Reading Time: 3 minutesUAE VAT | Effective Date | Rate | Effects The beginning of a new era in the UAE with the introduction of a Value Added Tax (VAT) regime, a new chapter in the history of the UAE economy, the general public will bear the burden of budgetary expenditure, starting today (January 1, 2018). Federal Tax
Read More

Reading Time: 2 minutesLatest Changes for GST Composition Dealers Two Important changes have been made for GST Composite Dealers w.e.f  1st January 2018 1 :  Manufacturers under composition scheme had to pay 2% tax till now but from 1st January 2018, they will 1% GST .which included  0.50 % CGST and 0.50 % SGST. Thus the different Tax rate
Read More

Reading Time: < 1 minute

Reading Time: 3 minutesRectification of Omissions, Errors during filing of GST Return The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has taken certain decisions in regard to filing of returns by taxpayers ,further a detailed Circular No. 26/26/2017-GST Dated the 29th December 2017  has been issued,  in which they are clarifying regarding various
Read More

Reading Time: < 1 minuteNotification regarding Rectification of Omissions, Errors during filing of GST Return GST Return circularno-26-cgst

Reading Time: 2 minutes  [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) [Central Board of Excise and Customs] Notification No. 72/2017 – Central Tax                                    
Read More

Reading Time: 2 minutes Due Date for GSTR-1 for Q-2 FY 2017-18 is extended by 10th Jan 2018 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) [Central Board of Excise and Customs] Notification No. 71/2017 – Central Tax          
Read More

Reading Time: < 1 minuteIT Return Statistics for the Assessment Year 2015-16 income-tax-statistics-it-return-ay-2015-16

Reading Time: 2 minutesGSTN’S Plan to provide free Billing and Accounting Software to Small and Medium Businesses Small and Medium Business are demanding support from Government for the Accounting software as the several small taxpayers unable to afford Popular Accounting and Taxation Software Like Tally,Busy , Marg Etc because starting range for these software are from Rs 20000.00
Read More

Reading Time: 3 minutesAadhaar link with lic policy, All Policyholders have to link their Aadhaar and PAN to the policies as per a government notification: LIC the government directives, said you to link your Aadhaar and PAN to your LIC (Life Insurance Corporation) policy(s) by Dec 31, 2017, mentioned on LIC website, India’s biggest life insurer.LIC has provided a facility
Read More