Introduction CBDT has introduced a new income tax return filing portal. Return filing is now way simpler than earlier. In the case of small taxpayers, it can be filed without the help of any professional. It is easy to file ITR using the new filing
Circular bases on ‘Rule 86A’ of GST Rules; experts say CBIC should ensure its uniformity across the nation Kerala has come out with detailed circular and Standard Operating Procedures (SoP) to streamline the process of blocking/unblocking of Input Tax Credit (ITC). Kerala is the
Oh yes, it is the buzzword. One of the boldest steps of the current government. It changes the entire taxation scenario in India. GST is a merger of all indirect taxes we had before 1-7-2017. Even at the time of lockdown GST compliances and filing
Introduction of GST Amnesty Scheme 2021 Amnesty means providing relief from some penal action. Recently GST amnesty scheme 2021 is announced by CBIC. It is a scheme to waive late fees. The fees are accumulated due to non-filing or late filing of returns. FAQ’s on
Amendment In 43rd GST Council Meeting And Notifications Dt. 02.06.2021 In an Area Sharing Joint Development Agreement: Landowner transfers development rights of their owned land to Developer and The developer develops and constructs superstructure inter-ala for the landowner on the Landowner’s share of Land. 2.
Introduction- Due to lockdown, CBIC has amended the due date of GST returns. Also, the Input tax credit for 36(4) can also be adjusted cumulatively till June 2021. These changes are introduced via various notifications issued on 1st June 2021. It was recommended by the
Tax Calendar Due date Form/Return/Challan Reporting Period Description 07th June 2021 ITNS 281 May 2021 Due Date for Payment of TDS on all types of payments 07th June 2021 ITNS-281 May 2021 Due Date for payment of TCS u/s 206C (other than Government Assessee) 07th
For the past almost two years, Covid-19 Pandemic has gripped the world and the Indian Sub-Continent cannot be expected to remain immune to this life-threatening virus. In fact, the ‘second wave’ of this Pandemic has turned out to be much more lethal than the
Not. 16/2021 Provisions of Section 112 of FA 2021 is notified applicable from 1st July 2017 112. In section 50 of the Central Goods and Services Tax Act, in sub-section (1), for the proviso, the following proviso shall be substituted and shall be deemed
Section 194Q 206C (1H) Applicability w.e.f 01-July-2021 w.e.f 01-Oct-2020 Who (Deductor/Collector) Every Buyer whose turnover (Excluding GST) in Preceding F.Y. is More than Rs. 10 Crore (While Calculating this turnover value of goods and services both included) Every Seller whose turnover (Excluding GST) in
