Government of India has given the facility of updating the AADHAAR CARD using UIDAI Portal. Any person can update his or her aadhaar details using online facility for free. Given the fact that an Aadhar Card is a single document. So individual can present it as proof of ID or address. Furthermore, it includes individual’s retina… Read More »
Central Board of Direct Taxes has issued the Income Tax notification for new cost of inflation index for calculating Capital Gain as per section 48 of the Income Tax Act 1961. CBDT through Notification No. 44/2017/F.No.370142/11/2017-TPL has fixed the CII for Income Tax Capital gain calculation base year as 2001-02 i.e. all the assets purchased… Read More »
Now new facility has been activated on GST portal for checking GST registration status and in current scenario checking the GST migration status from VAT, Service Tax and Excise. So all the existing dealers can check their GST migration status using registration number, Provisional ID or PAN Number of the firm. Please note that PAN… Read More »
As per the GOODS AND SERVICES TAX RULES, 2017, i.e. GST Rules 2017, following person can enroll and act as GST Practitioner under GST Act & rules. Three Documents are Compulsory PAN, AADHAR, Graduation or Professional Degree and once we submit the application enrollment certificate will be issued Form GST PCT-02 to GSTP Who can apply for GST Practitioner… Read More »
CBDT through Notification no F.No.279/Misc/M-63/2017-IT dated 31st May 2017 has extended the last date of submission of Form 61A for Statement of Financial Transaction (SFT) to 30th June 2017. SFT is required to be submitted for FY 2016-17 i.e AY 2017-18. In case of non compliance of rule 114E penalty of Rs 100 per day of… Read More »
GST Council in its 14th Meeting in Srinagar has finalized the list of services which are exempted from GST Act. Intention of the government is give benefits to exemption to lower income persons like Medical Services & Education are exempted from GST or Services relating to cultivation of plants and rearing of all life forms… Read More »
Government of India has finally decided to abolish service tax and replace it with Goods and Service Tax (GST). GST Rate on Services in India is finalized by the GST Council and on 18th-19th May 2017 in 14th Meeting of GST Council, GST rates on services has been fixed with GST implementation date has been… Read More »
GST Council Meeting held on 18th May, 2017 has finalised the GST Tax Rate and GST rate has been finalised in 7 slabs of 0%, .25%, 3%, 5%, 12%, 18% and 28% and cess on different products like Cars, Tabacco etc. In the next GST Council held on 3rd June 2017 rates of few more… Read More »
Why Aaddhar Enrollment Form is required if all the details filled online and personal data is captured through Biometric device at Aadhaar enrollment center. Every Individual who has applied or who wants to apply for aadhaar number has to submit the Aadhaar Enrollment form with Proof of identity, Proof of Date of Birth and Proof… Read More »
After coming to Power PM Modi Lead BJP Government has taken different steps for ease of doing business for small as well as large enterprises. One of the Steps taken by them is providing online business registration for small business through AADHAAR Number and termed this registration as UAM Registration( Udyog Aadhaar Memorandum Registration, Previously… Read More »