E-Returns Filed by the Individual Tax Payers There has been a growth in the number of e-Returns filed by the individual tax payers during the last four years. The number of income-tax returns filed and the annual growth rate during the last four financial years are as under: Financial Number of Income Tax Returns Growth […]
Suspected GST Evasion amounting to Rs. 12766.85 has come to the light till the month of November, 2018. An amount of Rs. 7909.96 Cr. has been recovered during the period April 2018 to November 2018. The State-Wise details of detection of GST Evasion cases and recovery are as under:
Under section 14 of the Customs Act, 1962, Central Board of Indirect Taxes and Customs (CBIC) notifies the rate of exchange for the purpose of conversion of foreign exchange to Indian Rupees and vice versa for assessment of imports & exports.
The Government of India vide its Order No. 1/2018 – Central Tax dated December 11, 2018 has issued an order for extension of due date for filing of annual return i.e. Form GSTR-9 to March 31, 2019. Further it also states that the electronic system for furnishing of Annual Return i.e. Form GSTR-9 is likely to be […]
Gross collections at Rs. 6.75 lakh crore which is 15.7% higher than the gross collections for the corresponding period of last year The Provisional Figures of Direct Tax Collections up to November, 2018 show that gross collections are at Rs. 6.75 lakh crore which is 15.7% higher than the gross collections for the corresponding period of last year. Refunds amounting […]
The Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlining the National Pension System (NPS). Enhancement of the mandatory contribution by the Central Government for its employees covered under NPS Tier-I from the existing 10% to 14%.
Opportunity to Join Online GST Certification Course by TaxGuru, Govt. of India (Ministry of M.S.M.E) & GST Professionals – January 2019 Batch- Starting from 20th January’ 2019. Due to overwhelming response and feedback from previous batches, TaxGuru, GST Professionals and Govt. of India (Ministry of M.S.M.E) announces its Jan’ 2019 Batch for Advanced Online GST […]
JOIN 4 day GST Practitioner Advanced Certified Training course of Ministry of M.S.M.E. at Cochin, Agra, New Delhi, Mumbai, Noida, Kolhapur, Chennai, Coimbatore, Indore, Jaipur, Hyderabad, Bangalore, Kolkata, Goa, Gurgaon, Trichy, Pune in December 2018 and January 2019 starting from 15th December 2018. BROCHURE FOR GST PRACTITIONER ADVANCED CERTIFIED TRAINING ORGANISEED BY MSME – TECHNOLOGY […]
is brought to the notice of buyers of constructed property that there is no GST on sale of complex/ building and ready to move-in flats where sale takes place after issue of completion certificate by the competent authority. GST is applicable on sale of under construction property or ready to move-in flats where completion certificate has not been issued at the time of sale.
New Functionality update on GST Portal: Appeal against the Advance Ruling given the Authority, Filing of Monthly Refund applications by Quarterly Return filers now available on GST Portal, Preparation of Form GST APL-01 by GSTP, on behalf of taxpayer. Appeal against the Advance Ruling given the Authority Once an advance ruling is issued by the […]
