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The full GST rate schedule for goods

The Goods and Services Tax (GST) Council on Friday finalised four tax rates of 5, 12, 18 and 28 per cent to apply on services including telecom, insurance, hotels and restaurants under the biggest tax reform since independence. According to Revenue Secretary Hasmukh Adhia, the council has also decided a 1 per cent Tax Collected at Source (TCS) Read More

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Exemption from Aaadhaar – PAN Linking

The Income-tax Department had recently made linking of Aadhaar & PAN madatory for assessees. A facility for the same was also introduced in the income tax efiling website www.incometaxindiaefiling.gov.in. Now the Income-tax Department vide its Notification No S O 1513(E) dtd 11th May 2017 has exempted the following assessees :- Persons residing in the States of Read More

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Tally New Release 5.5.7

What’s New in Release 5.5.7? Highlights New VAT Experience: Jammu and Kashmir, Dadra and Nagar Haveli ●     Generate accurate forms and annexures with ease. ●     You can view, verify, and correct any transactions before you export them to the relevant forms and annexures for filing your returns. ●     Enjoy the flexibility of defining tax rates at various levels Read More

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How to pay GST?

Every registered regular tax payer has to furnish GST returns on a monthly basis and pay the tax due by the 20th of the month. If a tax payer does not pay the tax due, interest on the tax due will be applicable from the day on which the tax was due to be paid. Read More

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