CBDT has issued circular to extend the due date for filing Income tax return for the assessment year 2019–20 from 31.07.19 to 31.08.19 for the tax payers who were liable to file their income tax return by 31st July 2019. The…
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Key Highlights of Budget Proposals 2019-II
BUDGET 2019-II INCOME TAX PROPOSAL- INDIVIDUAL Those having annual income of Rs 5 lakh exempt from paying taxes Additional income tax deduction of Rs 1.50 lakh on the interest paid on loans for Electronic Vehicle Interest subvention for up to Rs 2.5…
35th GST Council Meeting Press Release and Recomandation
GST Council decision relating to changes in law and procedure The 35th GST Council Meeting was held here today under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. This was the first meeting of the Council after…
GST Rate reduced for Real Estate Sector
Recommendations of the 33rd GST Council meeting Real estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of people. “Housing for All by 2022” envisions that every citizen would have…
Due for Filing ITC-01 for July17, August17 & September 17 has been extended
Declaration by the registered persons in Form GST ITC-01 who have become eligible during the months of July 17, August17 & September17 till 31.10.2017. A Registered person who has withdrawn from composite scheme is required to file GST ITC-01 containing…
GST Return Due date for Input Service Distributor for July17, August17 & September17 has been Extended
The GST Return Due date for Input service Distributors who requires to file GSTR‑6 for July 17, August 17 and September 17 has been extended to 15.11.2017 by Central government vide Notification no-43/2017 Central Tax dated 13.10.2017. Share on: whatsapp
Conditions for taking Input Tax Credit under GST
Section 16 of CGST Act 2017 deals with conditions on taking Input tax Credit: 1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to…
GSTR‑1, GSTR‑2 AND GSTR‑3 For the Month of August 2017 Has been Extended
GSTR‑1, GSTR‑2 AND GSTR‑3 For the Month of August 2017 Has been Extended to 5th, 10th and 15th October 2017 Respectively. Share on: whatsapp
How to Compute Value of supply of goods or services or both between distinct or related persons, other than through an agent under GST
Rule-28 of CGST Rules 2017 28. Value of supply of goods or services or both between distinct or related persons, other than through an — The value of the supply of goods or services or both between distinct persons as specified in…
Form GSTR-3B in Excel Format
Download Form GSTR-3B in Excel Format Share on: whatsapp