Tuesday, 8 November 2016

Goods and Service Tax Registration starts

Goods and Service Tax Network (GSTN) has provided the procedures for the transition to the GST for the existing taxpayers of VAT, Service Tax and Central Excise at the website www.gst.gov.in. The schedule of the enrolment activation drive for states is given in the table below. 




Thursday, 3 November 2016

Final GST rates declared by GST Council

A four tier GST tax structure of 5, 12, 18 and 28 per cent, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess, was decided by the GST Council today. 




๐Ÿ“˜ Section 194T of the Income Tax Act: TDS on Payments to Partners by Firms and LLPs

  The Income Tax Act has introduced a brand-new section – Section 194T – that changes how partnership firms and LLPs deal with payments to ...