Tuesday, May 2, 2017

Alerts & Updates

INCOME TAX:
ü  It is Mandatory to link PAN with Aadhar Number on Income Tax Website. PAN without Aadhar will be deactivated from 01.07.17
ü  Aadhar should be matched with PAN before 30.06.17 and Mobile number should be registered with Aadhar.
GST :
ü  The Enrolment process has been closed temporarily from 1st May 2017. Data of all those who have signed the enrolment form will be migrated to the new GST System.
ü  The enrolment window will reopen for taxpayers who could not enrol themselves as well as for those who enrolled but did not sign the enrolment form.
ü  Under GST IGST, CGST & SGST input tax credit can be adjusted in specified order but IGST, CGST, SGST deposited cannot be adjusted against each other. 
RERA :
ü  Real Estate (Regulation and Development) Act, 2016 will come into force across the country from 1st May, 2017 and aims to protect home-buyers and to boost investments in the real estate industry.
 DVAT :
         

ü  DVAT has extended the due date of filing of DVAT Return in Form 16, 17 and 48 for the quarter ended on 31.03.2017 from 25-04-2017 to 15-05-2017 vide Circular - 2 dated 28.04.2017.