Income Tax Returns filed in current fiscal rises 25%, Advance Tax collections up by 41%, says Finance Ministry
As a result of demonetisation and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(ITRs) filed. The number...
![RCM Applicable to Legal Services by Advocates/ Firms under GST till further Orders: Delhi HC Questions Legal Validity of Finance Ministry’s Press Release [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/03/Service-Tax-for-Senior-Advocates-Tax-Scan.jpg "RCM Applicable to Legal Services by Advocates/ Firms under GST till further Orders: Delhi HC Questions Legal Validity of Finance Ministry’s Press Release [Read Order]")
Any Registered Person Dealing with Second hand Goods can avail the Benefit of Margin Scheme under GST: Govt
In a recent statement, the Central Government clarified that any registered person dealing in buying and selling of second hand goods can avail the benefit of Margin scheme subject to the conditions...
Sale of Old Jewellery by an individual to a Jeweller will not make jeweller liable to pay Tax under RCM, says Finance Ministry
However, if an unregistered supplier of gold ornaments sells it to registered supplier, the tax under RCM will apply. In the GST Ki Master Class held yesterday, in one of the replies given to an...
Services provided by Housing Society Resident Welfare Association not to become expensive under GST, says Finance Ministry
There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime. While denying the wrong press reports, the Ministry of Finance today clarified that,...
Finance Ministry issues Clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply
Any person who has been granted PID and who opts for composition scheme, should submit an intimation of option in a prescribed form on GSTN on or before 21st July, 2017, says Finance Ministry. ...
Finance Ministry postpones implementation of provision relating to TDS (Section 51) and TCS ( Section 52) of the CGST / SGST Act
With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51...
