TaxIndiaUpdates.In : GST, Service Tax, Income Tax, VAT, Tax Planning

FAQs on Concept of Input Service Distributor in GST

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5616 views

FAQs on Concept of Input Service Distributor in GST Q 1. What is Input Service Distributor (ISD)? Ans. ISD means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document … Continue Reading →

Goods and Service Tax

FAQs on Appeals, Review and Revision in GST

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5979 views

FAQs on Appeals, Review and Revision in GST Q 1. Whether any person aggrieved by any order or decision passed against him has the right to appeal? Ans. Yes. Any person aggrieved by any order or decision passed under the GST Act(s) has the right … Continue Reading →

Goods and Service Tax

FAQs on Meaning and Scope of Supply in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments4995 views

FAQs on Meaning and Scope of Supply in GST Law Q 1. What is the taxable event under GST? Ans. The taxable event under GST shall be the supply of goods or services or both made for consideration in the course or furtherance of business. … Continue Reading →

Goods and Service Tax

FAQs on Electronic Commerce in GST Law

June 9, 2017June 9, 2017 TaxIndiaUpdates In0 comments5254 views

FAQs on Electronic Commerce in GST Law Q 1. What is Electronic Commerce? Ans. Electronic Commerce has been defined to mean the supply of goods or services or both, including digital products over digital or electronic network. Q 2. Who is an e-commerce operator? … Continue Reading →

Goods and Service Tax

FAQs on Refunds in GST Law [Goods and Services Tax]

June 9, 2017June 10, 2017 TaxIndiaUpdates In0 comments5152 views

FAQs on Refunds in GST Law Q 1. What is refund? Ans. Refund has been discussed in section 54 of the CGST/SGST Act. “Refund” includes (a) any balance amount in the electronic cash ledger so claimed in the returns, (b) any unutilized input … Continue Reading →

Service Tax

Cenvat Credit can be used for Mandatory Pre-Deposit in Filing Service Tax and Excise Appeal

June 7, 2017June 7, 2017 TaxIndiaUpdates In0 comments7520 views

The Hon’ble CESTAT, Kolkata in case of M/s. Manaksia Ltd. Vs. Commissioner of Central Excise, Haldia has held that Cenvat Credit can be used for Mandatory Pre-Deposit in Filing Service Tax and Excise Appeal. In para 5.1 of the decision the tribunal has held that … Continue Reading →

Public News

CBI Arrests Assistant Commissioner of Central Excise, Mumbai in Bribery Case of Rs.1.25 crore

May 11, 2017 TaxIndiaUpdates In0 comments2863 views

CBI ARRESTS AN ASSISTANT COMMISSIONER OF CENTRAL EXCISE & A PRIVATE PERSON IN AN ALLEGED BRIBERY OF RS.1.25 CRORE (APPROX) Press Release New Delhi, 08.05.2017 The Central Bureau of Investigation has arrested an Assistant Commissioner of Central Excise, LTU, Mumbai and a private person while … Continue Reading →

Mutual Funds

SEBI Circular: Instant Access Facility and Use of E-Wallet for Investment in Mutual Funds

May 11, 2017February 28, 2026 TaxIndiaUpdates In0 comments6411 views

Instant Access Facility and Use of E-Wallet for Investment in Mutual Funds A. Instant Access Facility (IAF) IAF facilitates credit of redemption proceeds in the bank account of the investor on the same day of redemption request. In order to further enhance the reach … Continue Reading →

Goods and Service Tax

Revenue Secretary Dr. Adhia holds detailed review of IT-Preparedness for the Roll out of GST from July 01, 2017

May 11, 2017 TaxIndiaUpdates In0 comments3217 views

Revenue Secretary Dr. Hasmukh Adhia holds detailed review of IT-Preparedness for the Roll out of GST from July 01, 2017 60.5 lakh taxpayers out of 84 lakh enrolled as of now; Registration to be reopened for 15 days from 01st June, 2017. Out of 62,937 … Continue Reading →

Income Tax

Income Tax Department Simplifies linking PAN with Aadhaar

May 11, 2017 TaxIndiaUpdates In0 comments4855 views

Income Tax Department simplifies linking PAN with Aadhaar for taxpayers using Income Tax India website; No need to login or be registered on the E-filing website for linking The Income Tax (IT) Department has made it easy for taxpayers to link their PAN with … Continue Reading →