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REMINDER : PAY VAT AND/OR SERVICE TAX

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    (1) SERVICE TAX   IS BEING PAYABLE (ELECTRONICALLY), ON OR BEFORE 06/01/2016 , FOR THE TAX PERIOD ENDING ON 31/12/2015.   (2) VAT IS BEING PAYABLE , ON OR BEFORE 12/01/2016 OR 22/01/2016 (AS APPLICABLE), FOR THE TAX PERIOD ENDING ON 31/12/2015.

UPDATE SERVICE TAX : 0.5% FOR SWACHH BHARAT CESS

0.5% will be applicable for Swachh Bharat Cess from 15/11/2015 by Notification No. 22/2015. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the 6 th November, 2015 Notification No. 22/2015-Service Tax G.S.R. ---(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) read with sub-section (5) of section 119 of the Finance Act, 2015 (20 of 2015), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all taxable services from payment of such amount of the Swachh Bharat Cess leviable under sub-section (2) of section 119 of the said Act, which is in excess of Swachh Bharat Cess calculated at the rate of 0.5 percent. of the value of taxable services: Provided that Swachh Bharat Cess shall not be leviable on services which are exe...

REMINDER : PAY VAT AND/OR SERVICE TAX

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      (1) SERVICE TAX   IS BEING PAYABLE (ELECTRONICALLY), ON OR BEFORE 06/10/2015 , FOR THE TAX PERIOD ENDING ON 30/09/2015.   (2) VAT , FOR MONTHLY/QUARTERLY DEALERS, IS BEING PAYABLE , ON OR BEFORE 12/10/2015 OR 22/10/2015 (AS APPLICABLE), FOR THE TAX PERIOD ENDING ON 30/09/2015.

Happy Independence Day

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Happy Gurupurnima

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GVAT UPDATE : MORE EXTENTION OF TIME LIMIT FOR CIVIL WORKS CONTRACTORS

ONCE AGAIN THE TIME LIMIT IS EXTENDED FOR THE REMISSION FOR CIVIL WORKS CONTRACTORS IN GVAT ACT BY CIRCULAR Dtd : 03/06/2015.

INCOME TAX CIRCULAR ABOUT TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS

THE CIRCULAR NO. 13 OF 2015 IS PUBLISHED ON 06/07/2015 FOR THE CLARIFICATIONS ON TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSET.

INCOME TAX CIRCULAR : ABOUT INSTRUCTIONS TO SUBORDINATE AUTHORITIES - CONDONATION OF DELAY IN FILING REFUND CLAIM AND CLAIM OF CARRY FORWARD LOSSES UNDER SECTION 119(2)(b)

THERE HAS BEEN PUBLISHED A CIRCULAR No. 9/2015, REGARDING THE ABOVE SUBJECT ON 09/06/2015.

CIRCULAR ABOUT SCRUTINY OF SERVICE TAX RETURNS

FOR SCRUTINY OF SERVICE TAX RETURNS A BIG DETAILED MANUAL IN CIRCULAR NO. 185/4/2015-SERVICE TAX HAS BEEN PUBLISHED.

Happy Monsoon

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તા.૦૧/૦૬/૨૦૧૫ થી લાગુ સર્વિસ ટેક્સ માં તથા સ્થાવર મિલકતના હસ્તાંતરના વ્યવહાર માટે આવક વેરામાં ખૂબ જ મહત્વનો સુધારો*

(૧) નોટીફીકેશન નં. ૧૪/૨૦૧૫ મુજબ તારીખ ૧ જુન, ૨૦૧૫ થી ૧૪% સર્વિસ ટેક્સ લાગુ થાય છે. THE NOTIFICATION No. 14/2015 . તેમજ (૨) આવેલા નાણાકીય બજેટ-૨૦૧૫ના સુધારા મુજબ, તારીખ ૧ જુન, ૨૦૧૫ થી આવક વેરાના કાયદાની કલમ-૨૬૯એસએસ / કલમ-૨૬૯-ટી મુજબ કોઈ પણ સખ્શ દ્વારા સ્થાવર મિલકતના હસ્તાંતરના વ્યવહારના સંદર્ભમાં રૂપિયા ૨૦,૦૦૦/- કે તેથી વધારે રકમ એડવાન્સ કે અન્ય કોઈ પણ સ્વરૂપે, એકાઉન્ટ પેયી ચેક / ડ્રાફ્ટ અથવા બેંકની ઈલેક્ટ્રોનિક ક્લીયરીંગ સિસ્ટમ સિવાય આપી કે સ્વીકારી શકાશે નહિ. REFER FINANCE ACT GUIDE FOR RELEVANT AMENDMENT MADE BY FINANCE ACT, 2015.  *આ માટે જરૂરી લાગુ પડતા અદ્યતન કાયદા તથા સર્ક્યુલર, નોટીફીકેશનને ધ્યાને લેવા જરૂરી છે.

