-
Direct Tax
- 21st August 2017
- Posted by: web@taxes
- Category: Citizen Service
No CommentsDirect tax is levied directly on personal or corporate income. In direct tax, the incidence and impact of taxation fall on the same entity. In this case, the burden of tax cannot be transferred by the tax payer to someone else. The taxpayer has to pay the tax directly to the government.
-
FAQ For Government Departments,Local Authorities and other line Departments
- 21st August 2017
- Posted by: web@taxes
- Category: About Taxes
Are all services provided by the Government or local authority exempted from payment of tax ? No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and
-
FAQ- Returns
- 18th August 2017
- Posted by: web@taxes
- Category: Business
Q 1. What is the purpose of returns? Ans. a) Mode for transfer of information to tax administration; Compliance verification program of tax administration; Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period; Providing necessary inputs for taking policy decision; Management of audit
-
FAQ- Payment Of Tax
- 18th August 2017
- Posted by: web@taxes
- Category: Business
What are the main features of GST payment process? Ans. The payment processes under proposed GST regime will have the following features: Electronically generated challan from GSTN Common Portal in all modes of payment and no use of manually prepared challan; Facilitation for the taxpayer by providing hassle free, anytime, anywhere mode of payment of
-
FAQ – Assessment and Audit
- 18th August 2017
- Posted by: web@taxes
- Category: Business
Q 1. Who is the person responsible to make assessment of taxes payable under the Act? Ans. Every person registered under the Act shall himself assess the tax payable by him for a tax period and after such assessment he shall file the return required under section 34. Q 2. Is there any provision in
-
Glossary of terms
- 18th August 2017
- Posted by: web@taxes
- Category: Citizen Service
GST GST is Goods and Services Tax levied on the supply of Goods and Services. GST will subsume various indirect taxes levied by the state and central governments. It is expected to bring together India under a single market. The implementation of GST is expected to lower the cost of goods and services in India.
-
FAQ- Composition Scheme
- 18th August 2017
- Posted by: web@taxes
- Category: Citizen Service
Can the customer who buys from a taxable person who is under the composition scheme claim composition tax as input tax credit? Ans. No, customer who buys goods from taxable person who is under composition scheme is not eligible for composition input tax credit because a composition scheme supplier cannot issue a tax invoice Can
-
The Movement of Goods
- 10th August 2017
- Posted by: web@taxes
- Category: Citizen Service
Movement of goods may include the sending of goods from one place to another either within India or abroad. Domestic transportation is the transportation of goods from a place in India to another place in India. In this case, both the point of origin and the point of destination should be located within India. In
-
Compounded Dealer
- 10th August 2017
- Posted by: web@taxes
- Category: Citizen Service
A taxable person registered under the composition scheme is a compound dealer. A registered dealer of goods, whose aggregate turnover in a financial year does not exceed Rs.75 lakhs, is eligible to opt for composition scheme under GST.
-
GST Helpline
- 10th August 2017
- Posted by: web@taxes
- Category: GST
CITIZENS CALL CENTRE HELP LINE 155300 MOBILE 0471155300 FACILITATION CENTERS FOR GST (All traders are requested to please utilize the support of Facilitation centers in your district for assistance on GST related matters) SL DISTRICT CONTACT No. E-MAIL ADDRESS 1. THIRUVANANTHAPURAM 8330011240 gstcelltvpm@gmail.com 2. KOLLAM 8330011241 gstcellklm@gmail.com 3. PATHANAMTHITTA 8330011242 gstcellpta@gmail.com 4. ALAPPUZHA 8330011243 gstcellalp@gmail.com