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1. CBDT to make separate wing to probe Benami, black money and issued warning against those who undertake Benami transactions as this would invite Rigorous Imprisonment (RI) of up to seven years under the normal I-T Act.
2. Income Tax Department will issue statutory notices u/s 133(6) to all those who have failed to respond to its SMS and e-mail queries seeking explanation on bank deposits made after demonetization.
3. GST Council clears final draft of CGST & IGST law. UTGST & SGST bills to be finalised at next meeting of Council on 16 March 2017.
4. GST Council decided on a 5% Levy on dhabas and small restaurant under GST. They also approved the CGST and IGST Law. The Government will now seek Parliamentary approval once the budget session resumes on March 9.
5.Due dates for the month of March 2017:
6 March : Service tax monthly deposit other than Ind,HUF & P.Firm
7 March : TDS/ TCS deposit
15 March : Deposit of PF
15 March :Payment of Advance Tax
20 March : Monthly UP VAT return & tax
21 March : Deposit of ESI
31 March : E-payment of service Tax by all assesses Monthly/ Quarterly
31 March :Filing of Belated Income.Tax returns for the A/Y 15-16 & A/Y 16-17
6. Delhi High Court and Council of ICAI imposed 5-year ban on CA for issuing incorrect certificate of share application money.Case ICAI Vs Kailash Chand Aggarwal.
2. Income Tax Department will issue statutory notices u/s 133(6) to all those who have failed to respond to its SMS and e-mail queries seeking explanation on bank deposits made after demonetization.
3. GST Council clears final draft of CGST & IGST law. UTGST & SGST bills to be finalised at next meeting of Council on 16 March 2017.
4. GST Council decided on a 5% Levy on dhabas and small restaurant under GST. They also approved the CGST and IGST Law. The Government will now seek Parliamentary approval once the budget session resumes on March 9.
5.Due dates for the month of March 2017:
6 March : Service tax monthly deposit other than Ind,HUF & P.Firm
7 March : TDS/ TCS deposit
15 March : Deposit of PF
15 March :Payment of Advance Tax
20 March : Monthly UP VAT return & tax
21 March : Deposit of ESI
31 March : E-payment of service Tax by all assesses Monthly/ Quarterly
31 March :Filing of Belated Income.Tax returns for the A/Y 15-16 & A/Y 16-17
6. Delhi High Court and Council of ICAI imposed 5-year ban on CA for issuing incorrect certificate of share application money.Case ICAI Vs Kailash Chand Aggarwal.