In the third article of the series on GST, we will tell you about GSTN. The Goods and Services Tax Network (GSTN) is a not-for-profit, non-government company promoted jointly by the Central and State Governments, which will provide shared IT infrastructure and services to both central and state governments including tax payers and other stakeholders.
In the fourth article of our series on GST, we will explain the situations under which registration under GST is mandatory. As you will recall from the previous articles, under GST as a general rule, a person whose turnover exceeds Rs.20 Lakhs (10 Lakhs in special category states) need to take registration under GST.
Hello… as you must have read by now in our previous articles, GST is all about simplifying the complicated maze of the indirect tax structure, rates, administration and compliance requirements. Let us see how GST goes about simplifying the complicated structure which it replaces.
The undersigned is directed to refer to the above mentioned subject and to state that in exercise of the powers conferred by rule 33(1) of the Legal Metrology (Packaged Commodities) Rules, 2011, the Central Government hereby permits the manufacturers or packers or importers of pre-packaged commodities to declare the changed retail sale price (MRP)
Order No. 113 of 2017 The following postings / transfers in the grade of Commissioner of Income Tax are, hereby, ordered with immediate effect and until further orders:-
The annual membership fee and certificate of practice fee for the year 2017-2018 has become due for payment w.e.f. 1st April, 2017. The last date for the payment of fee was 30th June, 2017 which has now been extended upto 31st August, 2017.
In the Income-tax Rules, 1962 (hereafter referred to as the Principal rules), in rule 29B, in sub-rule (1), clause (i), for the words interest on securities the words and brackets and figures interest on securities (other than interest payable on securities referred to in proviso to section 193) shall be substituted.
I wish you a very happy CA Day. On 1st July 2017, our Institute will complete 68 years of its glorious journey of excellence. Analysing the importance of accountancy profession visà- vis economic development, an IFAC study has mentioned: Accountants play an important public interest role
1. (1) These rules may be called as Securities Contracts (Regulation) (Third Amendment) Rules, 2017. (2) They shall come into force on the date of their publication in the Official Gazette.
Please refer to the Master Circular DCM(NE)No. G-1/08.07.18/2016-17 dated July 18, 2016 containing instructions on the facility for exchange of notes and coins. A revised version of Master Circular on the subject is annexed for your information and necessary action.
