GST EXEMPTION LIMIT FROM 01.04.2019 INCREASED TO RS 40.00 LACS CBIC in its Notification no 10/2019 issued on 07.03.2019 , said that Any person who is engaged in the exclusive supply of goods and whose aggregate turnover as per GST LAW does not exceeds Rs Forty Lacs , as the category of persons exempt from […]
BIG RELIEF FOR SMALL TAXPAYERS-GST COMPOSITION LIMIT INCREASED TO RS 1.5CR CBIC has issued notification for GST Composition Limit which are applicable from 01.04.2019 on various issues on 07.03.2019. Notification No 14/2019 dated 07.03.2019 has been issued to increase the limit for eligibility of composition scheme from Rs 1.00 Cr to Rs 1.5 Cr . From […]
NEW INCOME TAX RETURN FOR AY 2018-19 These ITR Forms are notified every year by the Central Board of Direct Taxes (CBDT). At the start of new Financial Year, the CBDT has released the new Income-tax return (ITR) Forms for the Assessment Year (AY) 2018-19. These ITR Forms will be applicable to file income-tax returns […]
ITR-4 : INCOME TAX RETURN FORM FOR PRESUMTIVE BUSINESS – AY 2018-2019 About 40 days since the commencement of new Financial Year , Income Tax Department has released the online utility for much awaited FORM ITR 4 – For Presumptive Income from Business and Profession and is available for download at the Income Tax E-filing […]
BLOCKED CREDITS IN GST U/S 17(5) OF GST ACT (a) motor vehicles for transportation of persons having approved seating capacity of not more than thirteen persons (including the driver), except when they are used for making the following taxable supplies, namely:—(A) further supply of such motor vehicles; or(B) transportation of passengers; or(C) imparting training on […]