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Search results for: Covid

Latest Update Under Section 269ST

Tax Exemption U/S 269ST on Cash Payment to Hospitals for Covid Treatment

According to the Limit in section 269ST of IT Act relaxed, from 01.04.2021 to 31.05.2021. PAN AADHAAR required the hospitals or medical facilities that are giving treatment to covid-19 patients can take cash payments exceeding Rs 3 lakh. Latest Update 01st January 2023 Co-operative societies and the definition of dealership/distributorship for the purposes of clause […]

ROC Form Filings & Additional Fees Relaxation WEF 3rd May

ROC Filings & Holding of Board Meeting Relaxation Due to Covid-19

On 3rd May 2021, the ministry of corporate affairs has provided 3 circulars so as to give relief due to covid from compliance beneath companies act 2013 towards ROC Form filings and holding of the board meetings. Circular 1: Maximum Gap Among Two Board Meetings In between the 2 board meetings the MCA has prolonged […]

Tax Exemption on COVID-19 Relief Material

GST Exemption on COVID-19 Relief Material Distributed from Abroad

The Central Board of Indirect Taxes and Customs (CBIC) on Monday declared “Ad hoc Exemption from IGST” of “imports of specified COVID-19 relief material” that is “donated from abroad”. However, CBIC has notified certain conditions for applicability of the aforesaid exemption. The first endeavour in providing an exemption shall be the appointment of a “nodal […]

GST Exemption on Covid Drugs and Equipment

SC: Plea by NGO for 12% GST Exemption on Covid Drugs & Equipment

During the second wave of the Corona pandemic, when more than 1 crore people in India have been caught by a deadly communicable Coronavirus disease, its high time for the Judiciary, Legislation, and Executive to take and implement apt decisions to control and cure such a common illness at the price (medical treatment) that can […]

Verify GST Returns via EVC till 31 May 2021

COVID-19: Govt Permits Businesses to File GSTR via EVC Till 31st May 2021

During the second wave of Corona, offices are being shut down and production of goods and services has been significantly hit. However, Good news for corporate taxpayers facing trouble in filing returns. The Government of India has taken the initiative to grant relief in the way returns are filed. So there is no tax concession […]

FTAP Requests to Date Extension in GSTR Filing

Trade Association Demands Date Extension in GSTR Filing Due to Covid-19

The Federation of Trade Associations of Pune urged the Goods and Services Tax officials to ask for a postponement in tax furnishing due to the closing down of the shops as of the covid-19 restrictions. The Federation of Trade Associations of Pune (FTAP) also asks for relief from the average reading charged in the written […]

Reporting of GST in Tax Audit Till 31st Mar 2022

CBDT Delayed Due Date of Tax Audit Clause 30C & 44 Due to COVID-19

The Central Board of Direct Taxes (CBDT) has once again delayed the “Tax Audit Clause 30C and 44” till the date 31st Mar 2022 due to the pandemic COVID-19. For the fourth time, The CBDT has once again provided an extension to the aforesaid due date for filing Form 3CD. As per the Income Tax […]

44th GST Council Meeting

44th GST Council Meeting: GST Rate Cut on Covid Medicines & Equipment

The Centre may convene a 44th GST council meeting within the forthcoming few weeks agenda being “Exemptions by Centre on Covid related medicines and equipment” as states are continuously and publicly approaching Centre for GST exemption in addition to demanding medicines and medical equipment that are necessary for the fight against Covid-19 pandemic. The medicines […]

New Due Date for Income Tax, Vivad Se Vishwas Scheme and GSTR 9, 9C Filing

Covid-19: CBIC Extended Due Date of GST Annual Returns, Income Tax Audit & Non-audit Cases

According to the assessee, the government has prolonged the deadlines for the income tax goods and services tax along with Vivad se Vishwas direct tax conflict intention policy with context to the view of the challenges which is raised because of Covid-19 pandemic. “Considering the problems being faced by the taxpayers, it has been decided […]

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