UPDATE : RATE OF SERVICE TAX @ 14%

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14% RATE OF SERVICE TAX IS APPLICABLE FROM 1st JUNE, 2015 BY THE NOTIFICATION No. 14/2015 .

સ્થાવર મિલકતના હસ્તાંતરના વ્યવહાર માટે આવક વેરામાં ખૂબ જ મહત્વનો સુધારો

આવેલા નાણાકીય બજેટ-૨૦૧૫ના સુધારા મુજબ, તારીખ ૧ જુન, ૨૦૧૫ થી આવક વેરાના કાયદાની કલમ-૨૬૯એસએસ / કલમ-૨૬૯-ટી મુજબ કોઈ પણ સખ્શ દ્વારા સ્થાવર મિલકતના હસ્તાંતરના વ્યવહારના સંદર્ભમાં રૂપિયા ૨૦,૦૦૦/- કે તેથી વધારે રકમ એડવાન્સ કે અન્ય કોઈ પણ સ્વરૂપે, એકાઉન્ટ પેયી ચેક / ડ્રાફ્ટ અથવા બેંકની ઈલેક્ટ્રોનિક ક્લીયરીંગ સિસ્ટમ સિવાય આપી કે સ્વીકારી શકાશે નહિ.

VERY IMPORTANT UPDATE IN INCOME TAX IN TRANSFER OF IMMOVABLE PROPERTY

IN CASE OF TRANSFER OF PROPERTY, THE AMOUNT OF Rs. 20,000/- OR MORE CANNOT BE GIVEN OR ACCEPTED AS ADVANCE OR IN ANY OTHER FORM, FROM ANY PERSON, OTHERWISE BY ACCOUNT PAYEE CHEQUE/DRAFT OR BY ELECTRONIC CLEARING SYSTEM THROUGH A BANK ACCOUNT. AS PER THE AMENDMENT IN SECTION 269SS / 269T OF THE INCOME TAX ACT, 1961 WITH EFFECT FROM 1st JUNE-2015. REFER FINANCE ACT GUIDE FOR RELEVANT AMENDMENT MADE BY FINANCE ACT, 2015.

UPDATE : TDS ON EXEMPTED INCOME U/S. 10(26BBB)

THERE HAS BEEN PUBLISHED THE CIRCULAR No. 7/2015 FOR THE DEDUCTION OF TAX ON EXEMPTED INCOME U/S. 10 (26BBB).

NOTIFICATION ABOUT E-FILING OF INCOME TAX RETURN

THERE HAS BEEN PUBLISHED A NOTIFICATION ABOUT E-FILING OF INCOME TAX RETURN.

NOTIFICATION FOR THE APPLICATION OF PANo.

THERE HAS BEEN MADE SOME CHANGES FOR THE APPLICATION OF PANo. BY THE NOTIFICATION . (DATED : 10/04/2015).

ABOUT DEDUCTION OF TRANSPORT ALLOWANCE

DEDUCTION OF TRANSPORT ALLOWANCE FROM THE TAXABLE SALARY HAS BEEN INCREASED BY THE NOTIFICATION .

Under GVAT Act : Order specifying all taxable goods and electronic system for form 402_403_405

NON USE OF ROAD PERMIT IN FORM 402/403/405, WILL LEAD TO PENALTY AS PER THE ORDER No. GVL/VAT/Sec. 68 and 69/(1)

CLARIFICATION OF RATE OF SERVICE TAX

THERE HAS BEEN PUBLISHED THE Circular No. 183 / 02 / 2015-ST FOR THE CLARIFICATION OF RATE OF SERVICE TAX ON 10/04/2015. PLEASE REFER THE GOVERNMENT CIRCULAR ON THE GOVERNMENT WEBSITE. Circular No. 183 / 02 / 2015-ST F. No. B-1 /1/2015-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) *** Room No. 153, North Block, New Delhi. Dated 10 th April, 2015. To Chief Commissioner of Customs and Central Excise( All) Chief Commissioner of Central Excise & Service Tax (All) Director General of Service Tax Director General of Central Excise Intelligence Director General of Audit Commissioner of Customs and Central Excise (All) Commissioner of Central Excise and Service Tax (All) Commissioner of Service Tax (All) Madam/Sir, Dear Madam/Sir, Subject: Clarification on rate of service tax - regarding. Doubts have been expressed in various forums regarding the proposed increase in the rate of service tax from 1...

