Services provided by Resident Welfare Associations (unincorporated body or a registered non-profit entity) to their members were hitherto exempt against contribution of up to an amount of five thousand rupees per month per member. Requests were received from several quarters to enhance the contribution limit of five thousand rupees per month per member for exemption.
It is expected and hoped that States do not raise the tax on entertainment and amusement levied by the local authorities (Panchayats/ Municipalities/ District Councils) so as to increase the tax burden on the amusement parks. This will ensure that the rate cut in GST is passed on to children.
CBEC Seeks to impose definitive anti-dumping duty on imports of Toluene Di-Isocyanate (TDI) originating in or exported from China PR, Japan and Korea RP vide Notification No. 3/2018-Customs (ADD)
IIM CALCUTTA EPBCL BATCH 02 – Effectively Manage Risks & Design Strategies for Competitive Advantage The IIM Calcutta Executive Programme in Business & Corporate Laws (EPBCL Batch 02) is delivered under technical association with VCNow. This programme delivers a holistic outlook on the business and corporate law frameworks both in national and international perspectives. The […]
Recently, following 5 new functionalities were made available on GST portal : 1. Registration: a. Form GST REG 16, application for cancellation of registration by the newly registered taxpayers, has been made available on the GST portal. b. It may also be noted that, the period for migration of taxpayers from VAT/Service Tax and Central […]
Clarifications on the announcement dated 9th January 2018 on Exemptions(s) from appearing in a paper(s) or Group of CA exams under the New Scheme of Education and Training w.e.f May 2018 examinations
The free movement of goods across India without any checkposts in between is one of the major objectives of GST. Nation-wide E-Way bill system under GST is set to be implemented from February 1, 2018.
In the present case, a perusal of reasons for initiating reassessment proceedings clearly show that they are against the sprit of provisions of section 147 of the Act. The AO has issued notice under section 148 of the Act on the directions of JCIT and CIT. The learned Members of the ITAT held that in our considered opinion the notice issued under section 148 of the Act was bad in law and the subsequent proceedings arising there from are vitiated.
1. GST rates on tailoring services reduced from 18% to 5%. 2. GST charge on Common Effluent Treatment Plant services brought down from 18% to 12%, making the cost of coloured fabric more competitive. 3. Bringing relief to exporters, no service tax will be charged on transportation charges by air and ship outside India. 4. […]
Every applicant, who intends to be appointed as director of an existing company shall make an application electronically in Form DIR-3, to the Central Government for allotment of a Director Identification Number (DIN) along with such fees as provided under the Companies (Registration Offices and Fees) Rules, 2014.
