Taxpayers tiling refund application on account of supplies made to SEZ unit/ SEZ Developer, with payment of tax, has now been provided with facility to upload Statement 4, at the time of filing Refund application.
New Functionality Update: Amendment in Registration of Core fields made in GST Portal. Facility has been provided on the GST Portal to NRTP (Non Resident Taxable Persons), OIDAR (Online Information and Database Access or Retrieval), TDS (Tax Deducted at Source) & TCS (Tax Collected at Source) taxpayers for applying for Amendment in Registration of Core […]
MEF declaration received status as on 23-08-2011 can be verified at the link given below http://www.meficai.org/declarations_recieved.jsp
While 88,649 taxpayers disclosed income above Rs. 1 crore in AY 2014-15, the figure was 1,40,139 for AY 2017-18 (growth of about 60%). Similarly, the number of individual taxpayers disclosing income above Rs. 1 crore increased during the period under reference from 48,416 to 81,344, which translates into a growth of 68%.
IBBI notifies the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018 The Insolvency and Bankruptcy Code, 2016 (Code) is a modern economic legislation. Section 240 of the Code empowers the Insolvency and Bankruptcy Board of India (IBBI) to make regulations subject to the conditions that the regulations: (a) carry out the […]
On account of apprehensions by trade & industry relating to last date for availment of ITC for the period July 2017 to March 2018 & with a view to give more time for the same, the last date for furnishing GSTR-3B for Sept., 2018 is being extended up to 25th Oct.2018. Relevant Notification is as […]
GST Council Chairman requested to take up the issues on GST Website strongly with his IT team to understand all problems in details; take a SHUTDOWN of portal for 48 to 96 hours if necessary, fix all bugs, conduct exhaustive and vigorous testing of portal, resolve all tickets logged till date and make the system stake holder friendly. Full Text of the Request Letter is as follows:-
Request to extend the due date of filing of GSTR 3B for the month of September’ 2018 till 31st December 2018, so that the ITC of FY 2017-18 can’t lapsed and further to make it in tune with due date of filing of Annual Return as mentioned in provision of sec. 16(4) OR in alternate would be pleased to forward before GST Council.
This study estimates the duration of the investment cycle and examines the determinants of investment activity in India. Using the National Bureau of Economic Research (NBER) dating procedure, the study finds that the real investment rate in India followed a three-year cycle during the period from 1950-51 to 2017-18
The Institute of Chartered Accountants of India Suggestions on GST Annual Return form- September, 2018 Suggestions on Form GSTR- 9 1. General Issue : Issue A : The information in GSTR-9 , Table 4, 10 & 11 instruction indicate data “May be” taken from GSTR-1, however, table headings uses the word as declared in the […]
