In a major impetus to promoting sports in the country, the GST Council in its 23rd meeting held at Guwahati on 10th November, 2017, has exempted the import of specific sports goods by sports persons of outstanding eminence from the ambit of Integrated Goods and Services Tax (IGST).
With the approval of the Competent Authority, an updated Harmonized Master List of Infrastructure Sub-sectors (Annexure-I) is hereby notified. The new list incorporates the following change to the notification dated 17th October, 2017:
We have written load of things about the problems due to the way GST implemented without any preparation or foresight. By the time we understand a provision it changes to some new fatwa
Order No. 196 of 2017- President is pleased to appoint following Income Tax Officers, presently posted in region shown against their names, in the grade of Assistant Commissioner of Income Tax (ACIT) on ad-hoc basis for the vacancy year 2016-17 in the Level 10 in the pay matrix Rs. 56100-177500/-
For the uninitiated, GST is an acronym for Goods and Services Tax. It is a tax reform introduced in July 2017. It is an indirect tax that applies to the entirety of India, replacing several cascading taxes imposed by India’s central and state governments. Introduced as The Constitution (One Hundred and First Amendment) Act of […]
The first major tax reform i.e., implementation of VAT from January,2018 in UAE is going to be a game changer. To keep the members and other stakeholders abreast Indirect Taxes Committee of ICAI has launched Standardized PPT on “Vat in the UAE” for the benefit of members and other stakeholders. In this standardized PPT attempts […]
The appellant contended therein that it had issued shares on a premium which, according to them, was a part of the capital employed in their business. The appellant, therefore, contended that it was on this basis it claimed the said deduction and was, therefore, entitled to claim the same under Section 35D of the Act.
A. List Of Goods On Which GST RATE RECOMMENDED FOR REDUCTION FROM 28% TO 18% B. LIST OF GOODS ON WHICH GST Rate Recommended For Reduction From 28% To 12% C. Goods Recommended To Be Retained At 28% GST RATE:
New version of GSTR-2 offline tool is available on GST portal now. You can use this tool to export data of GSTR-2 from Tool to Excel. This will also help you in comparing data with purchase register to take actions like accept, reject and modify for receiver.
Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017 Return Filing a) The return filing process is to be further simplified in the following manner: i. All taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018. […]
