rule 17CA of Income tax Rules 1962 related to “restrictions on Contribution accept by electoral trust“  provide that the...