In the light of demonetisation, Income Tax Department (ITD) initiated Operation Clean Money (OCM) or Swachh Dhan Abhiyan on 31st January 2017 with the objective, to create a tax compliant society through a fair, transparent and non-intrusive tax administration.
The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit container and bearing a registered brand name:
Taxpayers who have not set off their tax liability for GSTR 3B for July 2017 and have only done ‘Submit’ of their GSTR 3B, have now been given option to edit, submit and file their Returns. (Source- Tweet from @askGSTech on 22.09.2017.
The name of the company is the building block for its existence and to maintain its separate legal entity. The first clause of the Memorandum of Association of the company states the name of the company from which it is known in the Public domain. In the global business environment, restructuring and arrangements are very […]
The Income Tax Department in the Delhi region regularly conducts search/survey/verification exercises in case of suspected tax evaders to uncover concealment of undisclosed income/assets as per the law.
The central government today announced that the benefit of interest subsidy of about Rs.2.60 lakh on home loans under Pradhan Mantri Awas Yojana (Urban) will now be available for beneficiaries belonging to Middle Income Groups (MIG) fir fifteen more months beyond December this year.
We want to stop the spread of false news on Facebook. As we work to limit the spread, here are some tips on what to look out for: Be skeptical of headlines. False news stories often have catchy headlines in all caps with exclamation points. If shocking claims in the headline sound unbelievable, they probably […]
Seeks to amend Notification No. 5/2017- Union Territory Tax (Rate) dated 28.06.2017 to give effect to GST council decisions regarding restriction of refund on corduroy fabrics. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 29/2017-Union Territory Tax (Rate) New Delhi, the 22nd September, 2017 G.S.R. 1197(E).- In exercise of the powers conferred […]
(A) in the Schedule,-(i) against serial number 27, in column (3), for words other than put up in unit containers and bearing a registered brand name, the words, brackets and letters other than those put up in unit container
Seeks to amend Notification No. 1/2017- Union Territory Tax (Rate) dated 28.06.2017 to give effect to GST council decisions regarding GST rates. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 27/2017-Union Territory Tax (Rate) New Delhi, the 22nd September, 2017 G.S.R.1195 (E).- In exercise of the powers conferred by sub-section (1) of […]
