News & Updates - Bhargav Bhatt & Associates


Sr.
Date
Topic
Brief
1
29/02/2016
Budget
Budget Speed by Honourable Finance Minister Arun Jaitley on 29/02/2016


Click to download detailed clarification/explanation
2
06/01/2016
VAT
VAT Annual Return & Audit Report Date Extended to 31/01/2016

In a recent circular from Gujarat VAT Department, date for submission of VAT Annual Return & obtaining VAT Audit Report have been extended up to 31/01/2016. VAT Audit Report online submission shall be within 30 days of this date i.e. 01/03/2016.
It is a welcome step for Dealers & Consultants.
Click to download detailed clarification/explanation
3
01/01/2016
VAT
E-Payment of VAT above Rs. 50,000 made mandatory.

In a recent circular from Gujarat VAT Department, for any payment of VAT, Interest, Penalty etc above Rs. 50,000/-, E-payment has been made compulsory w.e.f. 22/01/2016
It will save time of both dealers and consultants.
Earlier this limit was Rs. 10,00,000/-
Click to download detailed clarification/explanation-A
Click to download detailed clarification/explanation-B
4
03/05/2016
TDS
Welcome changes in TDS

1. Due Dates for Filing of TDS Return extended wef 01.06.16
2. TDS Returns (Original) to be filed online without visiting Tin-Facility Centers
3. Employee TDS norms are made stricter with condition of providing evidences.

Click to download detailed clarification/explanation-1
Click to download detailed clarification/explanation-2