GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. GST rates for certain goods like textile, footwear, biris, precious metals, etc. are yet to be decided by the GST Council.
Statement of Financial transactions (SFT) should be filed by all reporting persons covered under Rule 114E of Income-tax Rules, 1962. Due date for filing the same in Form 61A is 31 May 2017.
Council has broadly approved the rates of GST Compensation Cess to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes.
We have opportunity coming in the form of GST and I know you all are well prepared for GST. GST Also brings a concept of GST Practitioner for those who intend to appear before the GST Authority for any matter. The following article discusses the eligibility criteria, relevant forms, procedure etc.
GST rates and slabs decided on 18th May 2017. Outcome of GST Council’s meeting held at Srinagar on 18Th May 2017.
For all business entities; Input Tax Credit, its availment and use is a key focus area. It is because the amount of Input Credit available is equivalent to hard cash.
Every company is mandated to send Form 16 to all your employees.The FORM 16 GENERATOR is a tool which simplifies an employer’s efforts to generate Form 16s for all their employees.
There are multiple returns under the GST regime. The most common used return will be GSTR 1, 2 ,3, 4 & 9. GSTR 1, GSTR 2 & GSTR 3 will be submitted by all businesses on a monthly basis. GSTR 4 is submitted on a quarterly basis and GSTR 9 on an Annual Basis.
जी.एस.टी. को लेकर हमने जो हिन्दी में आपको लेख भेजे और इसके अतिरिक्त हमने जो ऑडियो सीरिज प्रारम्भ की है उसके बाद हैं कई सवाल प्राप्त हुए है जिनके जवाब आम करदाता के लिए जानना इसलिए जरुरी है क्यों कि इन भ्रांतियों के साथ यदि करदाता जिनमें लाखों की संख्या में छोटे एवं मझोले करदाता भी शामिल है यदि असमंजस और भ्रांतियों के साथ जी.एस.टी. में जायेंगे तो वे भी कठिनाई का सामना करेंगे और यदि असमंजस और भ्रम की स्तिथी में करदाता रहे तो उन्हें जी.एस.टी. की प्रक्रियाएं और भी कठिन लगेंगी.
This document presents the strategy and current status of Operation Clean Money. It intends to explain the Income-tax Department’s approach to verification of cash deposits as a means to promote and enhance voluntary compliance. It also contains a section on the different modus operandi adopted by tax evaders as observed and documented by the Department for future use and guidance.
