GST 23rd Meeting Highlights “Goods and Service Tax” Changes in GST return filling • The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be finalized by a Committee of Officers. Till then, filing of GSTR-1 will continue for the entire period Read more…
The government of India waived penalty on delayed filing of initial GST returns for the months of August and September. “To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived,” Finance Minister Arun Jaitley said on tweeted. From the GST Tweets: from Read more…
Finance Minister @ColumbiaSIPA: The world can look forward to a bigger & cleaner Indian Economy in the coming years. @FinMinIndia pic.twitter.com/XAOrou2gOT — India in New York (@IndiainNewYork) October 10, 2017 IGST refund Scroll for 271 Shipping Bills amounting ₹10.5 Crs generated . IGST refund will be credited soon in exporters Read more…
Followings were the major points for 22nf GST council meeting Turnover for composition scheme raised from ₹75 Lakhs to₹ 1 crores. E-way bill provisions deferred till April 2018. Reverse charge to be abolished till 31.03.2018. Quarterly returns for taxpayers with annual turnover less than ₹1.5 crores. Tax to be paid Read more…
Taxpayers can now make Core Field Amendments on the GST Portal. pic.twitter.com/iyJxUpRq7O — GST Tech (@askGSTech) September 27, 2017 Please follow these steps. pic.twitter.com/uOAepnAvH5 — GST Tech (@askGSTech) September 27, 2017 Taxpayers not receiving OTP on their registered mobile number and email id, please note. #FAQ #OTP pic.twitter.com/L2qlhe8i5O — GST Read more…
जीएसटी के तहत घर ख़रीदारों पर कोई अतिरिक्त बोझ नहीं हैं । माल और सेवा कर – अच्छा है सरल हैं #GSTSimplified pic.twitter.com/pdOsK6ElPc — GST@GoI (@askGST_GoI) September 16, 2017 No additional burden on Home Buyers under GST #GoodAndSImpleTax #GSTSimplified pic.twitter.com/KcIDRgxzuh — GST@GoI (@askGST_GoI) September 16, 2017
LIST OF GOODS FOR CHANGE IN GST RATE RECOMMENDED BY GST COUNCIL IN ITS 21st MEETING HELD ON 9TH SEPTEMBER, Read more here.
Very often, we believe the employer-employee relationship to be beyond the purview of indirect tax. The company, we figure, is only a juridical person and operates through the acts of its employees. A close look at Model GST Law (MGL) suggest that law makers have addressed several issues under existing Read more…
What is GST ?How it differs from Indirect tax ?How this law differs from existing tax system.We are trying to put this web series to help every one.
Guest on invitation The fresh registration window for GST no is going to start from 25th June 2017 for all those who do not have existing Service tax no, vat no or excise no can now directly apply for fresh GST no from 25th onwards. The following are the documents required Read more…
To Fill and Upload Income Tax ReturnTo Upload ITR , please follow the below steps: Step-1 Download the ITR preparation software for the relevant assessment year to your PC / Laptop from the "Downloads" page.
Step-2 Prepare the Return using the downloaded Software.
Gather all the information regarding your income, tax payments, deductions etc.
Pre-populate the personal details and tax payments/TDS by clicking on the 'Pre-fill' button. Compare with the information you have to ensure that nothing is left out.
Enter all data and click on 'Calculate' to compute the tax and interest liability and final figure of Refund or Tax payable
If Tax is payable- remember to pay immediately and enter the details in appropriate schedule. Repeat above step so that tax payable becomes zero
Generate and save the Income Tax Return data in XML format in the desired path/place on your PC/Laptop.
Step-3 Login to e-Filing website with User ID, Password, Date of Birth /Date of Incorporation and enter the Captcha code.
Step-4 Go to e-File and click on "Upload Return".
Step-5 Select the appropriate ITR, Assessment Year and XML file previously saved in Step 2 (using browse button).
Step-6 Upload Digital Signature Certificate (DSC), if applicable.
Please ensure the DSC is registered with e-Filing.
Step-7 Click on "Submit" button.
Step-8 On successful submission, ITR-V would be displayed (if DSC is not used). Click on the link and download the ITR-V. ITR-V will also be sent to the registered email. If ITR is uploaded with DSC, the Return Filing process is complete.
OR
The return is not uploaded with DSC, the ITR-V Form should be printed, signed and submitted to CPC within 120 days from the date of e-Filing. The return will be processed only upon receipt of signed ITR-V. Please check your emails/SMS for reminders on .non-receipt of ITR-V.
Upload Income Tax Return process is complete now.
Prepare and Submit ITR OnlineTo Prepare and Submit ITR Online, please follow the below steps : Step-1 Login to e-Filing website with User ID, Password, Date of Birth /Date of Incorporation and Captcha. Step-2 Go to e-File and click on "Prepare and Submit ITR Online". Only ITRs 1 and 4S can be filled online Step-3 Select the Income Tax Return Form ITR 1/ITR 4S and the Assessment Year. Step-4 Fill in the details and click the "Submit" button. Step-5 Upload Digital Signature Certificate (DSC), if applicable. Please ensure the DSC is registered with e-Filing. Step-6 Click on "Submit" button. Step-7 On successful submission, ITR-V would be displayed (if DSC is not used). Click on the link and download the ITR-V. ITR-V will also be sent to the registered email. If ITR is uploaded with DSC, the Return Filing process is complete. OR The return is not uploaded with DSC, the ITR-V Form should be printed, signed and submitted to CPC within 120 days from the date of e-Filing. The return will be processed only upon receipt of signed ITR-V. Please check your emails/SMS for reminders on .non-receipt of ITR-V. This ends the process of preparing & submitting ITR Online by Taxpayer. |
Individual Tax slab rate for FY 2016-17 and FY 2017-18 with illustration After introduction of Budget 2017, it has given Individual tax payers some significant relief for financial year 2017-18. We have presented below the scenario how the tax slabs for Individual taxation will change from finaicial year 2016-17 to Read more…
As you are aware that Union finance minister Arun Jaitely presented Finance Budget 2017 on 1st January 2017 with some exciting announcements for Individuals and Industry. Below are the Important take away from the Union Budget 2017 for you ready reference. For Individual Reduces income tax rate from 10% Read more…