Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: list of goods taxed at 4% :: TDS :: empanelment :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« News Headlines »
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…
 File income tax returns in time to carry forward losses
 Missed the deadline to file income tax returns? Here is what you should do
 Who has to report foreign assets in Indian income tax return and how to do it

You may face penalty for failure to e-file comm tax returns
October, 27th 2014

The failure to e-file commercial tax returns will now on cost traders dear, with a penalty set to be imposed from November onwards.

Traders with annual transactions between Rs 50 lakh and Rs 1 crore have time till October 30 to file their commercial tax returns. However, they have to file their returns electronically. Those who fail to e-file their returns before October 30 will be liable to pay a fine.

Stating this at an interaction at the Mysore Chamber of Commerce and Industry at the weekend, Joint Commissioner of Commercial Taxes (Administration) Nagarajappa said, so far no fine was being imposed for the failure to e-file tax returns because of a lack of awareness among the tax payers.

Divisional-level campaign to generate awareness and, resolve problems and confusions arising at the time of e-filing was being conducted every month. Steps were also being taken to solve those issues.

Such awareness programmes were being conducted in Mysore followed by Mandya, Chamarajanagar and Kodagu districts, he said, while asking all traders to e-file their returns before October-end.

The traders have to mention their e-mail address, phone number and PAN number. If such data fails to match the digitised records, the department would immediately inform such traders, Nagarappa said.

He said, the e-filing of returns was a precursor to the introduction of the GST which the government proposed to introduce in the coming days. Traders have to submit all details relating to goods, purchase, transport among others utilising the digital system.

Chamber president A S Satish suggested that the members approach the chamber for overcoming problems they faced while e-filing their returns or any advise. FKCCI district co-ordinator Sudhakar S Shetty promised to take up the issues relating to inter-state transport of goods and any other state issues with the FKCCI for a solution.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions