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Income Tax department withdraws circular on transfer of shares for ‘no or inadequate consideration
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Jan 7, 2019
Photo Credit: Financial Express The Income Tax Department has withdrawn a four-day old circular relating to transfer of shares for “n...
GST ministerial panel favours Kerala levying 1% cess for 2 years
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 7, 2019
The ministerial panel under Bihar Deputy Chief Minister Sushil Modi Sunday approved levy of 1% ‘calamity cess’ by Kerala for a period o...
Finance and Accounting – Change of Role Needed in Growth Story of Business Entities
Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Last updated on Jan 2, 2019
Finance and Accounting have traditionally been identified as leaders in providing information for the management of performance of variou...
Govt waives late fee for non-filers of GST returns between July ’17-Sept ’18
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 2, 2019
Photo Credit: CNBC TV The government has waived late fees for non-filers of summary and final sales returns for the July 2017-September...
Government notifies new annual GST return forms
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 2, 2019
Photo Credit: News 18 The government has notified new annual GST return forms, which are required to be filed by businesses registered ...
Government in favour of bringing construction related material in 5% GST slab
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 2, 2019
Photo Credit: HT The government is in favour of bringing construction related material in the 5 per cent slab of GST, Prime Ministe...
Karnataka CM Kumaraswamy Seeks Extension of GST Compensation Till 2025
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 28, 2018
Karnataka wants the Central government to extend compensation of the Goods and Services Tax (GST) to the state till 2025 from 2022 as sti...
GST Council Recommends 5% GST Rate for 70% of Solar Project Cost
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 27, 2018
After waiting for months for clarity on Goods and Services Tax (GST) rates, the GST Council has now given its recommendations on solar po...
Industry demands 5 per cent GST on all sports goods
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Dec 27, 2018
Sports goods manufacturers Wednesday demanded a lower GST of 5 per cent for the sector from the existing 12-18 per cent, noting that the ...
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