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Article - Relevant Changes made in Finance Bill 2018 by the Lok Sabha
Relevant Changes made in Finance Bill 2018by Lok Sabha :TheRelevant Changes made in Finance Bill 2018 by the Lok Sabha have been enumerated below: 1 . Finance Bill 2018 proposed to define the term significant economic presence [Explanation 2A shall be inserted after Explanation 2 ofclause (i) of sub
Read MoreArticle - CBEC issued Clarifications regarding GST in respect of Six services
CBEC issued Clarifications regarding GST in respect of Six services Circular No. 32/06/2018-GST F.No. 354/17/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146G, North Block, New Delhi, 12th February 2018 To, The Principal Chief C
Read MoreArticle - What is IND AS
What is IND AS INTRODUCTION Indian Accounting Standard(abbreviated asInd-AS) is theAccounting standardadopted by companies in India and issued under the supervision and control of Accounting Standards Board (ASB), which was constituted as a body in the year 1977. ASB is a committee underInstitute of
Read MoreArticle - Budget 2018 Amendments in relation to ICDS
Budget 2018 Amendments in relation to ICDS At present, section 145 of the Act empowers the Central government to notify Income Computation and Disclosure Standards (ICDS). In pursuance the central government has notified ten such standards effective from 1st April, 2017 relating to Assessment year 2
Read MoreArticle - FAQ’s on Long Term Capital Gain proposed in Finance Bill, 2018
Long Term Capital Gain proposed in Finance Bill, 2018 Frequently Asked Questions (FAQs) regarding taxation of long-term capital gainsproposed in Finance Bill, 2018 released by Government of India. F. No. 370149/20/2018-TPL Government of India Ministry of Finance Department of Revenue Central
Read MoreArticle - 5% GST on Mess facility provided by Educational Institutions Is it correct
5% GST on Mess facility provided by Educational Institutions Is it correct The Government of India vide Circular no. 28/02/2018-GST dated January 08, 2018 (Circular No. 28), has issued clarification on following queries in situation when the Educational Institutions have mess facility for providing
Read MoreArticle - CGST(RATE) Notification no. 41/2017 – Changes in GST rates made in 23rd GST Council Meeting
CGST(RATE) Notification no. 41/2017 – Changes in GST rates made in 23rd GST Council Meeting Seeks to amend notification no. 1/2017- Central tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding gst rates. CBEC releases updated(upto 15.11.2017) list of CGST rates for Good
Read MoreArticle - Rule 83 of CGST Rules -Provisions relating to a goods and services tax practitioner
Rule 83 of CGST Rules -Provisions relating to a goods and services tax practitioner (updated as on 15.11.2017) (1) An application inFORM GST PCT-01 may be made electronically through the common portal either directlyor through a Facilitation Centre notified by the Commissioner for enrolment as goods
Read MoreArticle - Section 150 of CGST Act,2017 Obligation to furnish information return
Section 150 of CGST Act,2017 Obligation to furnish information return Section 150 of CGST Act,2017 from bare act : (1) Any person, being (a) a taxable person; or (b) a local authority or other public body or association; or (c) any authority of the State Government responsible for the collection of
Read MoreArticle - CBEC releases list of goods on which rate is lowered from 28% to 18%
CBEC releases list of goods on which rate is lowered from 28% to 18% RECOMMENDATIONS FOR CHANGES IN GST/IGST RATE AND CLARIFICATIONS IN RESPECT OF GST RATE ON CERTAIN GOODS [As per discussions in the 23rd GST Council Meeting held on 10th November, 2017] These decisions of the GST Council are being c
Read MoreArticle - CBEC releases List of goods which will attract 28% GST rate
CBEC releases List of goods which will attract 28% GST rate GOODS RECOMMENDED TO BE RETAINED AT 28% GST RATE S. No Chapter/ Heading/ Subheading/ Tariff item Description 1. 1703 Molasses 2. 2106 90 20 Pan masala 3. 2202 10 All goods [including aerated waters], containing added sugar or other sweete
Read MoreArticle - IGST rate notified forinter-state supplyfor export – Notification no. 41/2017
IGST rate notified forinter-state supplyfor export – Notification no. 41/2017 Seeks to prescribe Integrated Tax rate of 0.1% on inter-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions. [TO BE PUBLISHED IN THE GAZETTE OF
Read MoreArticle - CGST rate notified forintra-State supplyfor export -Notification no. 40/2017
CGST rate notified forintra-State supplyfor export -Notification no. 40/2017 Seeks to prescribe Central Tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EX
Read MoreArticle - 40/2017-Union Territory tax(rate), dt. 23-10-2017 Seeks to prescribe Union Territory tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions.
40/2017-Union Territory tax(rate), dt. 23-10-2017 Seeks to prescribe Union Territory tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART I
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