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Taking a step towards the ease of the taxpayers, the Income Tax Department has launched E-filing lite services. This favourable approach by the tax government will prove to be of great help for taxpayers in e-filing of returns. The feature is initiated on the link www.incometaxindiaefiling.gov.in. Tax Authority says, “the department is glad to inaugurate […]
According to reports from Maharashtra’s Appellate Authority for Advance Ruling (AAAR), Charges imposed on dishonoured or bounced cheques will also include Goods and Service Tax (GST). The decision is further confirmed by the Authority of Advance Ruling (AAR). The law is currently effective and is applicable only for the applicants and jurisdictional assessee officers associated […]
This ‘One Nation One Tax’ regime was initiated for the first time in the nation on 1 July 2017 and has completed 2 years of existence. Even after two years, GST governance lacks a definite blueprint of input tax credit system (ITC) says CAG reports. Not only this, the digitized e-tax filing system is still […]
Government of India has brought in a Beta version (v0.6) of New GST Return Offline Tool to get the CA, CS and tax professional on board with the utility- A step towards accuracy and alacrity. Beta New Return Offline Tool is just a dummy tool which has been introduced to grease the wheels of the […]
Not later than a few years, there will be a resonance of ‘Electric Vehicles‘ everywhere in Indian Markets. One of the electric vehicle manufacturers in India, Ather Energy conveys that it will give the entire benefits to its customers of reduced GST rates entirely supporting the government’s initiative to lower the Goods and Services Tax […]
A taxpayer has to go through a string of formalities while filing a return but for his convenience government has introduced GST portal. This giant portal is a saviour, as all the forms related to the e-filling of GST are available here which facilitates a taxpayer to conveniently file the return using a single platform. […]
Today GST is the sole tax governance of the nation and keeping this fact in mind the Confederation of All India Traders (CAIT) has written a proposal to the Human Resource Development Minister Ramesh Pokhriyal Nishank asking to accommodate chapters on GST in schools or colleges. CIAT further says that the current education system is […]
Defending the farmer society, Congress member Uttam Kumar Reddy pitched to the government to reduce the GST to zero on fertilizers and other agricultural machine markets. Uttam Reddy says, the GST rates on the cost of fertilizers and agricultural machinery should either be ‘Zero’ or on the lowest GST slabs. Proclaiming the circumstances of the […]
Tax system in India keeps on reforming for good. The Government and other tax-related departments are constantly working to make the tax system more rigid. One such reform is recently brought in practise by the Tax Department related to ‘Income Tax Refund’. Valid from the prevailing year onward, the one who claims Income Tax Refund […]