All agency banks should keep the counters of their designated branches conducting government banking open for government transactions up to 8.00 p.m. on March 31, 2018. All electronic transactions, including RTGS and NEFT, will continue till midnight on March 31, 2018.
Seeks to Amend notification No 69/2011- -Customs, dated the 29thJuly, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i), vide number G.S.R. 593 (E), dated the 29th July, 2011.
The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961.
Services of general insurance business provided under following schemes is exempted under GST 1. Janashree Bima Yojana 2. Aam Aadmi Bima Yojana 3. Life micro-insurance product as approved by the Insurance Regulatory and Development Authority, having maximum amount of cover of two lakh rupees
The Goods and Service Tax is payable on a self-assessment basis. If the assessee pays the tax on self-assessment correctly then there will not be any problem. If there is any short payment, non-payment or wrong utilisation of input credit, then the GST authorities will initiate demand and recovery provisions against the assessee.
The first financial year of GST regime is coming to an end next week on 31.03.2018. This is also the year of transition or migration of old indirect tax regime (VAT, Service Tax, Central Excise and other taxes) into goods and services tax regime (GST).
ICAI forms Group to interact with Government on day to day basis in connection with formation of Rules of National Financial Reporting Authority
This article covers the basic provisions of GST registration, invoicing under GST, requirement of HSN code, Returns required to be filled and latest changes made in it.
The Long Title is a part of the Act and is admissible as an aid to construction. This has been held in various judicial pronouncements. It should be distinguished with the Short Title. It is a good guide regarding the object, scope or purpose of the Act. The Long Title although part of the Act is in itself not an enacting provision and though useful in case of ambiguity of the enacting provisions
Government recently issued Circular No. 33/07/2018-GST dated 23.02.2018 imposing certain conditions about utilization of transitional credits for payment of GST. My article is to highlight the issues involved in the enforceability of the instructions
