Amendments have been made in Ayat Niryat Forms (ANF) 4A, 4E, 4F, 4G, 4H & 41 of Handbook of Procedures 2015-2020 in light of implementation of GST and non-issuance of EP copies of Shipp g Bills by Customs Authorities.
Board has also decided to simplify the norms for KYC’ verification in the light of introduction of Goods & Services Tax (GST) and in view of the emphasis of government on adoption of a unified identifier.
It is important to issues the tax invoice correctly. The following items must be clearly mentioned on a tax invoice: (a) name, address and Goods and Services Tax Identification Number of the supplier;
Domestic savings and not foreign investment can take Indian economy on a 10 per cent growth path, for which Income Tax must be abolished and interest rates on Fixed Deposits be raised to nine per cent along with the reduction in the banks’ Prime Lending Rates (PLR), senior BJP leader and Member of Parliament (MP)
Q.1 Under which circumstances can a registered Taxpayer file for cancellation of GST registration? Ans: A registered Taxpayer can file for cancellation of GST registration on the occurrence of any of the following events:
Handy list for various Limits under Companies Act 2013
Political Funding- Let’s first accept that Politics is a legitimate activity, as it helps organize the life of citizens, saving them time, effort, accidents, injustices and conflicts. Otherwise, people will act and have acted in the past tribally resorting to the law of jungle, driven by instinct and arbitrariness, fighting and killing.
Income Tax Department had set up 24 dedicated Benami Prohibition Units (BPUs) under its Investigation Directorates all over India in May, 2017 to ensure swift action in respect of Benami properties.
GST being implemented in our country is a dual GST i.e. to say every supply attracting the levy will be leviable to both Central tax and State tax. So does this mean that if a taxpayer is aggrieved by any such transaction, he will have to approach both the authorities for exercising his right of appeal? The answer is a plain NO.
Question- office cafeteria is charging 18% GST stating they come under outdoor catering but what if the food is cooked within the cafeteria. Need clarification? Reply- If the activity is outdoor catering gst rate is 18%, else 5%. Classification depends on the nature of business. @askGST_GoI office cafeteria is charging 18% GST stating they come […]
