Procedure for Submission of Form No.60 Who Does Not Have PAN

DGIT(S)/ADG(S)-2/Form 60 Digitization/151/2018 Government  of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 1 of 2018 New Delhi, 5th April, 2018 Procedure  for  submission  of  Form  No.  60  by  any  person  who  does  not have  a Permanent Account Number and who enters into any transaction specified  in … Read more

Clarification on Issues Related to Furnishing of Bond/LOU for Exports

Circular No. 40/14/2018-GST No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs (GST Policy Wing) ***   New Delhi, April 6, 2018 To, The Principal  Chief  Commissioners  / Chief  Commissioners  / Principal  Commissioners/ Commissioners of Central Tax (All) / The Principal Director Generals / Director Generals … Read more

CBDT Releases New ITR Forms for A.Y.2018-19

Central Board of Direct Taxes has released the new Income Tax Return (ITR) forms for A.Y. 2018-19. The notification no.16/2018/F.No.370142/1/2018-TPL has been published in this regard on 3rd April,2018. The excel and java utility is yet to be released. We will update you whenever there is any update regarding ITR Form A.Y.2018-19 utility. You can … Read more

Solution for Unfiled Tran-1

One more opportunity has been provided for unfiled TRAN-1 cases. GSTN shall identify the taxpayers who could not file TRAN-1 due to IT glitches, on the basis of electronic audit trail and all such taxpayers, who tried but were not able to complete TRAN-1 procedure (original or revised) of filing them on or before 27.12.2017 … Read more

Tax Calendar F.Y.2018-19 – Due Dates GST & Income Tax April 2018

Tax Calendar 2018, Income Tax – GST Deadlines: Find all the income tax & GST due dates, last dates, deadlines for the period from 1-4-2018 to 31-3-2019 (F.Y.2018-19). The due dates includes all TDS Returns, TDS Statements, income tax returns, income tax payments & TDS certificates along with form name and period. The assessee can … Read more

16 Major Amendments of Income Tax for A.Y. 2018-19

Here is the beautiful infographic showing 16 major amendments in Income Tax Applicable for A.Y. 2018-19 from 1-4-2017 to 31-3-2018. You can bookmark this page or save image in your desktop or mobile to get instant access.

CBEC Clarifies Issues Related to Job Work – Circular No. 38/12/2018

Central Board of Excise & Customs released the circular No.38/12/2018 to clarify all issues related to job work. You can check the clarification on scope of job work, requirement of registration, supply of goods, movement of goods, issues and legal provisions. Circular No.38/12/2018 F. No. 20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue … Read more

You Must Do These Things Before 31st March 2018

31st March, 2018 is an important date to remember for individuals and taxpayers in India as it is the deadline for completing all financial obligations. It must be noted that the return of income tax payer will not be processed if Aadhaar is not linked to PAN. However the deadline for linking of Aadhaar with … Read more

Penalty for Late Filing or Non Filing of Income Tax Return

The last date to file income tax return every year is 31st July or 31st September. You must file your income tax return within due date. Now the questions is if you are not filing your income tax return within due date how much penalty or interest you have to pay. Here we will discuss … Read more

GST Council 26th Meeting Recommendation – Complete Detail

Return filing System The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and Group of Ministers on IT has been tasked to finalize the same. Reverse Charge Mechanism The … Read more

eSANCHIT – Step by Step Procedure for Uploading Documents

The  following  steps  are  the  step  by  step  procedures  involved  in  uploading  of  the supporting documents: Step 1: Prepare Supporting Documents in Digital Format Before uploading the document, the importer, exporter, Customs broker (referred to hereinafter as ‘submitter’) may ensure that the document is rendered into a PDF/A format (ISO 19005-2). The submitter may choose … Read more

e-SANCHIT Mandatory from 15th March 2018 – Android App Updated

Online application for uploading the supporting documents i.e. e-Sanchit, shall be made mandatory from 15th March 2018. All customs brokers and self-filers are requested to use e-Sanchit regularly and at least file one Bill of Entry using e=Sanchit by 8th March 2018 to continue to file through ICEGATE. CBEC launches IT tool ICETRAK and ICETAB … Read more

Revised E-way Bill Rules – CGST 2nd Amendment Rules 2018

Central Board of Custom & Excise has released the notification for CGST (2nd Amendments) Rules 2018 related to E-way bill generation. They amended the rules 138, 138A, 138B, 138C and 138D along with forms GST EWB-01, EWB-02, EWB-03, EWB-04, GST INV-1, GST RFD 01A etc. You can download the revised E-way bill rules notification here. … Read more

10 Significant Features of e-assessment Framework – A new mechanism

The CBDT has issued instructions dated 12 February 2018 in relation to conduct of e-assessment. Emanating from the earlier instructions dated 29 September 2017 as well as the current instructions. 1. Enquiry in Eloctronic mode Enquiry before assessment in terms of section 142(1)(ii) of the Income tax Act, 1961 (Act) shall be issued in electronic … Read more

Cabinet Approves New Accounting Regulator – NFRA

Cabinet approved today Fugitive Economic Offenders Bills 2018. The bill will be presented in Parliament in the next session. The cabinet has also approved establishment of National Financial Reporting Authority. Here is the press released by GOI on 1st March 2018. Press Released (Dt. 1st March 2018) Cabinet approves Establishment of  National Financial Reporting Authority … Read more

GSTR 3B Due Dates: From Aug 2017 to March 2018 Up to Date

You can check here GSTR 3B due dates along with notifications. Here is the table containing all due dates of GSTR 3B. You must file your GSTR3b return to avoid late filing penalty. Month Last Date for filing of return in Form GSTR 3B August 2017 20th September 2017 September 2017 20th October 2017 October … Read more

GSTR 1 Due Dates {2018} Latest Changes {UptoDate}

There are lots of confusing among businessmen and tax professionals related to due dates of GSTR 1 because of major changes happening in GST these days. You can check here latest up to date information about due dates of GSTR 1 form. GSTR – 1 Due Dates (Turnover More Than 1.5 Crore) If your turnover … Read more

Know Your PAN by DOB, Name & Mobile 2018

Sometime you find difficulty to find your PAN number i.e forget your PAN number, lost PAN number and want to know PAN online by one click. So you can do this only by entering your date of birth, sir name and mobile number. It is a service itself provided by income tax department officially. Here … Read more

GST Rates PDF: Item & Chapter Wise (Upto 25th GST Council Meeting)

Here you can find GST rates items and chapter wise detail along with HSN coe.  in PDF format. We update GST rates page regularly. Here you can also download PDF file and save it on your mobile or desktop to open it instantly. The final GST rates are 5%, 12%, 18% and 28%. The GST rates pdf files … Read more