Model GST Law 2016 : Clause-wise Analysis
Model GST Law 2016 : Clause-wise Analysis 1. Final GST Analysis 2. Valuation Rules 3. IGST 4. Annexures Annexures A Annexures B Annexures C Annexures D http://icmai.in/icmai/news/Model-GST-Law-2016.php
Non Deduction of Tax – NOTIFICATION NO. No.47 /2016, DATED: 17-06-2016
In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 3069 (E) dated 31st December, 2012, published in the Gazette of India, Extraordinary, Part II, Section […]
Draft GST Law
Draft GST law has been uploaded on Finance Ministry’s site www.finmin.nic.in
Annual Return under Service Tax
Rule 7, 7B and 7C of Service Tax Rules 1994 are being amended to provide for filing of annual return by assessee. The important points are as under. This return shall be in addition to the half yearly returns field by the assessee. The due date for filing the annual return is 30th November of […]
Zero Defect and Zero Effect (ZED)
Addressing the nation on India’s 68th Independence Day, Hon’ble Prime Minister Shri Narendra Modi urged the industry, especially the Micro, Small and Medium Enterprises (MSMEs) of India, to manufacture goods in the country with “zero defects” and to ensure that the goods have “zero effect” on the environment. “We should […]
Pradhan Mantri Mudra Yojana
Pradhan Mantri Mudra Yojana The stages and reach of loan under pradhan mantri mudra yojana There are three main stages of PM Mudra Bank Yojana: 1 Shishu RS 50 Thousand This stage would cater to entrepreneurs who are either in their primitive stage or require lesser funds in order to get their businesses started. Under […]
ST3 filing due date extended to 29.4.2016 from 25.04.2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS SERVICE TAX WING NEW DELHI. ORDER NO 1/2016-Service Tax, Dated: April 25, 2016 In exercise of the powers conferred by sub-rule (4) of rule 7 of the Service Tax Rules, 1994, the Central Board of Excise & Customs hereby extends […]
The Companies (Amendment) Act 2015
The Companies (Amendment) Act 2015 notified in the official gazettee on 26.05.2015. Govt has brought chabges in Companies Act 2013 with a view to promote ease of doing business in India.The following ancillary amendment are also made. 1 The Companies (Registration officces and Fees) Rules 2. Companies (Registration of charges) Rules 3. Companies (Declaration and payment of […]
Penalties & Prosecutions under Income Tax Act, 1961 for AY 2016-17
From AY 2016-17 , incase of undisclaused income filed by the assesse is noticed by the assessing officer stringent penalties will be imposed. Penalties & Prosecutions under Income Tax Act, 1961
E-filing of income tax returns for all categories activated: I-T Dept
E-filing of income tax return for all category of filers for the assessment year 2016-17 has been operationalised. “All ITRs including ITR 6 and ITR 7 for AY 2016-17 are available for e-Filing,” the Income Tax Department said. The different category of ITRs were operationalised in a phased manner starting April 2. The Central Board […]