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Showing posts from December, 2018

GST Circular No. 75/49/2018 for Seva Bhoj Yojna

On 27 December, the CBIC has notified the circular No. 75/49/2018 ' Seva Bhoj Yojna ' scheme. Under this scheme, IGST and CGST has been paid for the purchase and donate charitable/religious institutions on the free food serving by the public. The charitable/religious institutions are included Gurudwara, Temples, Dharmik Ashram, Mosques, Dargah, Church, Math, etc. The govt has released FORM SBY-01 to SBY-06 for all the charitable/religious institutions organizations offering under the Seva Bhoj Yojna. Read also: Latest GST Circulars and Orders By CBIC FORM SBY-01 - Application for SBY-UIN FORM SBY-02 - Unique Identification Number FORM SBY-03 - Application for Reimbursement of Tax Under the SBY FORM SBY-04 - Acknowledgment FORM SBY-05 - Order Sanctioning/rejecting Claim of Reimbursement FORM SBY-06 - Payment Advice

Revised PAN Card Rules Under Income Tax Act 1962

The Central Board of Direct Taxes (CBDT) today has notified five new changes in PAN card provisions . The new changes will become valid from 5th December 2018. According to new notification issued by CBDT, all the entities, which made financial transaction of Rs 2.5 lakh or more in a financial year will be eligible for the PAN card and has to mandatory apply for a PAN card on or before 31st May of the next financial year. Download Free Demo Gen Income Tax Software for R eturn Filing