MGT-7A : Annual Return for One Person and Small Company

The Ministry of Corporate Affairs has notified the Companies (Management and Administration) Amendment Rules, 2021 which seeks to amend the Companies (Management and Administration) Rules, 2014. The said amendment has...

New Feature - Core Business Activity enabled on GST Portal

The Goods and Service Tax Network (GSTN) has enabled the new feature to select Core Business Activity enabled on GST Portal. You might have noticed that a popup (as depicted below) shows up after logging under the GST P...

Upcoming GSTR-1 changes on GST Portal

The GSTN (Goods and Service Tax Network) has informed the stakeholders in regards to the upcoming changes in Table-12 format of GSTR-1 Return. The changes include changes in the format of GSTR-1 Return along...

CBDT clarifies over residential status for Financial Year 2020-21

The Central Board of Direct taxes (CBDT) had received various representations requesting for relaxation in determination of residential status for previous year 2020-21 from individuals who had come on a visit ...

No TDS applicability for amount Paid to use Foreign Software: SC

The Supreme Court has held that no TDS is applicable on the amounts paid by Indian companies for the use of softwares developed by foreign companies in the case of Engineering Analysis Centre of Excellence Private L...

CBIC extends deadline of GSTR-9 and GSTR-9C for FY 2019-20

The CBIC has further extended the deadline of GSTR-9 and GSTR-9C for the financial year 2019-20 to 31st March 2021. It may be pertinent to note that the due date for furnishing of the Annual returns (GS...

CBDT extends Assessment & Reassessment Completion Date

CBDT vide Notification no. 10/2021 dated 27.02.2021 has extended the time barring assessment/reassessment completion dates and penalty dates from March 31, 2021. It may be important to note that there is no exten...

Bombay HC dismisses plea for GSTR9/9C due date extension

The Hon'ble Bombay High Court has dismissed the Goods and Service Tax Practitioners’ Association’s plea for GSTR9/9C due date extension. Goods and Service Tax Practitioners’ Association, Mum...

CBDT extends Deadline for filing declaration under VVS

CBDT vide Notification No. 09/2021 dated 26.02.2021 has further extended the date for filing of declarations under the Direct Tax Vivad Se Vishwas Act, 2020 from February 28, 2021 to 31st March, 2021. It may also...

FAQs on Video Conferencing and Seek Adjournment

CBDT has recently launched Video Conferencing and Seek Adjournment before an Income Tax Authority who has initiated the proceeding and expect the response from the user. In accordance with the aforesaid laun...