Bank Branch Auditors Empanelment (MEF 2017-18): Last Date Extended to 25 Aug.
ICAI’s MEF 2017-18 is live now. Members holding full time CoP/ firms, as on 1 Jan. 2017, can fill/ apply by visiting the MEFICAI website. Last date for submission …
Updates
CBEC Explains various Aspects of GST in Hindi (Registration, Returns, TDS, etc.)
CBEC Explains provisions relating to Registration, Returns, Refunds, Tax Recovery, Maintenance of Accounts/ Records, Advance Rulings, Imports, Job Work, Mixed/ Composite Supplies, TDS Mechanism, etc. under the GST along …
CBEC Clarifications on Furnishing of Bond/ Letter of Undertaking (LUT) for Exports
CBEC has clarified various issues relating to furnishing of Bond/ Letter of Undertaking (LUT) in connection with Exports under the GST Regime, as confusions were prevailing among the exporters …
GST Reverse Charge- Registration, ITC, Time of Supply, Compliance: CBEC’s Overview
Reverse Charge Mechanism (RCM) under GST: An Overview by CBEC (All about the Applicable Provisions relating to Registration, ITC, Time of Supply, Compliance, etc. in respect of Supply of …
PMVVY: Govt. backed LIC’s Pension Scheme to Secure Old Age Interest Income (60 or Above)
Govt. has launched a pension scheme for 8% secured income of elderly people (i.e. during old age of 60 or above) named as the ‘Pradhan Mantri Vaya Vandana Yojana …
GST Return Due Date Extended for July-August 2017: CBEC Notification
The CBEC has notified extension of GST Return due dates for July 2017 and August 2017, as relaxation for initial 2 months of GST implementation. However, taxes are payable …
GST Council Recommends Max Cess Increase from 15% to 25% (Motor Vehicles)
The GST Council has recommended Central Govt to make legislative changes for increasing Maximum Ceiling of Compensation Cess Leviable on Motor Vehicles (Falling Under Headings 8702 and 8703) from …
Substantial Increase in ITR Filing (25%) and Income Tax Collection: CBDT
The CBDT has issued a Press Release indicating substantial increase in number of ITRs filed (24.7%) and direct tax collection figures as on 5 Aug. 2017 as against the …
13 Decisions taken in 20th GST Council Meeting held on 5 Aug. 2017
The CBEC has published list of decisions taken in the 20th GST Council Meeting held on 5th August 2017, including amendment/ reduction of GST rates in respect of certain …
IT Deptt to remain Open till Midnight (5 Aug. 2017 Saturday) for Receiving ITRs: CBDT
In view of the difficulties being faced in e-filing, the CBDT has directed IT Deptt to remain open till midnight on 5th August 2017 (Saturday) for receiving ITRs from …