When E-Way Bill Generated:Every registered person whose movement of goods of consignment value exceeding fifty thousand rupees In relation to a supply; For reasons other than supply Due to inward supply from an unregistered person.
Students are facing problem to understand about the new ICITSS course which is applicable from 1st of July 2017. Here i am providing the summary of the Course.
Once the financial plan is created, do you need to continue your relationship with your financial planner? Will the financial plan which you created in your early life, hold good till your retirement?
The Companies (Amendment) Bill, 2016 has been passed by the Lok Sabha on July 27, 2017 as Companies (Amendment) Bill, 2017 & would be referred to Rajya Sabha for consideration and passing. There are 54, total Amendment made in Companies (Amendment) Bill, 2017. Circulated 43 amendment proposals out of which five new clauses also have […]
The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley: Bureaucrats are free to render their advice/opinion during the process of decision making. The Union Minister of Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that the bureaucrats are free to render their advice/opinion during the process of decision making. He said […]
As per the information received from the All Indian Origin Chemists & Distributors Limited (AIOCD), there is no shortage of essential drugs and smooth supplies are being maintained.
Section 254(2) of the Act refers to the period of limitation reckoning from the end of the month in which the order is passed and not from the date of ‘date of receipt of the served/ received are not interchangeable and the Legislature in its wisdom expressly used the phraselogy depending on the intention. In the instant case, the expression passed cannot be stretched to mean that the period of limitation should be reckoned from the date of receipt of the order.
Uninterrupted and seamless chain of ITC is one of the key features of GST. ITC is a mechanism to avoid cascading of taxes. Cascading of taxes, in simple language, is tax on tax. Under the present system of taxation, credit of taxes being levied by Central Government is not available as set-off for payment of taxes levied by State Governments, and vice versa.
The GST Act makes special provisions with regard to removal of goods for job-work and receiving back the goods after processing from the job-worker without the payment of GST. The benefit of these provisions shall be available both to the principal and the job- worker.
Every deposit made for tax, interest, penalty and fees shall be credited to Electronic Cash Ledger in Form- GST PMT-5.
