Tired of calling your customers and dealers for their GST registration number? You can get GST registration number (GSTIN) of your dealers and suppliers from GST portal gst.gov.in. With just PAN number you will be able to get GST registration Number. You need any one of the following details apart …
Read More »Important Facts about Tax Invoice under GST
There are some apprehensions in the trade circles that GST invoices have to be issued as per prescribed format and that issuing invoice is going to be burdensome process. This is not correct. Some important facts about GST provisions relating to invoice are highlighted for information of all stakeholders. Here …
Read More »How to do online verification of Cash Deposits made during 9th November to 30th December 2016
Data analytics has been used for comparison of demonetisation data with information in ITD databases to identify taxpayers wherein the cash transaction does not appear to be in line with the taxpayer’s profile. Taxpayers who are not yet registered on the e-filing portal (at https://incometaxindiaefiling.gov.in) should register by clicking on …
Read More »Income Tax Department (ITD) launches Operation Clean Money
Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first batch, around 18 …
Read More »Furnishing Statement of Financial Transactions and statement of non-PAN transactions
Income Tax department is sending email communications regarding Registration process for furnishing Statement of Specified Financial Transactions and statement of declaration of non-PAN transactions Email communication read as follows Dear Taxpayer, The facility to register in e-Filing portal is available for furnishing statements in Form 61A in addition to Form …
Read More »State wise GST enrollment status as on 03-01-2017
You are all aware that Goods and Services Tax law is being implemented all over the country. The Karnataka commercial taxes department has made all preparations to facilitate hassle-free and smooth transition to GST for all dealers registered under VAT, Entertainment Tax and Luxuries Tax in the State. The duration …
Read More »Income tax department instructions on reporting of Cash Deposit
Today CBDT issued notification requiring Banks and post office to file Statement of financial transactions covering following cash deposit on or before 31st January 2017. Cash Deposit of 2,50,000 or more in any Savings Bank Account (any account other than current account) during 9-9-2016 to 30-12-2016 Cash Deposit of Rs. …
Read More »Understand Income Tax Provision before depositing Rs 500 and 1000 note
Ban on High Denomination Currency and Income-tax Act As the Government has declared that currency notes of Rs. 500 and Rs. 1,000 denominations will not be valid from midnight of November 8, 2016, citizens will have to surrender the old notes at any branch of a bank or post office. …
Read More »Step by step GST Enrolment procedure for existing VAT dealer in WWW.GST.GOV.IN
Government has launched GST Portal (i.e., www.gst.gov.in) for the GST enrolment or registration of existing taxpayers of VAT, Service Tax and Excise for smooth transition to GST. Existing dealers have to collect provisional ID from tax officer, update their profile information and upload the required documents on the GST portal. …
Read More »A Guide to file income tax grievances under e-Nivaran Scheme
What is ‘e-nivaran’ Scheme? e-Nivaran is a Unified Grievance Handling Mechanism for consolidating grievances received across all platforms viz. CPGRAMs, E-filing, CPC-ITR, CPC-TDS, ASK, NSDL, UTIISL and SBI-Refund Banker. Internal channelization of grievances between different department systems and workflow’ based grievance resolution mechanism will help speeding the resolution of tax …
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