GST Overview

The Academy Of Accounting Professionals takes a small effort to educate you on GST. A pune based educational institute having its expertise in Accounts & Taxation provides practical knowledge for Accounts, Taxation, GST and helps its students to fetch jobs. Since GST is a new topic for all, this is a small effort from us…

Goods and Service Tax (GST) Bill

Goods and Service Tax (GST) Bill Explained The Constitution (122nd) Amendment Bill comes up in RS, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage. Here’s how GST differs from the current regimes, how it will work, and what…

MVAT – Highlights on Budget 2016-2017

MVAT : Maharashtra Value Added Tax:   Highlights are as follows: Exemption from Levy of Sugarcane Purchase Tax for the year 2015-16 to the Sugar Factories which export sugar as per Government policy. Amnesty scheme for Profession Tax enrolment holder. Tax liability and penalty will be restricted to previous three years. Amnesty for tax administered…

Swachh Bharat Cess

Swachh Bharat Cess is an additional levy of 0.50% on all the taxable services with effect from 15thNovember, 2015. This Swachh Bharat Cess will be added in the service tax rate which makes effective service tax rate of 14.50% and all the taxable services which will be provided on or after 15th November, 2015, will be…

Updates on GST

This is to inform you that while addressing the gathering at FICCI on 17th July 2015, the CBEC Member, Mr. V S Krishnan, said that the Central Government is committed to implement GST from April 1, 2016 and a model legislation for the States are being drafted. He added that the reports of various Committees/sub-committees…