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Goods and Service Tax rate have been in very much disguise as there is no exact point on which both state and central government can conclude up. The committee formed by the powered officials which comprised state and central government genre will be looking into the matter.
People looking for a software which can easily handle filing TDS/TCS online and quick intimation don’t have to go anywhere. The solution is the Gen TDS software which is available as a free trial version for e-TDS. Free TDS Return Filing Software demo is available for download.
GST and VAT are both counter approach taxation system by the government to held valuation of goods and services across the nation. Talking about the older tax system, i.e. value added tax it was the earlier method of applying taxes on the general public while the goods and services tax is held to change this course of action towards the consumers.
The nation has seen the clearing of GST Bill with much more anticipation and the government was also seen in all support with this new tax regime. After all, the GST has something very special to provide for the citizen of India. The said bill is said to subsume all the current indirect tax prevailing in the country.
A new chapter viii titled ‘Equalisation levy’ is inserted in the finance bill which will take effect from the 1st of June 2016 to provide for an equalization levy of 6 % of the amount of consideration for specified services received or receivable by a non-resident not having a permanent establishment (‘PE’) in India, from […]
Since the independence, there was indeed a very deep requirement of a clear and smooth taxation scheme which would make India – a better nation and economy with its all round prosperity and everyone contributing for the same cause.
As per the Income tax Return guidelines, the deadline for filing IT return for FY 2015-16 was July 31 but due to PSU bank strike, the last date for filing income-tax returns got extended to August 5 by the Government. In view of the day-long strike at public sector banks on behalf of merging the […]
Even after almost a month of the launch of GST in India, people and businesses are still struggling to accept it completely. Let’s see how people from different areas are reacting to GST and what are their concerns.
As we all know, TDS is deducted to deposit a certain amount of your salary to the government in the form of tax. Apart from depositing tax, you are required to file a TDS Return as well. TDS Return needs to be filed with NSDL by the deductor at regular intervals. But, what if you […]
