Swachh Bharat Cess (SBC) is effective from today (Nov 15, 2015). Please Note the following :- SBC to be shown and charged Separately in the Service Invoice. Service Tax will be @ 14% & SBC will @ 0.5%. Both needs to be shown separately in the Invoice. Do not show the Service Tax as 14.5%. […]
Swachh Bharat Cess (SBC) effective from today (15th Nov 2015) Read More »
The Reserve Bank of India (RBI) in consultation with Government of India (GOI) has announced about the issue of “Sovereign Gold Bonds” . The highlights and features of this Sovereign Gold bonds (2015-16) is as follows :- [table id=10 /] Source :- www.rbi.org.in
Sovereign Gold Bond 2015-16 – Highlights & Information Read More »
The GST Committee has released its reports for public comments in respect of the following :- 1) Registration under GST Regime 2) Payments under GST Regime 3) Refunds under GST Regime These reports are released for public comments. Comments/Views on the above business processes can be made till 31st October 2015. These reports are available
GST Committee Report on Registration,Payments and Refunds Read More »
The following are the Various Statutory Obligations for the month of July 2015. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of June 2015 (Corporate Assessees) , Apr-June 2015 (For other assessees) is 5th of July 2015. In case of e-payment, the due date is 6th of
Statutory Obligations for the month of July 2015 Read More »
The following are few of the important changes will be applicable from 1st June 2015 in respect of Service Tax :- 1) Rate of Service tax has been changed from 12% to 14% 2) Education Cess & Secondary Education Cess removed 3) The definition of ‘chit’ has been omitted from the abatement notification 26/2012 4)
New Rate of Service Tax @ 14% applicable from 1st June 2015 Read More »
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Budget 2015 Tax proposals Read More »
These items are going to be costlier in 2015-16 :- 1) Your Telephone Bill (Increase of 1.64% in Service tax) 2) Your Mobile Bill (Increase of 1.64% in Service tax) 3) Your Restaurant outing Cost (Increase of 1.64% in Service tax) 4) Cost of your New House/Flat (Increase of 1.64% in Service tax) 5) Courier
Budget 2015 Highlights Read More »
The Real Time Gross Settlement (RTGS) has become an intergral part of todays business irrespective of the size of the Business. Due to growing usage of the same and demand from the market, the RBI has decided to advance the RTGS Business hours to 8:00 hours from 9.00 hours and extend closing time of RTGS to 20.00
Extension of RTGS Time window – New initiative by RBI Read More »
Recently, TNVAT Department has made the e-payment of monthly taxes, mandatory in respect of assessees whose turnover during the previous year is more than 1 Crore. As a prelude to the complete computerization and online management system in TNVAT, many assessment circles have issued notices to all assessees irrespective of their turnover to make only
How to make e-payment of TNVAT? Read More »
Due to natural calamities in certain parts of the country, the Service Tax Department, Ministry of Finance , vide its Order No 02/2014 dtd 24th October 2014 , has extended the last date for filing the Half yearly returns in respect of Service tax for the period from Apr 2014 to Sept 2014. As per
Last date for filing Service Tax Half yearly returns for Apr-Sep extended.. Read More »
The Ministry of Corporate Affairs vide its Circular No 34/2014 dtd 12th August 2014 has introduced a new scheme for Companies for filing their backlog Annual Returns. WHOM THIS SCHEME APPLIES? This scheme is applicable for defaulting companies which have made a default in filing of annual Statutory Documents. WHOM THIS SCHEME DOES
Company Law Settlement Scheme 2014 – Opportunity for Companies Read More »
The following are the Various Statutory Obligations for the month of August 2014. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of July 2014 is 5th of Aug 2014. In case of e-payment, the due date is 6th of August 2014. In case of payment by Challan GAR
Statutory Obligations for the month of August 2014 Read More »
Audit of Books of accounts in respect of businesses with Turnover/Gross Receipts exceeding Rs. 1 Crore and businesses declaring Net Profit less than 8% of the Turnover/Gross receipts is mandatory. The Income-tax Departments has made the online submission of the Audit Report (Form 3CA / Form 3CB as applicable) and the prescribed particulars to be
Form 3CA,3CB (Audit Report) & Form 3CD (Annexure to Audit Report) Modified Read More »
The following are the Various Statutory Obligations for the month of July 2014. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of June 2014 (Corporate Assessees) , Apr-June 2014 (For other assessees) is 5th of July 2014. In case of e-payment, the due date is 6th of
Statutory Obligations for the month of July 2014 Read More »
The Income-tax Department has notified the ITR-4 e filing utility for A.Y.2014-15 (F.Y.2013-14). The utility notified by the Income-tax Department is a Java based utility. ITR-4 is for Individuals & HUFs having Income from a proprietory business or profession. This utility can be downloaded from www.incometaxindiaefiling.gov.in With this , totally 5 Income-tax efiling utilities have
ITR 4 for A.Y.2014-15 – e-filing utility notified Read More »
