Budget 2019 Highlights

No change in personal income tax rates  Inter change ability of PAN and Aadhar for ease and convenience of taxpayers! Income Tax return can be filed using Aadhar Number!! Petrol, diesel to get pricier: Govt hike custom duty by Rs. 1 on fuel, Duty hike on gold and precious items also. Interest […]

35th GST Council Meeting Highlights

Highlights of 35th GST Council Meeting The 35th GST Council meeting concluded with consensus on the following matters 1. GST annual return due date extended till 31 August 2019 for FY 2017-18 The due date for filing GSTR-9, GSTR-9A, and GSTR-9C for the FY 2017-18 has been extended by two months, […]

Provisions of GST Effective From 1st April 2019

Provisions Before 1st April 2019 Provisions After 1st April 2019 Threshold Limit for Registration in case of goods (allover India) except persons engaged in making Supplies in the state of Arunacahal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikim, Telengana, Tripura, Uttrakhanad– Rs. 20 lakhs Threshold Limit for Registration in case of goods (allover India) except persons engaged in making […]

Details to be Mentioned in GSTR-3B Form

Details to be Mentioned in GSTR-3B Form GSTR-3B is divided into 6 sections. These details are further broken down into the following. For each of these you must provide, the total taxable value (total which has been invoiced). And then further break this up into IGST, CGST, SGST/UTGST and cess if any. […]

Bugdet 2019

Key highlights: Modi’s election budget explained in 10 easy points  Taxation: * Tax rebate raised for income up to Rs 500,000 * Benefit of rollover of capital tax gains increased from one residential house to two houses * This roll over on capital gains up to Rs 2 crore can be […]