GST Input Tax Credit Setting off Rules changed from 1st February 2019
Published February 9, 2019 by admin
CBIC notifies applicability of CGST (Amendment) Act, 2018with effect from 1st day of February, 2019 vide Notification No. 02/2019 – Central Tax Dated 29th January, 2019.
Read MoreGST Input Tax Credit Setting off Rules changed from 1st February 2019
Published February 8, 2019 by admin
CBIC notifies applicability of CGST (Amendment) Act, 2018 with effect from 1st day of February, 2019 vide Notification No. 02/2019 – Central Tax Dated 29th January, 2019. Section 49A has been inserted by Section 21 of CGST Amendment Act 2018 Notwithstanding anything contained in section 49, the input tax credit on account of central tax, State tax or Union territory tax shall be utilized towards payment of integrated tax, central tax, State tax or Union territory tax, as the case may be,
Read MoreUnion Budget 2019 highlights
Published February 7, 2019 by admin
Individual tax payers with annual income upto 5lakh rupees to get full tax rebate. Individuals with gross income up to 6.5 lakh rupees will not need to pay any tax if they make investments in provident fund and prescribed equities. Tax slabs for those with income over Rs 5 lakh remain unchanged. Standard tax deduction for salaried person raised from 40000 rupees to 50000 rupees. TDS threshold on rental income raised from 1.8 lakh to 2.4 lakh rupees. Gratuity limit increased from 10lakh to 3
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