Goods and Services Tax : All about Penalties under GSTArticle discusses Penalties under GST regime for failure to furnish returns i.e. details of Outward s...
Service Tax : File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000 - Under the existing scheme of law, Rule 7 of t...
Service Tax : Finance Act 2015 has drastically amended the penalty provisions under the Finance Act 1994 (Service Tax law) in order to ensure no...
Service Tax : he main provision of penalty is covered under Section 76 & 78 of the Finance Act, 1994. These sections have been amended by Financ...
Service Tax : Section 70 (1) late fee for delay in filing the return- If Half-yearly Service Tax Return (ST-3 / ST-3A) is filed after the due da...
Income Tax : A letter is doing round on Social Media which is written on behalf of All Professionals, Tax Payers and Stakeholders in which A ...
Income Tax : The Uttar Pradesh Tax Bar Association has made a Representation for Extension of time for filing Income Tax Return and for Income ...
Income Tax : Vyyapaar Mandal Association, Nagore & All India MSME and Tax Practitioners Association (AIMTPA) has made a representation to F...
Goods and Services Tax : Karnataka State Chartered Accountants Association requested For Relief from Late Fees for Delayed Filing of GST Statements / Retur...
Service Tax : He said, the second significant change is in respect of penalty provisions vide Sections 73, 76 and 78. These provisions have been...
Service Tax : CESTAT Chennai has quashed penalties in a tax dispute case. Details of the case and the impact of pending constitutional validity ...
Taxes are a major source of revenue for any country to fund the government expenditure and welfare of the society. In fact, they have been called the building block of civilization . In due course of time taxes started being levied on income, wealth ,sale of goods , provision of services etc. mainly to pay for increasingly more expensive defense efforts and for a modern welfare state. The emphasis is shifting progressively to voluntary compliance of tax laws.
