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
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