Rahul Rajput

Name - Rahul Rajput qualification - M.com Experience- 5 years in taxation

Good News |2% lower interest payment for MSMEs Business for The FY 2019-2020| MSME

445 ViewsHon’ble Prime Minister while launching outreach initiative for MSME sector on the November 2nd 2018 announced a 2 % interest subvention for all GST & UAM registered MSMEs maximum up to Rs. 1 crore, on fresh or incremental loans. The Scheme called “Interest Subvention Scheme for Incremental credit to MSMEs 2018” is being implemented …

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CBDT constitutes Start-up Cell for redressal of grievances related to Start-ups

307 Views Ministry of Finance One of the measures pertaining to taxation announced by the Hon’ble Finance Minister as part of the several measures to boost the economy, was the withdrawal of ‘Angel Tax’ provisions for Start-ups and their investors. As part of the measures for mitigating the genuine difficulties of Start-ups, it was decided …

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Amendment of section 44 of CGST Act

491 ViewsIn section 44 of the Central Goods and Services Tax Act, in sub-section (1), the following provisos shall be inserted, namely:— “Provided that the Commissioner may, on the recommendations of the Council and for reasons to be recorded in writing, by notification, extend the time limit for furnishing the annual return for such class …

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CBDT rebuts incorrect reports about Income Tax notices to Durga Puja Committees

258 Views Ministry of Finance There have been reports in the media about Income Tax notices being issued to Durga Puja Committees in Kolkata recently. The reports also mention that Income Tax notices were sent to the Durga Puja Committee Forum in the last few weeks. It is unequivocally stated that the said reports are …

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Clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20

396 ViewsCircular No. 18 of 2019 F.No. 370142/1/2019-TPL (Pt-1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 8th August, 2019 Clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20 The Income-tax return (ITR) forms for the Assessment Year (AY) 2019-20 were …

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Kerala Flood Cess Table

780 ViewsEffective from 1st Aug 2019 the state of Kerala has introduced Kerala Flood Cess (KFC) on goods and services. The Kerala Flood Cess or KFC is levied on intra-state supplies made by taxable person (Regular Dealers) to consumers and unregistered dealers. Kerala Flood Cess gets calculated on GST taxable value, however the rate on …

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