Technical Taxation Solution

अक्षय कुमार की फिल्म पैडमैन इस शुक्रवार को सिनेमाघरों में रिलीज हो रही है. यह बॉलीवुड की पहली फिल्म है, जो मेन्सटूरेशन हाइजिन के प्रति जागरुक करती है. इस फिल्म के सामने आने के बाद सैनिटरी नैपकिन पर GST हटाने की मुहिम भी तेज हुई है. इस मुद्दे पर केंद्रीय महिला एवं बाल विकास मंत्री मेनका गांधी ने कहा कि सैनिटरी पैड पर 12 फीसदी जीएसटी लगाना सही है. मेनका गांधी ने कहा, यह 18% से कम हो गया है. इस समय बाजार पर मल्टीनेशनल कंपनियों का राज है. इसलिए मल्टीनेशनल कंपनियों पर भी 12 फीसदी जीएसटी लगेगा, नहीं तो पूरा बाजार खत्म हो जाएगा. इससे स्वदेशी पैड खत्म हो जाएंगे. इससे पहले मेनका गांधी ने वित्तमंत्री अरुण जेटली को पत्र लिखकर GST के अंतर्गत ईको-फ्रेंडली और बायोडिग्रेडेबल सैनिटरी नैपकिन को 100 फीसदी टैक्स मुक्त करने की अपील की थी. उन्होंने कहा, मंत्रालय पहली बार सैनिटरी पैड को अन्य माध्यमों से उपलब्ध कराने के लिए काम कर रहा है. स्वयं-सहायता समूहों को सैनिटरी पैड बनाने के लिए प्रोत्साहित कर रहा है. उन्होंने कहा, मल्टीनेशनल कंपनियों को यहां लाने की अपेक्षा अगर हम लोन सिस्ट...

Monthly maintenance charges, which one pays to co-operative housing society (CHS) or to be specific to its resident welfare association (RWA), will not attract Goods and Service Tax (GST), provided such charges are Rs. 7,500 or less per month. ‎The  GST Council  in its meeting held in January has enhanced the threshold applicability limit. Earlier GST was applicable if the monthly bill was more than Rs. 5,000 per month. The new limits apply from January 25.                          ‎There is no change in the GST registration requirement for CHS.  It has to register if it's annual turnover is Rs. 20 lakh or more. An official release by the Ministry of Finance, issued on Wednesday, February 7, clarifies that: ‎RWAs shall be required to pay GST on monthly subscription charged from its members if such subscription is more than Rs.7,500 per month per member and the annual turnover of RWA by way...

In his post-budget presser, Arun Jaitley made it clear that his primary objective was to improve the condition of rural India and the under-privileged section of society. It made sense both as good economics and good politics. The Economic Survey showed a clear image of how India’s farmers are bleeding. Farmer’s distress has rocked several states including those which go to polls this year. Hence, there was an urgent need for course correction, of sending out a message that government is concerned with agrarian distress and will try to fix it. Throwing in a dash of Hindi in his English speech, Jaitley tried to convey the same through a series of decisions focussed on farmers and the less privileged which he said would help with ‘ease of living’. A corpus of Rs 14.34 trillion has been allocated for the rural sector. “This year’s Budget will focus on strengthening of agriculture and rural economy, provision of good health care to economically ...

Tax Rates and Tax Tables 1. Tax Rates The proposed tax rates for the next financial year 2018-19 are given in following tables. The rate of tax in case of every individual whether he is below the age of 60 years, or between the age of 60 or 80 years, or above the age of 80 years. Male Resident Net Income Range Income-tax Rate* AY 2019-20 AY 2018-19 1 Upto Rs. 2,50,000 Nil Nil 2 Rs. 2,50,000 to Rs. 5,00,000 5% 5% 3 Rs. 5,00,000 to Rs. 10,00,000 20% 20% 4 Above Rs. 10,00,000 30% 30% A resident individual, whose taxab

It is a place where you can obtain traditional as well as current knowledges about indian taxation system and several amendments/ changes about that related field . Introduction To Indian Taxation System:- India offers a well-structured tax system for its population. Taxes are the largest source of income for the government. This money is deployed for various purposes and projects for the development of the nation. Taxes are determined by the Central and State Governments along with local authorities like municipal corporations. The government cannot impose any tax unless it is passed as a law. Here are the salient features of the taxation system in India: 1. Role of the Central and State Government The entire system is clearly demarcated with specific roles for the central and state government. The Central Government of India levies taxes such as customs duty, income tax, service tax, and central excise duty. The taxation system in India empowers t...