Professional & Business News House

20/10/2017

06/10/2017

Dated 06-10-2017 regarding 22nd Key Points

1. - Threshold Limit Increased to 1Cr from 75 Lac, and in notified state to 75Lac from 50Lac
2. Can Now Provide Exempt Services- It has been decided that such persons who are otherwise eligible for availing the composition scheme and are providing any exempt service, shall be eligible for the composition scheme.
3. Unregistered Service Provider having turnover upto 20 Lac* can now provide interstate taxable supplies of services
4. Person having Turnover upto 1.5cr to file Quarterly Return and Pay Tax Quarterly- starting from the Third Quarter of this Financial Year i.e. October-December, 2017.
5. Reverse charge mechanism under Section 9(4) of the CGST Act, 2017 and Section 5(4) of the IGST Act, 2017 shall be suspended till 31.03.2018.
6. Received- Taxpayers having Turnover upto 1.5cr not required to pay tax on advance received for supply of Goods.
7. Service-services provided by a GTA to an unregistered person shall be exempted from GST.
8. * under / and its operation is postponed till 31.03.2018.
9. E-way bill system shall be now operational from 01.04.2018
10. for filing the return in FORM GSTR-4 by Composition Dealer* for the quarter July-September, 2017 extended to 15.11.2017.
11. for filing the return in FORM GSTR-6 by Input Service Distributor* for the months of July, August and September, 2017 shall be extended to 15.11.2017.
12. are being modified to provide relief to certain classes of registered persons.

05/10/2017

Institute of Chartered Account of India (ICAI) president Nilesh Vikamsey’s daughter, who went missing on Wednesday, was found dead under mysterious cicrumstances in Mumbai on Thursday.

Mumbai Police said the deceased has been identified as Pallavi Vikamsey, 21-year-old.

Pallavi was missing since Wednesday. She was an intern with Oasis Counsel.

Police said that the deceased was missing since Wednesday. Pallavi was returning home from a law firm in Fort where she was interning. She lives in Parel with her family.

GRP Police sources said that see was last seen boarding a train from platform no. 5 at the CST station.

03/10/2017

There is lot of Confusion in regarding E-Way Bill. We want to bring to your notice that only the Rules Regarding E-Way Bill have been Finalised. The Date from which E-Way Bills will be applicable has not yet Notified.

02/10/2017

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02/10/2017

01/10/2017

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23/09/2017