Daily Archive: Tuesday, August 1, 2017
Recovery of undisclosed income post demonitization Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:47 IST Recovery of undisclosed income post demonitization With a view to curbing financing of terrorism through the proceeds of Fake Indian Currency Notes (FICN) and use of such funds for subversive activities
Increase in number of Income Tax payers after demonetisation Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:45 IST Increase in number of Income Tax payers after demonetisation The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 crore
Duplicate and Fake PANs identified and deleted or de-activated by the Government. 11,44,211 PANs identified as duplicate and 1,566 PANs identified as Fake Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:46 IST Mandating Aadhaar linkage to PAN cards Permanent Account Number (PAN) is the key identifier
Section 68 not attracted to amount representing credit purchases. Findings of ITAT upheld by High Court ABCAUS Case Law Citation: ABCAUS 2012 (2017) (08) HC The respondent assessee was a Government Contractor in the business of road construction. His return of income was selected for scrutiny and the
Exemption under GST for small businesses. No GST Registration required for turnover up to Rs. 20 lakh, Composition scheme provided for benefit of small business Press Information Bureau Government of India Ministry of Finance 01-August-2017 17:44 IST Reduction/exemption of tax rates under GST for small businesses The Government has
GST FAQ Food Processing under Sectoral Series issued by CBEC GST FAQ: Food Processing Question 1: If I have multiple manufacturing units in a State/UT, do I have to register all my companies separately or as a group? Answer: You shall be granted a single registration in the State/UT.
GST FAQ E-Commerce under Sectoral Series. CBEC has issued a FAQ containing 25 Question and Answers under GST Sectoral FAQ Series GST FAQ E-Commerce under Sectoral Series Question 1: What is Electronic Commerce? Answer: Electronic Commerce has been defined in Sec. 2(44) of the CGST Act, 2017 to mean