The GSTR9C offline utility has been upgraded from Version 1.6 to Version 1.7 and the upgraded version has been made available on the portal which can be accessed here. The stakeholders are requested to take a note of th...
The CBIC has issued Clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance as per Notification 14/2020- Central Tax dated 21st March, 2020 vide Circular 146...
The CBIC vide Notification No. 03/2021 dated 23/02/2021 has specified the class of persons on whom aadhaar authentication shall not be made applicable. As per the notification, Aadhar authentication (pr...
The GSTN has issued an advisory in regards to the reconciliation statement to be filed in Form GSTR-9C Reconciliation statement to be filed in Form GSTR-9C requires the tax rate wise declaration of transactions for ...
Ninja Alert - Keeping in view the emerging trends and shift of millennials requirement to fast content coverage of the affairs of our economy. We have decided to scrap the cliche "Word of the week" ...
CBIC has issued Standard Operating Procedure (SOP) for suspension of registration of a person on observance of such discrepancies /anomalies which indicate violation of the provisions of the Act. As per the ...
1. What is QRMP scheme? What are its benefit? A: Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers having an aggregate t...
The CBDT has issued guidance for filing ITR 7 for A.Y 2020-21. Form ITR-7 is for persons including companies required to furnish return under Sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only. The following salie...
The GSTN has issued an advisory on Payment of Tax by Fixed Sum Method under QRMP Scheme, which is as follows: W.e.f. 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly R...
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman tabled the Union Budget 2021-22 in Parliament which included several changes with respect to GST. It may be pertinent to note that the amend...
