List of 24 states that passed SGST Bill Twenty Four (24) States have passed the State GST (SGST) Act till 5th June, 2017 while 7 States viz. Meghalaya, Punjab, Tamil… Read More
PM Modi reviews GST preparations; flags of cybersecurity threat PM took stock of various elements involved in the rollout and directed the officials that maximum attention be paid to cyber-security… Read More
RATES UNDER GST The Goods and Services Tax (GST) Council, at its fourteenth meeting on 18th May 2017 held in Srinagar, has approved the rate structure on majority of the… Read More
CORPORATE AND PROFESSIONAL UPDATE JUNE 6, 2017 Direct Tax: CBDT amends Rule 31(3) for due date of furnishing of Form 16 to the employees by June 15, 2017 following… Read More
CORPORATE AND PROFESSIONAL UPDATE June 1, 2017 Direct Tax: CBDT lay down the procedure for acceptance of Statement of Financial Transaction form sub-registrar office and post office (SFT) as per… Read More
Income Tax Rules - Cash Transaction Limits Cash Expense Limit – Sec 40A(3) Cash Expense Limit: Cash payment above INR 10,000/day per person is NOT allowed as expense For transporters… Read More
OVERVIEW ON STATEMENT OF FINANCIAL TRANSACTIONS (SFT) SFT Considering Recent CBDT Notification No. 16/2021, dated 12-03-2021 along with the penalty provisions under the income tax act Statement of financial transactions… Read More
Question Is GST registration open for new users before July? Answer No. Question How would GST work with regards to Cinema halls? Can you please share some details? Answer Admission… Read More
Professional Update for the day: Direct Tax: ITAT Mumbai held that AO is required to specify the exact charge in the notice for which the assessee was being penalized,… Read More
Professional Update for the Day: Direct Tax: 271(1)(c): 'Furnishing of inaccurate particulars of income' and 'concealment of particulars of income' have different connotations. The failure by the AO to specify… Read More