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Overview of Changes in ITR forms notified for A.Y. 2017-18

April 1, 2017 15009 Views 1 comment Print

Simplified One Page ITR 1 has been notified. For Individuals, Aadhar Card Number/ Enrolment ID is compulsory where Person is eligible for Aadhar Card. Specific Column for Showing Cash Deposits during 09.11.16 to 30.12.16. ITR 1 can only be used where total income does not exceed Rs. 50 lakhs

e-filing ST-3 / STC Return Utility for October 2017 to March 2017 available

April 1, 2017 15974 Views 0 comment Print

Utilities for e-filing Service Tax Returns (ST-3 & ST3C) for the period October, 2016-March, 2017 are now available in both offline and online version. The last date of filing the ST-3/ST3C return for the said period is 25th April, 2017. To avoid congestion and inconvenience in the last minute, all assesses are requested to file […]

Download Taxation Laws (Amendment) Bill, 2017 As introduced in Lok Sabha

April 1, 2017 5460 Views 0 comment Print

THE TAXATION LAWS (AMENDMENT) BILL, 2017 A BILL further to amend the Customs Act, 1962, the Customs Tariff Act, 1975, the Central Excise Act, 1944, the Finance Act, 2001 and the Finance Act, 2005 and to repeal certain enactments.

Anti-profiteering Provisions under CGST Bill, 2017

April 1, 2017 3390 Views 2 comments Print

Clause 171 of CGST Bill 2017 provides that it is mandatory to pass on the benefit due to reduction in rate of tax or from input tax credit to the consumer by way of commensurate reduction in prices.

Cabinet Approves changes to Motor Vehicle (Amendment) Bill 2016

April 1, 2017 1158 Views 0 comment Print

Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the changes to the Motor Vehicles (Amendment) Bill, 2016. The Bill will be introduced in the Parliament.

Cabinet approves moving of Companies (Amendment) Bill, 2016

April 1, 2017 1980 Views 0 comment Print

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to move official amendments to the Companies (Amendment) Bill, 2016. The Bill will be introduced in the Parliament.

Changes in Customs Act, 1962 – Proposed in Finance Bill, 2017

March 31, 2017 8115 Views 0 comment Print

Kind reference is invited to proposals in the Finance Bill, 2017 relating to amendments in sections 46 and 47 of the Customs Act, 1962.These changes would come into effect upon enactment of the said Finance Bill.

ICSI Revises Fees for Members w.e.f. 1st April, 2017

March 31, 2017 1368 Views 0 comment Print

Revision in the Annual Membership fee, Entrance Fee and Certificate of Practice fee for Associate and Fellow Members w.e.f. 1st April, 2017 The Council of the Institute has decided revision in Annual Membership fee, Entrance fee and Certificate of Practice fee for Associate and Fellow Members w.e.f. 1st April, 2017, as under: Particulars Associate Fellow […]

730 Million Internet Users are Anticipated in the Country by 2020-NASSCOM

March 31, 2017 570 Views 0 comment Print

Government has said that due to fast adoption of digital technology, it is expected that number of internet users will increase in country. National Telecom Policy-2012 envisages 600 million broadband connections by year 2020 at minimum 2 Mbps download speed.

Ms. Vanaja N. Sarna, IRS appointed as Chairman CBEC

March 31, 2017 993 Views 0 comment Print

Ms. Vanaja N. Sarna, IRS (C&CE:1980) presently holding the charge as Member (Administration), has been appointed as Chairman, Central Board of Excise and Customs (CBEC). She is taking over on superannuation of Shri Najib Shah, IRS (C&CE:79) today i.e. 31.03.2017.

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