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Formula for computing Tax Effect where income computed u/s 115JB or 115JC . CBDT modifies circular 21/2015

Author: | Categories: Income Tax No comments
Formula for computing Tax Effect where income computed u/s 115JB or 115JC . CBDT has modified the circular no. 21/2015 related to computation of tax effect for appeal purpose. F.No.279/Misc-142/2007-ITJ-(Pt)  Government  of India Ministry  of Finance Department of Revenue Central Board of Direct Taxes ***** New Delhi, the 15th

Revised Tax Audit Report Form 3CD for AY 2017-18 in Excel applicable from 19-07-2017

Author: | Categories: Income Tax No comments
Revised Tax Audit Report Form 3CD for AY 2017-18 in Excel reflecting effect of adjustments and disclosures on account of ICDS notified u/s 145(2) and more details of loan/deposits/advances u/s 269SS, 269T effective from 19th July, 2017 CBDT vide Notification No. 88/2016-Income Tax dated 29th September, 2016 has modified the

Sale of old jewellery to jeweller not liable to GST under RCM-Further clarification

Author: | Categories: GST No comments
Sale of old jewellery to jeweller not liable to GST under RCM-Further clarification Further clarification on tax in reverse charge on gold ornaments. Sale of old jewellery by an individual to a jeweller will not make the jeweller liable to pay tax under reverse charge mechanism on such purchases

GST-Change in MRP on unsold stock of pre-packaged goods by manufacturers or packers or importers.

Author: | Categories: GST No comments
GST-Change in MRP on unsold stock of pre-packaged goods by manufacturers or packers or importers. Revised price stickers may be affixed GST-Change in MRP on unsold stock  Ministry of Consumer Affairs, Food & Public Distribution 04-July-2017 18:20 IST Department of Consumer Affairs allows change in MRP on unsold stock

GST Important dates for compliances- filing of various returns

Author: | Categories: GST No comments
GST Important dates for compliances- filing of various returns Important dates under GST Aug 20th GSTR-3B for July 2017 Sep 20th GSTR-3B for August 2017 Sep 5th GSTR-1 for July 2017 Sep 10th GSTR-2 for July 2017 Sep 20th GSTR-1 for August 2017 Sep 25th GSTR-2 for August 2017

Exemption from excise and custom-On the eve of GST roll-out Govt. has issued several consequential notifications

Author: | Categories: Custom, Excise, Excise/Custom, GST No comments
Exemption from excise and custom-On the eve of GST roll-out, the Government has issued several consequential notifications granting exemptions from Central excise and customs. S.No. Ministry / Organization Notifications Issue Date Download 1 Ministry of Finance Notification No. 27/2017–Customs 30-Jun-2017 2 Ministry of Finance Notification No. 18/2017-Central Tax (Rate) 30-Jun-2017 3

Auditors rotation in private limited companies paid up share capital limit increased to Rs. fifty crores from Rs. 20 crores

Author: | Categories: Companies Act No comments
Auditors rotation in private limited companies paid up share capital limit increased to Rs. fifty crores from Rs. 20 crores as per section 139(2). Amendment in Rules Paid-up Share capital limit increased for auditors rotation in private companies  MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd June, 2017
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