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The Reserve Bank of India (RBI) comprises the GSTN as an information provider concerned to finance beneath the AAF (Account Aggregator Framework). The latest move has the motive to ease the flow of cash as per the lending to micro, small and medium-sized enterprises (MSMEs). The council’s revenue shall be the regulator of the GSTN […]
The Finance Act 2020 inserted Sub Section (1H) in Section 206C for furnishing the tax collection via a seller through the amount obtained as consideration for the goods sale when the same would surpass Rs. 50.00 Lacs in any former year. With identical references, the Finance Act 2021 inserted a TDS section 194Q for furnishing […]
The Rajasthan Assembly on Thursday issued the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, that asks for the registration of the companies shall not get cancelled despite the same losses to furnish the return for 6 months. Indeed the system to provide the credit notes would get started. Education minister BD Kalla has launched […]
Finance Ministry before the Supreme Court, timeline extension to open a special window for filing transitional credit claims by 30 days, as it feels GSTN has limited time to perform the amendments in the portal to ease filing. The IT support of GST, GSTN functions as a portal for furnishing the returns, incurred to claim […]
What is the Income Tax Form 10EE for Pensioners? The income tax portal has updated the system towards Form 10EE pensioners form (‘Taxation of income through retirement benefits account maintained in a reported country’) to get furnished in following the rule 21AAA for Financial Year 2023-24 would be available to file upon the portal of […]
Central Board of Indirect Taxes and Customs (CBIC) has asked the assessee to furnish their monthly GST returns for May within the date of 20th June, while late fee submission will cause late fee and interest liability. The tax counsel reminded the assessee who did not subscribe to the quarterly return filing scheme and the […]
CM of Madhya Pradesh Shivraj Singh Chouhan mentioned that the same is essential to increase the GST revenue for making the states to get progressed effectively. For the same, the high power committee made to recommend the procedure to increase GST revenue would make the effective recommendations post taking out the proper study. Chouhan mentioned […]
CBIC requests the businesses to furnish several GST return forms on time that is due in the subsequent days as a portion of an online campaign to promote compliance. CBIC wants the businesses to furnish the GSTR-1 form, concerning the sales made in April, which is left on Wednesday and is needed to be furnished […]
Did you not confident about the complicated laws? Finance concerns and related things are just hard to record at the fingertips as there are so many external things that are engaged in it. This article is related to the subject of GST. You would simply compute the GST in our country. What Do You Mean […]
