In the matter of various issues related to GST, The GST council has received various representations from stakeholders who are seeking clarification in respect of these issues regarding GST laws. The GST Council in its 45th GST Council meeting recommended CBIC to issue necessary Clarification on these […]
The 43rd GST Council meeting was held under the Chairmanship of Hon’ble Finance Minister on 28th May, 2021. To tackle outbreak of COVID-19, Council made various recommendations related to exemption or reduction of GST rates and Custom duty rates on various Medical Goods, provided […]
It is clarified that the part of Director’s remuneration which are declared as “Salaries‟ in the books of a company and subjected to TDS under Section 192 of the IT Act, are not subject to GST and not treated as […]
S. No. Actual Date Extended Date Nature of Compliance Compliance Period Nature of Compliance in Detail 1 07-Jan-2021 NA TCS/TDS Liability Deposit Dec-2020 Due date of depositing TCS liabilities for the previous month 2 07-Jan-2021 NA Equalisation Levy Deposit Dec-2020 […]
Tax Collected at source (TCS) is a concept in Income Tax Act which is similar to the Tax Deducted at source (TDS). Provisions which create liability for collection of TCS are given under Section 206C of Income Tax Act. Under […]
As we all know that COVID 19 is an unprecedented crisis and challenge which is currently being faced by the whole World. Amidst the spread of the pandemic and the imposition of lockdowns, there are various challenges before all the […]
In view of the constraints due to the Covid-19 Pandemic & to further ease compliances for taxpayers, CBDT extends the Due Date for filing Income Tax Return for Financial Year 2018-19 (AY 2019-20) from 31st July, 2020 to 30th September, […]
Udyam Registration: A new process of classification and registration of MSME Enterprises has started with effect from 1st July, 2020 under the name of ‘Udyam Registration’. The Union Ministry of Micro, Small and Medium Enterprises (MSME) had made the announcement […]
Table of Contents Relief under Income Tax Relief Goods and Service Tax (GST)/Indirect Taxes Relief under Customs Relief under Financial Services Relief under Corporate Affairs Relief under Department of Fisheries Entire world is fighting against epidemic COVID-19 outbreak and Hon’ble […]
Table of Contents Interest on net cash Liability Extended time limit for Revocation of cancellation Relaxation for Annual Return (GSTR-9) and Reconciliation statement (GSTR-9C) for FY 2018-19 Deferment of e-invoicing and QR Code Know your supplier Changes with respect to […]
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