Posts

Showing posts from April, 2018

letter of authorization for change of primary authorized signatory for GST

PFB:
letter of authorization for change of primary authorized signatory for GST

https://drive.google.com/file/d/1aHngvVItPq0TyPQDMILvSoeJG7jCxkKu/view?usp=sharing


Thanks

LINK TO DOWNLOAD COMPUTATION TO FILE ITR 1 FOR AY 18-19 OR FY 17-18

LINK TO DOWNLOAD COMPUTATION TO FILE ITR 1 FOR AY 18-19 OR FY 17-18
https://drive.google.com/file/d/1L0UxG-YYNMRM7l-xmX5kkP2qDGBni6QC/view?usp=sharing

THANKS

Gratuity Amendment Notification Dated 29.03.2017 - Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018

Hi! There is change in Gratuity Act 1972 as amended by Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018 a good news for private sector employees. Gratuity Exemption limit is increased to double.


Payment of Gratuity (Amendment) Act, 2018 brought in force on 29th March, 2018  Decision:The Payment of Gratuity (Amendment) Bill, 2018 has been passed by Lok Sabha on 15th March, 2018 and by the Rajya Sabha on 22nd March, 2018, has been brought in force on 29th March, 2018. Background: The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons.  The main purpose for enacting this Act is to provide social security to workman after retirement, whether retirement is a result of superannuation, or physical disablement or impairment of vital part of the body.  Therefore, the Payment of Gratuity Act, 1972 is an important social security legislation to wage earning population in industries, factories and establishments. 2.  The present upper c…

GST ON SUPPLY OF FOOD AND DRINKS BY EDUCATIONAL INSTITUTES

hI! After implementation of GST Educational institutions were exempt from the preview of GST with certain conditions and also some services like mess, canteen, transport, admission etc. for educational institutions were also have some doubt regarding applicability of GST.
here we are going to give you clarification regarding GST ON SUPPLY OF FOOD AND DRINKS BY EDUCATIONAL INSTITUTES.

as per clarification issued by ministry of finance on 11th April 2018:
1) GST rate on supply of food and drinks in a mess or canteen by an educational institutions attract GST @5% without input tax credit (ITC)
2) If schools up to higher secondary level supply food directly to students, then the same are exempt from GST.

following is link to download press release:


https://drive.google.com/file/d/12XN7rJN23LdtgdUGVt4y9uhsFK0cP1kU/view?usp=sharing

Hope now it is clrified.
Thanks

WILL PENSIONERS GET STANDARD DEDUCTION OF RS.40000 FROM FY 2018-19

Hi! After Budget 2018 announcement about standard deduction of Rs.40000 on salary, confusion arise that whether this deduction is applicable on pension or not?
So ,  "The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head "Salaries". The Finance Act, 2018 has amended Section 16 of the Income-tax Act, 1961("the Act") to provide that a taxpayer having income chargeable under the head "Salaries" shall be allowed a deduction of Rs. 40,000/- or the amount of salary, whichever is less, for computing his taxable income. Accordingly, any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs.40,000/- or the amount of pension, whichever is less, under Section 16 of the Act," said the press release.
following is link to download press release: https://drive.google.com/file/d/1jqFTTtsBmUn6_2jGEzbeOGQRGBvjYYdw/view?us…

press release for roll out of eway system for intra state movement of goods from 15th April 2018 in 5 new states.

Hi!
following in link to download press release for roll out of eway system for intra state movement of goods from 15th April 2018 in 5 new states.

https://drive.google.com/file/d/1E33lPx6huO8RWY2x7dtMqMdm4nNhCM_r/view?usp=sharing