The Central Government vide Notification No. 38/2021-CT dated 21.12.2021 has notified January 1, 2022 as the implementation date for Rule 10B of CGST Rules, 2017. In the said rule, it is mandatory for the registered…
[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.2/2017-Central Tax (Rate) G.S.R. (E).- In exercise of the…
Following are the highlights of Notification No. 39/2021 – Central Tax Dated: 21st December, 2021 which will come into effect from 01.01.2022 Section 7 of the CGST Act shall be amended retrospectively w.e.f 1st July, 2017…
Applicability of the Bonus Act 1965 This act is applicable to the whole of India. This Act shall apply to the following: • every factory; and • every other establishment in which twenty or more…
TDS ON DIVIDENDS SECTION 194 Who is responsible to deduct tax The principal officer of a domestic company paying dividend u/s 2(22) to any resident shareholder. Note: In the following cases, tax is not required…
Some important questions regarding Accounts and Records Under GST Q 1. Where should we maintain the Records? Section 35 of the CGST Act and “Accounts and Records” Every registered person shall keep and maintain, at…
Press Release Date 23rd April 2018 Issues regarding “Bill To Ship To” for e-Way Bill under CGST Rules, 2017 A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill…
Deduction of TDS on Withdrawal from PF The section 192A of the Indian Income Tax Act deals with tax deducted at source on PF withdrawals. This is a new section recently in the existing Income Tax Act…