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2019

GST Rates applicable to Accommodation Services and Restaurants

Introduction of GST has benefited the hospitality industry due to standardized and uniform tax rates, and easy and better utilization of input tax credit. GST abolishes several taxes, leading to a reduction in procedural steps and easy availment and utilization of input tax credit. Under the GST regime there will be only a single charge on the bill and it would give the customers a clear picture of the tax they are paying.

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2019

Income Tax Return Filing Checklist

The Income Tax Return Filing due dates for Previous Year 2018-19 (Assessment Year 2019-20) are 31st July 2019 for Individuals, HUF, BOI & AOP and 30th September 2019 for businesses which are required to get their accounts audited. There are many queries and confusions particulars to individuals while filing ITR. In this article we will try to cover all the important topics everyone must keep in mind before filing ITR.

2019

Amendment in E mail ID Mobile Number of Primary Authorized Signatory on GST Portal

  • Tax Payers have registered in GST Regime either as migrated category based on provisional ID provided based on existing registration (VAT/Service Tax/ Excise, etc) or have obtained fresh registration post commencement of GST.
  • In many cases they have obtained the assistance of tax professional or have registered on their own.
  • While obtaining registration number or enrolling they provided email id or mobile number which may require to be changed now since they have changed the professional, employees have left the organisation whose details were provided.
  • It becomes a cumbersome process to change the mobile number or email id of primary authorized signatory on GSTN Portal.

2019

Notified Changes in Format of Form 16 Salary Certificate

The Central Board of Direct Taxes has notified the changes in Form 16 (TDS Deduction Certificate) issued by Employer. The new changes would be effective from May 12, i.e. before the last date for issue of Form 16.

2019

Important Changes in Income Tax Act

The Interim Budget 2019 has brought a sigh of relief to the common men due to some important announcements pertaining to tax relief. These amendments are applicable from FY 2019-20 starting from 1st April 2019. The corresponding Assessment Year for the same is 2020-21. Let us take a quick look at the important changes in Income Tax rules from a personal tax perspective.

2019

FAQs on GST Annual Return GSTR 9

GSTR – 9 is an Annual Return to be filed by the registered taxpayers under GST. It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGST and IGST.

In 31st meeting of GST Council held on 22nd December 2018 GST council recommended further extension for filing of GSTR-9 up to 30th June 2019 for financial year 2017-18 and same was extended by CBIC Order No. 03/2018-Central Tax dated 31st December, 2018. Here are some Frequently Asked Questions related to GSTR 9.

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