Reading Time: 2 minutesIncome Tax Due date Extension, The government of India have extended the due date for Tax Audit and return filing under the provisions of the Income Tax Act from September 30th to October 15th 2018. this decision has been taken in view of the huge demand of due date extension from the many tax professional bodies and
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Reading Time: 2 minutesGST Fraud, Zonal Unit of the Directorate General of GST Intelligence (DGGI) have arrested two businessmen, namely, Sh. Vikas Goel, Director of M/s Mica Industries Ltd, Delhi and Bhiwadi& M/s. Satellite Cables Pvt Ltd., Bhiwadi and Sh. Raju Singh Proprietor of M/s Galaxy Metal Products on 14.09.2018 in a case of fraudulent issuance of Input
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Reading Time: 4 minutesTCS Mechanism under GST, Tax Collection at Source (TCS) has similarities with TDS, as well as has distinctive features also. TDS refers to tax which is deducted when the recipient of goods or services makes some payments under a contract etc. while TCS refers to tax which is collected by the electronic commerce operator when
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Reading Time: 4 minutesTDS Mechanism under GST, Under the GST regime, section 51 of the CGST Act, 2017 prescribes the authority and procedure for ‘Tax Deduction at Source’. The Government may order the following persons (the deductor) to deduct tax at source: (a) a department or establishment of the Central Government or State Government; or (b) local authority; or
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Reading Time: 2 minutesGST Practitioners Exam, The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017, vide Notification No. 24/2018-Central Tax dated
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Reading Time: < 1 minuteThe Government of Punjab Vide Notification No PA/ETC/2018/175 dated September 13, 2018 has notified that no E-Way bill shall be required to be generated for the intra-State movement in the State of Punjab, for a period of one year from the date of issuance of the notification, Where the movement of Goods commences and terminates within the State
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Reading Time: 2 minutesHSN Code for Rubberised textile fabrics, GST Rate & HSN Code for Rubberised textile fabrics, Convayer belts as mentioned in the Chapter 59, GST Rates & HSN Codes for Rubberised Textile Fabrics,Convayer Belts, Transmission Accessories, Laminated With Plastic. The GST Council Release GST E-Book which Contains GST Rates for various goods with HSN Code, we have provided Chapter Wise GST
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Reading Time: 2 minutesGST Rate & HSN Code for Synthetic filament tows & Polyster staple fiber as mentioned in the Chapter 55. GST Rates & HSN Codes for Synthetic Filament Tows & Staple Fibers Waste Woven Fabrics Waste Fabrics Artificial Staple Fibers, Polyester Staple Fibers. The GST Council has released the GST E-Book which Contains the GST Rates
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Reading Time: 1 minuteDIR-3KYC, The Ministry of Corporate Affairs has extended the due date of filing DIR-3KYC without any filing fees upto 15 Sept 2018 and The fees of ₹5,000/- shall be applicable and payable on all delayed filings w.e.f 16 Sept 2018. The Companies (Registration Offices and Fees) Rules, 2014 vide Notification dated 21st August 2018 or via Companies (Registration Offices
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Reading Time: 9 minutesIn this article, we analyze the HSN code and GST rate for various manufactured articles, furniture, bedding, mattresses, mattress supports, cushions and similar stuffed furnishing, lamps and lighting fittings, not elsewhere specified or included, illuminated signs, illuminated name-plates and the like, prefabricated building which mentioned under Chapter 94 of HSN Code. HSN Chapter 94 does
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