SHORT TIME : REMISSION FOR CIVIL WORKS CONTRACTORS IN GVAT

SHORT TIME REMAINS FOR THE NOTIFICATION OF REMISSION OF INTEREST AND PENALTY FOR CIVIL CONTRACTORS IN GVAT : FIRST CIRCULAR WITH APPLICATION

HAPPY NEW FINANCIAL YEAR

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TIME TO PAY ADVANCE TAX OF INCOME TAX

PAYMENT OF ADVANCE TAX 3rd INSTALLMENT (4th INSTALLMENT FOR THE COMPANIES) F OR F Y 2014-15, OF INCOME TAX IS NOW BEING PAYABLE ON OR BEFORE 15 MARCH, 2015.

TIME FOR THE PAYMENT OF SERVICE TAX

SERVICE TAX IS BEING PAYABLE BY WAY OF E-PAYMENT, ON OR BEFORE 31/03/2015, FOR THE TAX PERIOD ENDING ON 31/03/2015.

TIME LIMIT FOR GVAT RETURN & AUDIT OF F Y 2013-14 AND WORKS CONTRACTS SCHEME .

TIME LIMIT HAS BEEN EXTENDED FOR DUE DATES OF VERY IMPORTANT TWO DIFFERENT SUBJECTS IN GVAT ACT : (1) RELATED CIRCULAR FOR GVAT RETURNS & AUDIT FOR F Y 2013-14. (2) RELATED CIRCULAR FOR TIME LIMIT OF WORKS CONTRACT SCHEME.

TIME LIMIT TO FILE GVAT RETURN FOR F Y 2013-14

LAST DATE TO FILE THE ANNUAL GVAT RETURN FOR THE F Y 2013-14 IS 31/01/2015. PLEASE REFER RELATED THE CIRCULAR .

HAPPY REPUBLIC DAY FROM RUPAREL AND RUPAREL

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RATES OF TDS FOR SALARY PAYMENT FOR THE F.Y. 2014-15

CENTRAL BOARD OF DIRECT TAXES HAS RELEASED THE CIRCULAR NO. 17/2014 ON 10/12/2014 FOR THE RATES OF TDS U/S. 192 OF THE INCOME TAX ACT, 1961 USEFUL GUIDELINE IS ALSO IN THE CIRCULAR. TO DOWNLOAD THE CIRCULAR OF 70 PAGES CLICK ON THE LINK. DOWNLOAD :  The link of circular.

EXTENTION OF TIME LIMIT FOR CIVIL WORKS CONTRACTORS IN GVAT ACT

TIME LIMIT EXTENDED FOR THE REMISSION FOR CIVIL WORKS CONTRACTORS IN GVAT ACT. LINK OF CIRCULAR :  LINK FOR THE RELATED CIRCULAR

BEST WISHES FOR UTRAYAN

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CIRCULAR FOR TIME LIMITE FOR CIVIL WORKS CONTRACTORS IN GVAT ACT

(1) http://commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/CIR/Time%20limit%20for%20application%20for%20civil%20works%20contract%20scheme.pdf

NEW GUIDLINE AND EASY STEPS FOR 402/403/405 OF GVAT ACT

(1) http://commercialtax.gujarat.gov.in/vatwebsite/download/Guideline%20for%20form%20402-403-405-09Jan15.pdf (2) http://commercialtax.gujarat.gov.in/vatwebsite/download/Transit-Pass-User-Manual_24112014.pdf

REMISSION FOR CIVIL WORKS CONTRACTORS IN GVAT.

TIME LIMIT FOR THE NOTIFICATION OF REMISSION OF INTEREST AND PENALTY FOR CIVIL CONTRACTORS IN GVAT : http://commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/CIR/Civil%20works%20contract.pdf

FILING OF GVAT RETURNS

IT'S TIME TO FILE GVAT RETURNS FOR THE TAX PERIOD ENDED ON 31/12/2014.

GUIDLINE FOR 405 OF GVAT ACT

DOWNLOAD BY CLICKING ON ..... http://commercialtax.gujarat.gov.in/vatwebsite/download/Transit-Pass-User-Manual_24112014.pdf

PAY SERVICET TAX AND TDS

IT'S TIME TO PAY SERVICE TAX AND TDS FOR THE PERIOD ENDING ON 31/12/201 4.