Indirect Tax Amendments by Finance Bill 2021 Amendments carried out through the Finance Bill, 2021 come into effect on the date of its enactment, unless otherwise specified. I. Amendments In The CGST Act, 2017: Scope of Supply u/s 7(1) enlarged by way of Retrospective amendments
Direct Tax Amendments by Finance Bill 2021 No change in Minimum threshold limits of Income Tax Exemptions under old Income Tax Regime; No change in Health & Education Cess maintained at 4% for all categories of Taxpayers; Standard deduction u/s 16 is maintained at Rs.50,000/-
बजट 2021 में इनकम टैक्स हाइलाइट्स 1. सीनियर सिटीजन 75 वर्ष का हो चुका हो। रिटर्न फ़ाइल की जरूरत नहीं, बशर्ते कि, सिर्फ पेंशन व ब्याज की इनकम हो। पेंशन वाले बैंक के अलावा कहीं खाता नहीं हो। सरकार करेगी सिर्फ कुछ बैंकों को नोटिफाई।
Budget 2021 On GST मेने बजट 2021 में जो भी चेंज हुए है, उनको simple हिंदी में अपने View के साथ रखा है, अगर आपका view अलग है तो आप मुझे बता सकते है 1) S16 जो की ITC की eligibility बताता है, उसमें एक
Sectionwise Analysis – GST Amendments (Finance Bill 2021) 1. Transaction between a person (other than an individual) to its members for consideration to be treated as a supply Source Clause 99 of the Finance Bill, 2021. Effective Date With effect from the 1st day of
Case Covered: Mahavir Transmission Limited Versus Directorate General of GST Intelligence(DGGI) Facts of the Case: The present petition inter-alia seeks quashing of the impugned Letters dated 31st December 2020 whereby Respondents have directed the Bankers of the Petitioner Company to Freeze and/or Provisionally attach the
Summary of Important GST Changes By Budget – Finance Bill, 2021 Introduction: Hon’ble Finance Minister Smt. Nirmala Sitharaman Ji has placed her third consecutive budget after taking charge of the Finance Ministry. This Budget will be the first of this new decade 2021-2030. This time,
Highlights of Union Budget 2021-22 A. Initiative TakenTill Date The Finance Minister started her tax proposals by stressing the initiative taken in the past to smoothen and simplify the tax system. Few of them are slashing of Corporate Tax Rates drastically, Abolition of DDT &
Amendment relating to GSTR 9C Pursuant to Clause 102 of Finance Bill 2021, Section 44 of the CGST Act, 2017 has been amended. Sub-section 2 of Section 44 of the CGST Act, 2017 has been omitted and hence there will be no requirement to file
Amendments to GST Acts through Finance Bill 2021 Central Goods and Services Tax Amendment of section 7. In the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the Central Goods and Services Tax Act), in section 7, in sub-section (1), after clause
