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GVAT UPDATE : PAYMENT OF TAX BY ELECTRONIC WAY IS NOW COMPULSORY.

NOW PAYMENT OF TAX OF Rs. 50,000/- OR MORE, MUST BE PAID BY WAY OF ELECTRONIC PAYMENT, FROM THE TAX PERIOD ENDED ON 31/12/2015, BY CIRCULAR DATED : 06/01/2016.

GVAT UPDATE : INCREASED RATE OF VAT AND CESS ON PETROL AND DIESEL

NEW RATE OF VAT AND CESS ON PETROL AND DIESEL IS APPLICABLE FROM 06/01/2016 BY CIRCULAR DATED : 05/01/2016.

HAPPY NEW YEAR

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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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