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Decisions on GST taken through consensus in GST Council: PM Modi
All decisions related to GST have been taken through consensus in the GST Council: PM ModiPM Narendra Modi, in an interview, underlined that all decisions related to GST, a single tax regime which was...
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GST Council only can decide on Levy of GST on Petroleum Products
Decision regarding Levy of GST on Petroleum Products to be decided as per recommendation of GST Council The prices of petroleum products in the country are benchmarked to international product prices....
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7 Issues 32nd GST Council Meeting may discuss on 10th January 2019
1. Rationalisation of tax rates on residential properties and raising the threshold limit for MSMEs from the current Rs 20 lakh.2. Composition scheme for small suppliers may be introduced as number of...
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GST Council: 31 Meetings, 918 decisions & 294 notifications so far
Press Information BureauGovernment of IndiaMinistry of FinanceDated: 04-January-2019GST Council The GST Council has met 31 times so far. Till the 30th GST Council Meeting, a total of 918 decisions hav...
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Govt collects Rs. 612653 crore as Indirect Tax during April-Nov, 2018-19
Press Information BureauGovernment of IndiaMinistry of FinanceDated: 04-January-2019Indirect Tax Collections The total net indirect tax collection (inclusive of CGST, IGST and GST-Compensation Cess) i...
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Bank A/c Not Required For GST Registration
Requirement of bank account details has been removed at the time of GST Registration.Now it is required after first login because normally a bank account cannot be opened before commencement of busine...
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Transfer and posting of the officers in the grade of JCIT / Additional CIT
Order No. 03 of 2019 – Transfer and posting of the officers in the grade of Joint Commissioner / Additional Commissioner of Income Tax – reg.F.No. A-22012/1/2018-Ad-VIGovernment of IndiaMinistry of Fi...
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8 Point CBDT strategy for maximization of direct tax collections
GOVERNMENT OF INDIAMinistry of Finance/Department of RevenueCentral Board of Direct TaxesNorth Block, New Delhi-110001E-mail : chairmancbdt@nic.inTele : 23092648 & Telefax : 23092544Dated: 4th January...
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TDS on Salary for Financial Year 2018-19
CBDT issued Circular No. 01/2019 on Deduction Of Tax At Source (TDS)-Income-Tax Deduction From Salaries Under Section 192 Of The Income-Tax Act, 1961 During The Financial Year 2018-19 / Assessment Yea...
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Procedure for filing of Form 13 for Lower or no deduction of tax
Procedure, format and standards for filing an application for grant of certificate for deduction of Income-tax at any lower rate or no deduction of Income-tax under sub-section (1) of Section 197/coll...
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PAN card can now be issued in 3 Formats and Both Physically & Online
CBDT has prescribed procedure formats and standards for issue of permanent account number by which it prescribed that PAN card can be issued Both Physically and Electronically (Online) in PDF Format....
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Export Promotion Council Established for MSME Sector
Press Information Bureau Government of IndiaMinistry of Micro,Small & Medium Enterprises31-December-2018 14:56 ISTExport Promotion Council Established for MSME Sector Ministry of Micro, Small and Medi...
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IBBI Syllabus of Valuation Exam for Asset Class- Plant & Machinery
Syllabus of Valuation Examination for Asset Class- Plant and Machinery with effect from 1st April 2019Insolvency and Bankruptcy Board of IndiaNo. IBBI/PR/2018/39 31st December, 2018Press ReleaseThe Ce...
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Year End Review – 2018- Ministry of Finance
The Indian Government has made significant strides in the last 4 years in taking India to new heights in terms of the welfare of the citizenry, the overall structure& growth of the economy, and creati...
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ICAI President's Message- January 2019
ICAI President’s Message for January 2019 covering Polling at ICAI Elections Successfully Concluded, ICAI Initiatives Acknowledged at SAFA Board Meeting, Recent Developments in GST, GST Account Assist...
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CBIC releases 44 GST Notification / Circular / Order on 31.12.2018
GST Council has made several recommendations related to GST Rate Reduction on Good and Services, Late Return Filing Fees Waiver, Extension of Due date of GST Return Filing, Simplification of Annual GS...
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GST Revenue collection for December 2018
Ministry of FinanceGST Revenue collection for December 2018 Rs. 94,726 crore of total gross GST revenue collected in the month of DecemberPosted on: 01 JAN 2019The total gross GST revenue collected in...
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Imposition of High Custom Duty on Steel and Aluminium Products
Press Information BureauGovernment of IndiaMinistry of Commerce & Industry31-December-2018Imposition of High Custom Duty on Steel and Aluminium Products The United States has imposed global tariff of...
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Order No. 225 of 2018 – Promotion of 31 officers to CCIT grade
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiThe 31st December, 2018Office Order No. 225 of 2018Consequent upon approval of the Compete...
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Order No. 224 of 2018: Transfer and posting of officers in Pr. CIT grade
Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 31.12.2018Office Order No. 224 of 2018The following Principal Commission...