Now the next & the most significant question is how to determine the PLACE where the Supply is being made i.e. which place shall be assumed to be the location of supplier of Goods or Services and what place shall be assumed to be the location of the Recipient of goods or Services.
The CA professionals really should engage themselves into business planning not only doing Audit/Accounting work, beyond this their contribution is required to integrate all the departments in one pool to identify the contribution on spending every single rupees.
List of documents required for registration under 1. MVAT Act, 2002-FORM 101 2. CST Act, 1956-CST FORM A 3. Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 4. Maharashtra Tax on Luxuries Act, 1987 -Luxury- FORM 4 5. Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002- Entry Tax FORM 1
Last date of online filing of MEF 2016-17 is extended from 10th September, 2016 to 20th September, 2016 and the last date of submission of duly signed declaration has been extended from 20th September, 2016 to 30th September, 2016.
The Ministry of Finance, Department of Revenue has formed a Standing Committee on TDS. The Committee aims at exchanging ideas on enhancing voluntary compliance of TDS / TCS and at the same time strengthening partnership with tax practitioners and tax deductors / collectors and third party partners, promoting education and awareness of TDS/TCS provisions amongst the deductors / collectors & tax payers and minimizing scope for grievances.
