To ensure implementation of GST by 1st April, 2017, Central Board of Excise & Customs (CBEC) has initiated the process of migration of its existing Central Excise/Service Tax assessees to GST from today. A 24×7 Helpdesk (Through Toll-Free number and Email) started for the purpose.
Within 10 days of its launch by the Hon’ble Prime Minister, Shri Narendra Modi, BHIM (Bharat Interface for Money) has clocked 10 million installs and over 2 million transactions across the UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data) platforms.
Tax collection figures for the period April -December 2016 show a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015 Direct Tax and Indirect tax collection figures for the period April 2016 to December 2016 have shown a positive trend as […]
Training material including user manual, help content and FAQs are available on the TPO Proceedings Module Home Page and on ITBA Portal In Online Training on ITBA.
The Engineering Table references have been corrected in SION C 172, C244, C248, C270, C271, C272, C472, C473, C1834, C1835, C1836, C1855, C1856, C1939, C1983, C1984, C2034, C2035, C2036 and C2037 and amendment in foot notes have been notified as per Para 2 above.
Even government is trying to fly the kite of GST. But before that the Maharashtra Sales tax department has brought circular for flying kite of old not submitted VAT returns. What ease (Dhil) is given in filing these old returns?
CA Priti Kachhal Let’s all welcome this Calendar Year 2017, Bringing many changes with different numerous schemes. A vast change is there in the shape of GST, Towards simplification of tax & fiscal consolidation exist. A big step also there towards cashless economy, Another major contribution changing human psychology. New calendar year has begun […]
It’s time to be back to one-day matches after scruffing it out for almost 50 days during the demonetisation cycle. The Govt. has opened up its window for disclosures of income with a 49.9% tax rate under the Pradhan Mantri Garib Kalyan Yojana
Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017.
Major Achievements of CBDT in Current Financial Year 2016-17 so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessment Year 2018-19;
