1. Calculation of Number of GSTR- 3B eligible or liable to filed a) Scenario- 1: As on date Active Taxpayer – and was not in composition in 2019-2020 All tax payers who got registered on or before 31st March 2020 are being considered. If Migrated tax payer or registered on or before 30th April 2020; number of GSTR- 3B eligible or liable to …
Annual Aggregate Turnover Computation Methodology Read More »
Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers for the tax periods of March and April, 2021, through Central Tax Notification Nos. 08/2021 and 09/2021, both dated 1st May, 2021. The details are summarized below: Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B …
Government has extended the dates of various compliances by Taxpayers under GST, through Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021. The details are summarized below: D. Filing of Form GSTR-1/IFF by Normal Taxpayers: Sl.No. Return Type(Form) To be filed by Tax period Due Date Due Date Extended till 1 Form GSTR-1 (Monthly) …
Extension in dates of various GST Compliances for GST Taxpayers Read More »
GST eInvoice has been introduced in India to usher in the digital era from conventional paper-based systems. eInvoicing can help businesses achieve tremendous cost savings, efficiency and speed up business operations. eInvoicing will help reduce compliance burden for most businesses by eliminating the requirement for duplication or transfer of the same information from one system …
Income Tax 1) Extend last date for income tax returns for (FY 18-19) from 31st March, 2020 to 30th June, 2020. 2) Aadhaar-PAN linking date to be extended from 31st March, 2020 to 30th June, 2020. 3) Vivad se Vishwas scheme – no additional 10% amount, if payment made by June 30, 2020. 4) Due dates for issue of notice, intimation, notification, …
TAX RELIEF AND CORPORATE COMPLIANCE CORONA MODI GOVT. ANNOUCEMENT Read More »
Form GST PMT-09 is now available on GST Portal. What is GST PMT-09 form? 2. Who can fill PMT-09? 3. Important Points 4. How to file PMT -09 ? 5. Instructions What is GST PMT 09? Earlier launched by CBIC via notification no. 31/2019 CT on 28th June 2019, PMT 09 is the prescribed challan …
We decode and simplify all the income tax notifications regularly and its related information here: Notification number & date Description Press release dated 8 April 2020 All pending income-tax refunds up to Rs 5 lakh will be released immediately to all taxpayers, including individuals and business entities. Ordinance dated 31 March 2020 The last date …
Latest Amendments made under the Income Tax Act 1961 Read More »
Income Tax Slab Tax Rate Up to Rs 2.5 lakh NIL Rs 2.5 lakh to Rs 5 lakh 5% (Tax rebate of Rs 12,500 available under section 87A) Rs 5 lakh to Rs 7.5 lakh 10% Rs 7.5 lakh to Rs 10 lakh 15% Rs 10 lakh to Rs 12.5 lakh 20% Rs 12.5 lakh …
Income Tax Slabs Rates in India for F.Y. 2020-21 Read More »
Q1: Who is eligible for the advance from EPF to fight COVID-19 Pandemic? Ans. Any member of EPF Scheme, 1952 with UAN (Universal account number) employed in any establishment or factory covered under EPF & MP Act, 1952. Q2: Under which provision of the EPF Scheme, 1952, a member is entitled for benefit? Ans: That a new …
FAQ ON EPF ADVANCE TO FIGHT FROM COVID-19 PANDEMIC Read More »
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme by normal taxpayers, for the financial year 2020-21. These are notified in Notifications 30/2020Central Tax, dated 03.04.2020. Circular No. 136/06/2020-GSTdated 3rd April, 2020 has also been issued. Existing Normal taxpayers who want to opt for Composition Scheme in Financial …
Extension of Dates in view of COVID-19 pandemic for GST Read More »
