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Pritam Vats What many understood is that they believe that tax evasion is the same as tax avoidance. Therefore, both are termed as illegal practices of bringing wealth offshore for tax benefits – among others. Here's the whole truth: Tax evasion is not the same as tax avoidance. Tax evasion is illegal, but that's not the case with tax avoidance. Not only tax avoidance is legal, but it's also one of the methods that people do in their wealth building endeavors. In essence, tax evasion means that you're underpaying taxes deliberately, which makes your endeavor an illegal one. Tax avoidance, on the other hand, means that you're using legal ways to reduce your tax liabilities. But why knowing the difference matter? It's quite simple: Doing it in the right way can lower your taxes, but doing it in the wrong way can get you fined, even take you to prison. The Difference Between the two is quite simple. Tax Avoidance is taking benefits of government sancti...

(Migration of Existing Registrants to GST) This is continuation of earlier updation on the subject vide which we had conveyed that the period for applying for enrolment under Goods & Service Tax (GST) by the units situated in Haryana, Delhi, Rajasthan and Uttar Pradesh is fixed from 16 th to 31 st of December, 2016. It was also conveyed that all the information/details of the assessee have been transferred from existing registration certificates to GST Portal, hence, it is hoped that you must have updated the A-1 Application. To assist for making applications online for seeking enrolment under GST System Portal i.e. www.gst.gov.in in using provisional ID and Password from 10:00AM to 5:00PM and for assistance for the same, we have decided to start the said work from 19.12.2016 i.e. coming Monday and till then it is hoped that some more instructions or information may be in pipe line. At the same time, we shall request your goodself to convey the date when you intend to ...

All the existing taxpayers and VAT dealers will be given a provisional ID and password. You need to first create your user name and password using the provisional ID and password at the GST common portal –  www.gst.gov.in It is assumed that all the existing taxpayers are already registered under state VAT department. It covers both central excise and State VAT registration. To enrol under the GST common portal, you need to perform the following steps: 1. Access the official URL i.e.  www.gst.gov.in 2. Click the  New user Login  button 3. The declaration page is displayed. Select the check box for declaration and click the continue button. 4. The login page will appear. The first field is of the  provisional ID . In the provisional field, type the username that you received in the email, SMS or any other communication that has been received from the State VAT department. 5. The second field is of the  password . In the password f...

Central Excise Registration Certificate meant for a manufacturer and dealer. The said job related to issue of Registration Certificate with Central Excise Department would require the A-1 Application, to be filled in and submitted at www .aces.gov.in subsequent to which hard copies of the documents mentioned in the list attached are to be filed with the respective departmental authorities.  However, for issue of Central Excise Registration Certificate, your site would even be verified by the jurisdictional range officer etc. For your ease and ready reference, The list of document to be enclosed in the form of hard copies along with the application and its acknowledgment so filed online are as below :-. Click here to Download Form A-1:- List of Documents required for obtaining Registration Certificate as a Manufacturer or a dealer from the Central Excise Department alongwith A-1 application, detailed under below:- 1.       ...