Revised rates for the tech consumers GST rates for certain consumer electronics were revised recently. Here is an update on all that's new as well as tax rates that remain… Read More
IMPORTANT FACTS ABOUT GST INVOICE The Central Board of Excise and Customs has come out with a few clarifications on facts highlighting GST provisions relating to invoice for trade The… Read More
Quick Review to the process of flow of returns filed under Goods and Services Tax Steps are as follows: You file GSTR-1 for sales made (due date-10 of the… Read More
India not ready for GST rollout: Small businesses need to file 37 returns including annual return a year instead of 13 A small-scale manufacturing company and industries with operations in… Read More
CORPORATE AND PROFESSIONAL UPDATE June 12, 2017 Direct Tax: CBDT notifies Transfer Pricing Tolerance Limit for Asstt Years 2017-18 and 2018-19. Bombay HC dismisses assessee-individual’s (engaged in business of developing… Read More
CHEER FOR SMES AND MANUFACTURERS More entities will be able to take advantage of the composition scheme now with the changes in the threshold. Jaitley said the council has attempted… Read More
India's most comprehensive indirect tax reform — the goods and services tax (GST) — is inching towards a July 1 rollout with the GST Council cutting the rate on household… Read More
CORPORATE AND PROFESSIONAL UPDATE June 9, 2017 Direct Tax: CBDT notified the Income-tax (12th Amendment) Rules, 2017 which shall come into force and shall be deemed to have come… Read More
Updating of Bank Accounts on FCRA website: FCRA Dept has now issued yet another notification see a link stating that all NGOs must ensure that their latest Designated and Utilisation… Read More
Banks are not ready for GST rollout from July 1, 2017 With less than a month left for the rollout of the GST, the Indian Banks' Association (IBA) has informed… Read More