Acctaxace Solutions

26/07/2018

DUE DATE TO FILE INCOME TAX RETURN EXTENDED.....

Ministry of Finance has issued a press release according to which due date for filing of Income tax return has been extended from 31.07.20...

22/08/2017

Hello,🙏
Our Team " The Naka.com " Launching "Shree Vighnesha'' a Big Competition for Ganesh Mandals & Ganeshotsav Photography - 2017.
Please Participate and get a chance to win "Shree Vighnesha" Competition by Public Voting...

Please Register on below mention website.
"www.thenaka.com"

Prizes For Ganesh Mandals & Also for Photographers Who Win the Competition of "Shree Vighnesha"..

1st Prize :- 11,000/-
2nd Prize :- 7,500/-
3rd Prize :- 5,000/-

For more information visit:-
https://thenaka.com

19/05/2017

GST RATES FOR 1217 ITEMS ANNOUNCED DOWNLOAD NOW...

7 GST Rules (1. Composition; 2. Input Tax Credit; 3. Valuation; 4. Registration; 5. Invoice; 6. Payment of Tax; and 7. Refund) while legal committee is looking at remaining 2 (Return & Transition) Rules.

* # Tariffs for about 1211 items was finalised, 6 items
* # 81% of the items will fall up to 18% rate slabs. Only 19% of the goods above 18%.
* # Common man items have gone into 12% & 18% slab.
* # Indians sweets or mithai will fall under 5% slab.
* # Coal to be taxed at 5% against 11.69% currently.
* # All raw food items, including food grains to be exempt.
* # Processed food of daily needs to be in the 5% slab.
* # Sugar, Tea, Coffee (except Instant) and edible oil to fall under 5% slab, while cereals, milk to be part of exempt list under GST.
* # Tooth paste, hair oil will be taxed at 18% against 28% currently.
* # In a big boost to industry, Council has set the rate for capital good, industrial intermediate items at 18%

Further, GST RATE SCHEDULE FOR GOODS [As per discussions in the GST Council Meeting held on 18th May, 2017] is attached herewith. The Council has broadly approved the GST rates for goods at 0%, 5%, 12%, 18% and 28% to be levied on certain goods. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes.

GST Council will meet again tomorrow and discuss the rate slab for important goods like gold, beedi, etc and Services tax rates...

19/05/2017

GST RATES FINALISED.....

India has finalised the tax rates on all but six out of the 1,211 items in the proposed GST (Goods and Services Tax) regime, fitting over 80% of the items in the up to 18% tax slabs, effectively making foodgrain cheaper, while exempting essential items such as cereals and milk from the levy altogeth...