Special Refund Fortnight to be organized from 31.05.2018 to 14.06.2018 in which Center and State GST officers will strive to clear all GST refund applications received on or before 30.04.2018.
Tracking ARN for Exports now available on GST Portal The system will now give one of following status: a) Refund confirmation received from ICEGATE on <date>: This implies that the ICEGATE has completed the processing and has reverted with confirmation to the GST System. b) Refund record rejected by ICEGATE on <date> due to <error […]
The Insurance Regulator, IRDA of India has come out with another circular in furtherance to its previous Circular No. IRDAI/INT/CIR/CDB/19708/2017 dated 24.8.2017 which laid down the road map for the constitution of a Central Database of all the Licensed Insurance Sales Persons in India at Insurance Information Bureau of India (IIB), wherein the Insurance Intermediaries […]
Stakeholder engagement by the Task Force drafting the New Direct Tax Law extended by a period of three months up to June 15, 2018 The Term of the Task Force constituted to review the existing Income-tax Act, 1961 & to draft a New Direct Tax Law in consonance with economic needs of the country has […]
No change in the GST law and taxation relating to farmers since July, 2017; Support Services to agriculture, forestry, fishing or animal husbandry are exempt from GST; Agriculturists are also exempted from taking GST Registration.
Major Disaster Recovery Drill scheduled for 2nd June 2018, between 9 AM to 3 PM. Kindly note that GST System services will not be available during this time. Disaster Recovery Drill scheduled for 2nd June 2018, between 9 AM to 3 PM. Kindly note that GST System services will not be available during this time. GSTN […]
Chartered Accountants play a vital role in the financial health of an economy. CAs constitute the first layer of vigil mechanism for corporate, Government Institutions, Banking sector and various other constituents in sustaining financial system so that the financial status of a particular Institution is revealed to the public, investors who invest their hard earn savings.
Today CBDT has finally released after 55 days of start of Assessment Year 2018-19 Java Utility of ITR-6 applicable to Companies other than companies claiming exemption under section 11. It is worthy to note that CBDT is failed to release excel utility of ITR-6 and released only Java utility of ITR-6. Further in respect of […]
The order dated 5th October 2017 issued by the Asst. Registrar mentions that Your Honour has passed an order whereby he has been authorised to preside over a Court for the purpose of discharging his statutory functions as per the provisions of Income Tax (Appellate Tribunal) Rules, 1963
Net direct tax collections for 2017-18 amounted to Rs. 10.03 lakh crore, which is 18% higher than the collections for 2016-17. The robust growth in direct tax revenue in the year of demonetization and the year after that is indicative of a positive impact of various tax policies, including demonetization, on the level of tax compliance in the country.
