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Archive: 08 June 2017

Posts in 08 June 2017

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 6546 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

FAQ on Import, Export & Refund Under GST

June 8, 2017 37137 Views 8 comments Print

How to manage export under GST? Export of goods from India attracts NIL rate of GST. If GST is paid at any point of time against exports from India can be either refunded or can be exported under bond without paying GST.

Summary of conditions for availing ITC under GST

June 8, 2017 14916 Views 1 comment Print

1. Goods/ services are received. 2. Invoice for the goods/ Services received 3. GST is actually paid by the supplier. 4. Return showing Supply is furnished by the Supplier 6. If goods are received in lots – Full ITC shall be allowed only when last lot is received

Secret reference fees paid by diagnostic centre to Doctors is liable to TDS

June 8, 2017 5292 Views 0 comment Print

he payment made by the assessee as referral fees is directly proportionate or percentage of an amount received by the assessee for providing CT scan and MRI scan and such payment comes within the term ‘Commission or Brokerage’.

CBDT notifies Form no. 26QC for payment of TDS on rent u/s 194IB and Form No.16C for TDS Certificate

June 8, 2017 34503 Views 0 comment Print

Every person responsible for deduction of tax under section 194-IB shall furnish the certificate of deduction of tax at source in Form No.16C to the payee within fifteen days from the due date for furnishing the challan-cum-statement in Form No.26QC under rule 31A after generating and downloading the same from the web portal specified by the Principal Director General of Income-tax (Systems)or the Director General of Income-tax (Systems) or the person authorised by him.

Rejection of C Forms without giving opportunity to Rectify Defects is invalid

June 8, 2017 7488 Views 0 comment Print

Before rejecting the C-Forms as containing discrepancies, the revisional authority should have returned the C-Forms and given an opportunity to the dealer to rectify the defects.

No Penalty on Income bonafidely disclosed during Scrutiny

June 8, 2017 6573 Views 0 comment Print

In the present case, the assessee has disclosed all the particulars before completion of the assessment u/s 143(3), though the details were filed in the scrutiny proceeding.

CIC directs CBDT to educate concerned officials about RTI Law

June 8, 2017 1632 Views 0 comment Print

Commissiono instructs CBDT to convene periodic conferences/ seminars to sensitise, familiarise and educate the concerned officials about the relevant provisions of the RTI Act, 2005 for effective discharge of its duties and responsibilities.

MVAT: Computerized Desk Audit (CDA) for the period 2014-15

June 8, 2017 5052 Views 0 comment Print

The department has now generated Computerized Desk Audit (CDA) reports for the period 2014-2015 after analyzing electronic data pertaining to e-Returns, audit reports in form e-704 and annexures thereof uploaded by all the dealers. The CDA for this period has resulted into -findings of likely tax liability in respect of some of the dealers. The CDA findings for this period are available through dealers’ access on the web site www.mahavat.gov,in and also dealers can submit compliance electronically. The dealer will not be required to visit the sales tax office for audit period if he agrees with the findings of the CDA and pays tax as per CDA along with applicable interests.

Recording of PPO No. in passbook of Pensioners / Family Pensioners

June 8, 2017 987 Views 0 comment Print

As you are aware, it has been decided to record the PPO number in all the pension passbooks of the pensioners/family pensioners issued to them. This is to alleviate the difficulties reported by pensioners/family pensioners to get duplicate Pension Payment Orders (PPO) in case of missing of original PPO, transfer of pension account from one bank/branch to another bank/branch, commencement of family pension to spouse or dependent children after the death of pensioner, etc. in the absence of ready availability of PPO numbers.

Definition of International Worker under EPF scheme 1952

June 8, 2017 13677 Views 0 comment Print

An Indian employee will be treated as International Worker only when (i) he has worked or is going to work in a foreign country with which India has entered into Social Security Agreement and (ii) he is eligible to avail the benefits under a social security programme of the said foreign country.

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