Annual Return Formats Notified

Posted on September 5, 2018

The government has come up with Annual Return Formats for FY 2017-18 wide Notification No. 39/2018-Central Tax ,dt. 04-09-2018.

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Posted in GST Update |

Be a Part of an Annual Conference on TDS and Get Valuable Insights

Posted on August 3, 2018

Tax Deduction at Source: Issues, Problems and Recent Developments

PHD chamber of commerce and industry is a leading and dynamic government body that works at the grass root level with a mission of Skilling India for Global Competitiveness. The multi-state apex organisation makes a significant contribution to the socio-economic development and capacity building by enhancing awareness, advocating research-based policies and other suitable methods.

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Posted in Direct Tax |

CbCR Appropriate usage guidance released by CBDT

Posted on July 3, 2018

CBDT has released the much awaited guidance on usage of Country-by-Country Reports (CbCR) informationvide Instruction No. 2/2018. The guidance pertains to the appropriate use of CbCR information. With this, the uncertainty and apprehensions on appropriate use of detailed information/ data filed as part of CbCR,has been addressed by CBDT. Some of the key points, inter alia, of the Instruction are as follows:

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Posted in Transfer pricing |

Sixth Amendment to CGST Rules, vide notification no. 28/2018-Central Tax dated 19.06.2018

Posted on June 21, 2018

The list of changes are here-under:

  1. In Rule 58, Sub-Rule (1A) has been inserted for transporter who is registered in more than one State or Union Territory having the same Permanent Account Number, he may apply for a unique common enrolment number by submitting the details in FORM GST ENR-02 using any one of his GSTINs.

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Posted in GST |

Filling of Statement of Financial Transaction (SFT) for Financial Year 2017-18 – 31st May 2018 Timeline

Posted on May 9, 2018

Section 285BA of Income Tax Act, 1961 (‘Act’) read with Rule 114E of Income Tax Rules, 1962 (‘Rules’) requires certain persons/entities to furnish a return/ statement of specified financial transactions (‘SFT’) as mentioned in such Rule 114E.

Rule 114E specifies 13 numbers of transactions, information in respect of which is to be filed by the persons stated in such Rule.

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Posted in Direct Tax |