Notification No. 93/2017-Customs Seeks to impose 30% Basic Customs Duty on Chana (Chickpeas) and Masoor (Lentils) by amending Notification No. 50/2017-Customs, dated the 30th June, 2017
ICSI- HIGHLIGHTS / COMPLETE ANALYSIS OF THE COMPANIES (AMENDMENT) BILL, 2017 The Companies (Amendment) Bill, 2017 is passed by Lok Sabha and Rajya Sabha on 27th July 2017 and 19th December, 2017 respectively. It shall come into force on getting the President’s assent. The amendments under the Companies (Amendment) Bill, 2017, are broadly aimed at: […]
1. What is Table 6A of FORM GSTR-1? Table 6A of FORM GSTR1 is a table of GSTR-1 – Outward Supplies Statement of the Supplier, which an exporter desiring refund of taxes paid on exports or ITC related to exports is required to furnish on the GST portal. He has to declare the details of export invoices in this table.
To my mind, one of the reasons for which people prefer to work for the government is that there is absolutely no responsibility & accountability in the system. You may commit blunders, which can bring down the nation as a whole but then nobody can pin you down for failures. One such case is that […]
GSTR3B Nil Return Filing: So far there was no provision to file NIL Form GSTR 3B Return. All taxpayers were shown all tiles along with Payment tile. But in new implementation, in case a taxpayer selects option to file Nil GSTR 3B return, they can straightaway file NIL Return. GSTR3B Return filing based on Questionnaire: […]
The Government has taken several measures to effectively control and curb the prevalence of parallel economy and unaccounted transactions. Major steps in this regard constitute:- 1. Enactment of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 w.e.f. 01/07/2015 to more effectively tackle the cases involving black money stashed abroad.
There have been complaints that, when an Aadhaar holder visits the telecom service provider for verifying his mobile number with Aadhaar, Airtel is opening his payment bank account and putting that bank account on NPCI’s APB mapper overriding the existing bank account mapping without the informed consent of the Aadhaar holder.
Question 1: services in the nature of license fees obtained from outside India, Is RCM applicable om this?? Answer: The query is not clear. However if it is import of services, RCM is applicable. Refer Notfn., 10/2017-IT Rate. dated 28.6.2017. Question 2: One of my client having itc 39 lak he is doing a business of textiles […]
Employers need to deduct taxes from the salaries of their employees every month. To save these taxes, employees submit investment declarations through which they claim allowances and deductions. So, before deducting taxes, an employer computes the taxable income of his employees based on these declarations.
Question 1: Mai mere buyer Jo ki intra state hai, aur SEZ mai business karta hai usko IGST charge karke regular rate se invoice raise karta hoo, but Jab wo mujhe bill ke against payment karta hai tab GST ki amount less karke payment karta, Is it right or wrong? Answer: You can claim refund […]
