financial services · GST

The Responsibility and Enrollment of a GST Practitioner in India

Goods and Services Tax, popularly known as GST has always been the talk of the town. GST was successfully implemented on 01st of July 2017. GST was launched to overhaul the entire Indirect Tax Regime of the country and to make it easy to do business in India. Individuals registered under GST are required to… Continue reading The Responsibility and Enrollment of a GST Practitioner in India

financial services · GST

How has GST Impacted the Import Sector in India?

Under the new GST regime, both the imports and exports of goods and services in India would be treated as the supply of goods or services within the course of inter-state trade and commerce and they will attract IGST. Article 269-A of GST Act constitutionally mandates that the supply of goods or services or both… Continue reading How has GST Impacted the Import Sector in India?

financial services

Method for Verifying if your Aadhar is linked with PAN Back

The Income Tax Department has notified that, “Every person who has been allotted PAN as on July 1, 2017, and who in accordance with the provisions of sub-section (2) of section 139AA is required to intimate his Aadhaar number, shall intimate his Aadhaar number to the principal director general of income tax (systems) or DGIT… Continue reading Method for Verifying if your Aadhar is linked with PAN Back

financial services · Income Tax · Taxation

The Amendments in Income Tax Filing in 2017 Back

To simplify tax filing process and to reduce the burden of taxation on the taxpayer, the Central Board of Direct Taxes (CBDT) has made several changes in the tax filing process of the year 2017. The changes which will be applicable from Financial Year 2016-17 are as follows: Change in the Tax Rate The Government… Continue reading The Amendments in Income Tax Filing in 2017 Back

financial services · Income Tax · Taxation

What happens if you miss the deadline for filing Income Tax Returns? Back

Every year, individual taxpayers are required to file their income tax returns by July 31st. This date is known as the due date of filing of income tax return. The government of India may also extend this due date as they deem fit. For the FY 2016-17, the deadline to file the income tax return… Continue reading What happens if you miss the deadline for filing Income Tax Returns? Back