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AR-1 WITHDRAWN WITH IMMEDIATE EFFECT

The department of trade & taxes has withdrawn the filing of audit report in its current format AR-1 with immediate effect. Copy of notification available here

Extension of DVAT amnesty scheme

The department of trade and taxes has extended the last date for DVAT amnesty scheme to 28-02-2014 Copy of notification available here

CA YASHU GOEL on transit sale under CST act

Extension of Last Date for filing of third quarter return of 2013-14

The Department of Trade & Taxes vide circular no.33 of 2013-14  dated 31-01-2014 has further extended the  Last Date for filing of third quarter return of 2013-14  to 07-02-2014 Copy of Circular Available Here

Extension of Due Date of Filing of AR-1

The Department of Trade & Taxes vide its notification dated 29-01-2014 has further extended the due date of filing of AR-1 from 31-01-2014 to 28-02-2014 Copy of notification is available Here

Procedure for issue of notices, summons or orders in electronic form

The department of trade & taxes has issued clarification specifying the procedure for issuing notices, summons or orders under DVAT Act, 2004 or CST Act, 1956 in electronic form:

No deduction of TDS on Service Tax Component on payments to resident, if Service Tax is charged separately

The Central Board of Direct Taxes vide circular No.1/2014 dated 13-01-2014 has decided that wherever in terms of agreement/ contract between the payer and payee, the service tax component comprised in the amount payable to a resident is indicated separately, tax shall be deducted at source under chapter XVII-B of the Act on the amount paid/payable without including such service tax component.  Copy of Circular is available Here