SRC Consulting Group: Newsletter India

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Australia
Key Dates October 2019: Final date for lodging and payment of monthly Payroll tax returns (ACT, QLD, NSW, SA, TAS, VIC & WA) - September 2019: 07 October 2019, Pay annual PAYG Instalment Notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment, Lodge and pay quarter 1, 2019-20 PAYG instalment activity statement for head companies of consolidated groups, Lodge and pay September 2019 monthly business activity statement: 21 October 2019; Lodge and pay quarter 1, 2019-20 activity statement if lodging by paper. Pay quarter 1, 2019-20 instalment notice (form R,S or T). Lodge the notice only if you vary the instalment amount, Make super guarantee contributions for quarter 1, 2019-20 to funds by this date, Lodge and pay annual activity statement for TFN withholding for closely held trusts where a trustee withheld amounts from payments to beneficiaries during the 2018-19 income year: 28 October 2019; Final date to appoint tax agent to ensure 2019 tax return is covered by the lodgment program, Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2019, New SMSFs must lodge their complete Self Managed Superannuation fund annual return by this date, Lodge PAYG withholding annual report no ABN withholding, Lodge PAYG withholding from interest, dividend and royalty payments paid to non-residents, Lodge PAYG withholding annual report - payments to foreign residents, Lodge lost members report for the period 1 January - 30 June 2019 and Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2019-20: 31-10-2019.
Federal Budget 2018-19, Australia
ATO to shop tax deadbeats to credit rating agencies
In what appears to be an exception to the right of privacy that usually covers taxpayers' affairs, the Federal government announced in Monday's mid-year economic and fiscal outlook that from 1 July 2017 Read more...

Migration - Australia
Australian Visas: Skilled - Nominated or Sponsored (Provisional) (subclass 489) visa, Temporary Skills Shortage (TSS) Visa, Medium and Long term Strategic Skills List (MLTSSL) Visa, Business Innovation and Investment (Permanent) (subclass 888) visa, Business Owner (Residence) (subclass 890) visa, Investor (Residence) (subclass 891) visa, State/Territory Sponsored Investor (Residence) (subclass 893) visa, Nominate permanent employees for the Employer Nominated Scheme (ENS) (subclass 186) visa, Nominate permanent employees for the Regional Skilled Migration Scheme (subclass 187) visa, Business Innovation & Investment (Provisional) (subclass 188) visa, Skilled - Nominated (subclass 190) visa, Temporary Work (Short Stay Activity) (subclass 400) visa, Visitor visa (subclass 600) under business visa stream
Subclass 482 - TSS Visa (Temporary Skill Shortage visa) program replacing 457 Visa program
From March 2018, the Subclass 482 Temporary Skill Shortage (TSS) visa program will replace the 457 visa program. Read more...
Plan to give Permanent Visa to Foreign Entrepreneurs under Innovation policy

India
Key Dates - May 2018: Final date for GSTR 1: April 2018 Return (Taxpayers with Annual Turnover upto Rs. 1.5 Crore who opt for monthly return filing instead of Quarterly return filing): 31 May 2018, Final date for GSTR 3B Return (Simple return)& GSTR 3 - April 2018 (Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax): 20 June 2018, GSTR-4 (filed by compounding taxable person) for the quarter January to April 2018: 18 May 2018, GSTR-5 (for Non-resident Taxable person) for the month of April 2018: 20 May 2018, GSTR-5A (Non-resident Taxable person to supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient) for the month of April 2018: 20 May 2018, GSTR-6 (filed by an input service distributor) for the month April 2018: 31 May 2018, GSTR-7 (filed by authorities deducting tax at source) for the month April 2018: 10 May 2018, GSTR-8 (Details of supplies effected through e-commerce operator and the amount of tax collected) for the month April 2018: 10 May 2018..
Union Budget 2018-19, India
Australia says trade with India to be driven by economic reform
Australia's ability to trade with and invest in India will inevitably be driven in part by decisions the Indian government makes on economic reform and financial opening, a senior Australian official has said. Read more...

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