Centre in favour of single rate of CGST, SGST and uniform registration system linked to PAN
As is now well known, the Empowered Committee of State Finance Minister (EC) had, in November 2009, issued a First Discussion Paper (Paper) on the dual Goods and Service Tax (GST). This paper had set out the EC’s views on the nature of the dual GST, its coverage, the manner of its applicability, its coverage and on several other design aspects of the GST as well, including on treatment of inter-state supplies of goods and services.
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Income Tax FAQs
- I had applied to the department but I do not know my PAN?
- What is the procedure to be followed to view my Tax passbook/Tax statement?
- Is PAN Number/PAN card essential?
- Many schedules and notes to accounts form part of the financial statements of any entity. The return forms do not provide for this information. This deprives the assessing officer of the basic tool to understand the financial statements. Many items contained in the notes to accounts may have revenue implications. It would difficult for the department to pick up important cases for scrutiny on random basis and call for details?
- What are the steps in brief to upload the tax returns on eFiling website?
- I own 10 cars that are let out on hire to various organizations. Am I also eligible to declare presumptive income without maintaining any books?
