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The Central Board of Direct Taxes released notifications on 29th September and 30th September and made some important announcements. Through a notification issued on September 29, the CBDT empowered the Principal Director General of Income Tax (System) or the Director General of Income Tax (System) to upload information related to GST returns, which is in […]
There was fake news in the air especially on Social Media that the due date to furnish income tax returns for the Assessment Year 2019-20 (FY 2018-19) and Assessment Year 2020-21 (FY 2019-20) and the due date to furnish tax audit report for Assessment Year 2020-21 (FY 2019-20) Have been extended up to 31st March […]
Almost every state is going through a tough time due to the Covid-19 pandemic and lockdowns, but the condition of Uttarakhand seems worst among all in the case of GST Collection In April and August of the current year, the Goods and Service Tax GST revenue sees a sharp decline of 30.4% in comparison to […]
Central Board of Indirect Taxes and Customs (CBIC) waived off the penalty or late fee which needed to be paid by the registered taxpayer if he/ she failed to furnish the return in Form GSTR-10 Get to know the fast learning guide to GSTR 10 along with easy online return filing procedure and original screenshots. […]
Authority for Advance Ruling (AAR) Karnataka has held that no deduction towards property tax The constant demand from the public has made BBMP extend the deadlines for availing a 5% rebate on property tax from earlier April 30 to current May 31, 2020. Read more from the rent value of immovable services (RIS) is allowed. […]
The Delhi Government released the Delhi Goods and Services Tax (Amendment) Act, 2020, for the purpose of making amendments in the Delhi Goods and Services Tax Act, 2017. In section 2 of the Delhi GST Act, 2017, for clause (114), clause (c) and (d), the clause “Dadra and Nagar Haveli and Daman and Diu, Ladakh”, […]
Common taxpayers will experience a whole new level of ease this month while filing monthly GST returns. The GST Network ( GSTN ) now has some important features on the portal related to link returns, these features are aimed to simplify the filing process of GSTR-3B Get to know details on GST return 3B form […]
Until now it was mandatory for taxpayers to submit an original invoice number while reporting a Credit/debit Note in Form GSTR-1 or GSTR-6, But now GSTN provided them a facility on the portal which can be used for Reporting single credit or debit note issued regarding of multiple invoices in their Form GST Return 1 […]
Covid-19 Pandemic, lockdowns, and implementation of the BS-VI norms in the country are making the way tougher for India’s Automobile industry. And with the same belief, they have appealed to the Government of India to reduce taxes to mitigate the price increase on Bharat Stage-VI vehicles. It will help to and increase the demand before […]