"04 August 2017" Archive

Income Tax E Filing Website Crashing issue – Letter to PM by a Citizen/CA on Press Release by CBDT

Since 22nd July 2017, the E filing website was crashing continuously, there was a blackout for hours. Major problem was faced since 28th July 2017. The Website even gone for maintenance frequently during this period many time...

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Posted Under: Income Tax | ,

Few Critical Issues in GST

GST is now a reality with its mega launch on the midnight of 30th June, 2017 and 1st July, 2017. With about three weeks into GST regime, there have been many teething problems and issues requiring clarity by the tax payers on taxability, tax rates and other procedural aspects. ...

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Posted Under: Income Tax |

Opening of Income Tax Offices on 05.08.2017 for receipt of returns

F.No.225/270/2017/ITA.II (04/08/2017)

For Assessment Year 2017-18, the due-date for filing of return of income in cases of certain categories of tax payers has been extended till 5th August, 2017 vide order of CBDT u/s 119 of the Income Tax Act,1961 dated 31.07.2017. ...

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Export of Services Under Letter of Under Taking or Bond

Under new GST regime Exporter has two option for making export of Services 1. Payment of Integrated Good And Services Tax (IGST ) and then claim for refund. 2. Export made under the letter of Undertaking or Submission of bond with Bank Guarantee before making Export....

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Posted Under: Income Tax |

CBI arrests a Superintendent of Central Excise in alleged bribery case

Central Bureau of Investigation has arrested then Superintendent, Range-36, Central Excise, Nehru Place, New Delhi ( now Superintendent, GST Council, New Delhi) and a Tax Consultant (private person) in an alleged bribery....

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Posted Under: Income Tax |

Service Tax on RCM basis on services provided by Advocates & by arbitral tribunal

This article discusses in detail about a query relating to the applicability of Service Tax payment on Reverse charge mechanism ( RCM) basis on services provided by Advocates and by an arbitral tribunal....

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Posted Under: Income Tax |

GST Composition Scheme for Small Traders, Manufacturers & Restaurants

Manufacturer / Service Provider / Trader whose annual turnover is below Rs. 20 Lakh* need not pay any GST and need not register. Those with annual turnover upto Rs. 75 Lakh can opt for Composition Scheme in which case the tax rates will be as follows...

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Posted Under: Income Tax |

Disclose Loan default within one working day: SEBI to listed Companies

Circular No.: CIR/CFD/CMD/93/2017 (04/08/2017)

Listed entities shall make disclosures within one working day from the date of default at the first instance of default in the format specified in Clause C1 below....

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Charter of Functions of Directorate General of GST

Office Order No. 09/Ad.IV/2017 (02/08/2017)

Charter of Functions assigned to Directorate General of Goods and Service Tax on introduction of Goods and Services Tax. Research and analysis of (a) Subjects relevant to GST; (b) Best practices in global environment; (c) Database and issues relating to collection of CGST, IGST and SGST....

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Aadhaar mandatory for Registration of Death of an Individual?

The Aadhaar number will be required for the purpose of establishing the identity of the deceased for the purpose of Death registration w.e.f 1st October, 2017....

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