Provisional IDs and Passwords of taxpayers registered in February and March 2017 and also who’s Provisional IDs and Passwords were cancelled due to State VAT registration cancellation, are now available for GST enrollment. The enrollment process on GSTN portal (gst.gov.in) would begin from 1st June to 15th June’17 (Only 15 days, last opportunity to get migrated to GST).
The Finance Act 2013-14 introduced TDS on Payment on transfer of certain immovable property other than agricultural land at the rate of 1% where the consideration for the transfer of an immovable property is Rs.50 Lakhs or above u/s 194IA.
From July’17 with the introduction of GST the Real Estate is becoming costlier with higher tax. Air conditioners and Refrigerators are becoming costlier post GST as they are coming under the tax bracket of 28%. […]
Dining out get expensive: GST on Non-AC restaurants will be 12%. 18% GST will be levied at air-conditioned restaurants with liquor license. Cab rides are marginally cheaper: Present rate of tax is 6% and […]
Impact of GST on both enterprises and consumers, a commentary from Tax Experts from EZTax India
Do not take unusual excuses which the British Governments Tax Collector would receive generally from the Customers who fails to file their return in time such as “My tax return was on my yacht … which caught fire” “A wasp in my car caused me to have an accident and my tax return, which was inside, was destroyed,” was another, . “My wife helps me with my tax return, but she had headache for 10 days” while several blamed children, partners or colleagues for inadvertently destroying their forms.