Chartered Accountants
(Date: 2/1/2019)
Government inserted new rules to Integrated Goods and Services Tax Rules for determination of Place of Supply in relation to several services such as services provided by architects, interior decorators, surveyors, engineers and other related experts where such immovable property is located in more than one State or Union territory.
(Date: 2/1/2019)
In 31st meeting of all-powerful GST Council, several recommendations have been made for rationalization of GST Rates. All changes have been notified by the Government and will be applicable from January 1st, 2019.
(Date: 1/1/2019)
The CBIC has issued clarification on certain issues related to sale by govt department to unregistered person, leviability of penalty, rate of tax in case of debit and credit notes, valuation of methodology in case of TCS under Income Tax Act.
(Date: 1/1/2019)
In order to satisfy regulatory framework, the CBIC has issued clarification on certain issues relating to export of services and refund procedure under GST laws wherein various provisions have been discussed
(Date: 28/12/2018)
The Central Board of Direct Taxes (CBDT) has released the explanatory notes to the provisions of the Finance Act, 2018. These explanatory notes describe the substance of the provisions/amendments made by the Finance Act, 2018 relating to Income-tax.
(Date: 28/12/2018)
The Central Board of Direct Taxes (CBDT) has notified all the provisions of the agreement entered into between India and Hong Kong for he avoidance of the double taxation and the prevention of fiscal evasion with respect to taxes on Income. The agreement was signed on 19-03-2018.
(Date: 24/12/2018)
In order to remove genuine hardship being faced by certain applicants in filing of online application in Form no. 13 for non-deduction or lower deduction of TDS, The Central Board of Direct Taxes (CBDT) has allowed non-resident Indians and resident applicants to file manual application in Form no. 13 before the TDS office or ASK Centers.
(Date: 24/12/2018)
GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates on goods and services. The decisions of the Council have been presented in the below attachment for easy understanding.
(Date: 24/12/2018)
The Govt. could create Centralized Appellate Authority for Advance Ruling to deal with cases of conflicting decisions by two or more State Appellate Advance Ruling Authorities on the same issue.
(Date: 24/12/2018)
The GST council has made major changes in its 31st meeting. In this meeting, the due date for filing of Annual Return & GST Audit has been extended to June 30, 2019. Further, the new return filing system shall be mandatory from July 1, 2019. All the relevant notifications or circulars for such recommendations shall be issued shortly.