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Search results for: GST Act

Extra 12.5 Percent to Taking Bills Without Delivery of Goods

CIT’s Decision for Extra 12.5% of Taking Bills Without Delivery of Goods: ITAT

The Income Tax Appellate Tribunal (ITAT) has seconded the decision of the Commissioner of Income Tax (CIT) about an additional 12.5% for taking the bills without any delivery of the goods. Vijay B Shah, the Karta of a Hindu Undivided Family (HUF), indulges in a business of trading of iron and steel. The assessing officer […]

15th Finance Commission Meeting on India GDP

15th Finance Commission Meets to Discuss India GDP Growth: COVID-19

Sessions are to be held by the Economic Advisory Council of the Fifteenth Finance Commission on April 23-24 2020 regarding the current position and the revival of the Gross Domestic Product (GDP) growth The biggest tax reform i.e. Goods and Services Tax is now a part of Indian Economy. A new and unified tax structure […]

Center Seeks India Inc's View On Economy

Center Tries to Economic Revival, Seeks India Inc’s Suggestions

The Central Government of the country is desperately trying to revive the country from the impact of the outbreak of coronavirus. The demands and suggestions made by the industry include reducing custom duties, more liquidity, reduction in GST (Goods and Services Tax) Have a look at the major issues/problems being faced by Indian people after […]

Latest Income Tax and TDS Updates

Latest Official Tax (Income Tax + TDS) Updates by CBDT India

Here we have provided complete notifications related to the Income Tax and TDS provisions as per the official government laws. We include all the latest updates in Income Tax and TDS, news, amendments, and circulars on the government portal for your reference. Introduce of Income Tax Income Tax is the tax levied by the government […]

Electronic Signature for Audit Reports and Certificates

All About Electronic Signature & Use for Audit Reports/Certificates

The Chartered Accountants will be able to use their electronic signatures to sign the audit reports and certificates. The decision was taken by the Institute of Chartered Accountants Get the details of top 10 chartered accountant coaching centers that are located in India. We share the contact addresses, web addresses, and numbers. Read More of […]

IT, Bank & Other Changes from 1st April

Income Tax, Bank, Petrol & Other Changes Started From 1st April, Check Out

The whole country is trying to fight the outbreak of COVID-91 in its own way. The government is also taking the necessary decisions to control the further spread of coronavirus. Lockdown is imposed by the government for the same. The whole country will be locked down till 14th April, 2020, but some changes will be […]

Donate in PM Cares Fund to Control Covid 19

Donate in PM CARES Fund to Control the Spread of COVID-19

On March 28th, 2020, the Prime Minister’s Office released a notification asking the people of the country and abroad to generously donate to the ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)’ to help the government in controlling the spread of coronavirus, COVID-19. The virus has been spread to the […]

High Loss of GDP Corona Outbreak

High Loss of GDP Because of Corona Outbreak Tax Relief

The recent outbreak of Coronavirus Covid-19 is expected to affect the Gross Domestic Product (GDP) of all the countries in the world. India is also not left out of this. The government is coming up with exceptions and is extending the due-dates of the returns for the convenience of the taxpayers because of the outbreak. […]

Tax Compliance Relaxation

Government Acknowledges Tax Compliance Relaxation

Government of India could look at offering relaxation on various tax compliances, addressing demands from taxpayers for easing up on regulations amid the coronaVirus outbreak. It is notable that Maharashtra and Goa State tax authorities have already granting relaxations for filing value-added tax assessments for previous years. The due date for filing GST returns View […]

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