While there is no single, internationally-agreed definition, typically, the black economy refers to people who operate entirely outside the tax system or who are known to tax authorities but deliberately misreport their tax (and superannuation) obligations. The black economy can also include those engaged in organised crime, including those who engage in the production and sale of prohibited goods.
For many purposes like registration of licence, provisional release of consignments, to get exemption benefit etc. , Customs is required to verify and confirm legitimacy of Bank Guarantee/Certificate/LUT issued with issuing Bank/concerned Central Excise authority /issuing authority etc. In most of the cases, officers are verifying the veracity of these documents with concerned authority either by post or by fax. However, it is seen that in most of the offices, officers do not have fax facility and verification through speed post takes longer time for verification.
Extension of Last Date for Submission of Application Form for Financial Assistance from Chartered Accountants’ Students Benevolent Fund (CASBF)
Assessee can deposit his unaccounted cash into bank and declared it as a current year’s income in next year’s tax return i.e. next Assessment year 2017-18.
Insolvency is possibly most demanding career option a professional can undertake. It is certainly one of most challenging, involving and rewarding.
जी.एस.टी. को लेकर भारत सरकार के प्रशासनिक प्रयास तेज हो चुके है और विभिन्न राज्यों के डीलर्स का जी.एस.टी. नेटवर्क पर रजिस्ट्रेशन कार्य प्रारम्भ हो चुका है.
Goods and Services Tax Network (GSTN) has been assigned the task of collection of data of existing taxpayers under indirect taxes for their smooth transition from VAT to GST regime. GSTN will seek the details under the provisions of Proposed Model Goods and Services Tax Act (GST Act).
SWOT analysis assist an organization for better future. It is overall evaluation of company’s strengths, weaknesses, opportunities & threats.
Article Compares Provision Regarding Composition Scheme under Current U.P VAT Act, 2008 VS Model GST Law Regime
Supervisors can view the grievances pertaining to them or their underlying sub-ordinates directly from control register through the search filters for PCCIT/PDGIT, CCIT/DGIT, PCIT/PDIT, Range and AO as applicable within their hierarchy.
