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News on no free services by banks from 20th January is fake-Finance Ministry According to news in circulation in social media, from 20th January, 2018 Banking Regulations are going to change resulting in discontinuance of various free services. The viral news created a confusion in the public The …
No Extension of Due date for filing GSTR-1. Notification in circulation is fake. The last date for filing of GSTR-1 for quarter July-Sep, 2017 (taxpayers having turnover upto Rs. 1.5 cr) and for months Jul-Nov, 2017 (taxpayers having turnover above Rs. 1.5 cr) is today, i.e. 10-Jan-2018. However …
CA May 2018 Exams Exemptions from appearing in a paper or Group under New Syllabus/Scheme of Education and Training ICAI has implemented the new Scheme of Education of the CA course with effect from 1st July 2017. The Examinations at various levels under the New Scheme of Education …
Assessment made without notice u/s 143(2) where ITR-V not received within 30 days can not be sustained. The extended period of 120 days for sending ITR-V validated the returns originally filed-High Court Prelude: Under the Income Tax Act, 1961 (the Act) section 139D empowers the CBDT to make rules …
GST Concept & Status as on 01-01-2018 and Power Point Presentation by CBEC The introduction of Goods and Services Tax on 1 st of July 2017 was a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and …
No need to upload scanned PAN Card copy at the time of PF registration of establishment as details can be verified directly from Income Tax Department Currently at the time of P.F. registration of an establishment with EPFO, the employer is required to upload digitally signed copy of …
Requirement for completion of Advanced ICITSS course and the Advanced IT Test for eligibility to appear in CA Final exam under Old/New Syllabus Note: ICAI Advanced ICITSS-Advanced IT Test scheduled on 19.08.2018 in Kerala has been cancelled due to floods Read More >> ICAI Announcement January 9, 2018 Clarifications …
Taxpayers guide on claiming Input Tax Credit and ITC-01-Six FAQs 1. What is GST ITC-01? Registered person who is entitled to claim credit of input tax under section 18 (1) is required to file a declaration in Form ‘GST ITC-01’. The credit may be availed for inputs held …
GST on College Hostel Mess canteen Fees-Clarifications. Supply of food or drinks taxable at 5% without ITC whether canteen is outsourced or not CBEC has clarified the queries seeking clarification regarding the taxability and rate of GST on services by a college hostel mess. According to the Circular …
Special Audit u/s142-2A relying upon the audit Reports of CAG without recording detailed reasons not sustainable. Order passed must show independent application of mind to the material on record-High Court Prelude: Section 142(2A) of the Income tax Act, 1961 (the Act) contains the provisions regarding powers of the …
