Relaxation by SEBI due to the CoVID -19 pandemic

Securities and Exchange Board of India (SEBI) pursuant to the relaxations granted by MCA, has relaxed the requirements mentioned in Para 3 to 6 of the circular no SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 in resp...

CBDT notifies Faceless Penalty Scheme, 2021

The CBDT has notified Faceless Penalty Scheme, 2021 vide Notification No. 2/2021 dated January 12, 2021 and Directions vide Notification No. 3/2021 dated January 12, 2021.  The penalty under...

Advisory on Auto-Population of e-Invoice details into GSTR-1

The Goods and Services Tax Network  has issued an advisory on Auto-population of E-Invoice details into GSTR-1. From 1-10-2020, certain notified taxpayers have been issuing invoices after obtaining Invoic...

CBDT disposes off the extension of due date for ITR & TAR

CBDT has passed order u/s 119 of Income-tax Act,1961 in F No. 370153/39/2020-TPL dated 11th January,2021, disposing off the representations for extension of due date for filing of Audit Report u/s 44AB, in comp...

What happens if you missed filing Income Tax Return (ITR)?

The deadline to file income tax return (ITR) for this financial year (FY 2019-20) has been extended thrice- first from July 31 to November 30, 2020 and then to December 31, 2020 and then further to January 10,2021. No...

Consider extension of Income Tax Due dates: Gujarat HC

The Hon'ble Gujarat High Court directed CBDT to take appropriate decision regarding extension of Due date for Tax Audit Reports (TAR) and Income Tax Returns (ITR) by 12 January, 2021 in the THE ALL GUJARAT ...

Aadhaar Authentication for Existing Taxpayers on GST Portal

Functionality for Aadhaar Authentication and e-KYC where Aadhaar is not available, has been deployed on GST Common Portal w.e.f. 6th January, 2021, for existing taxpayers. All taxpayers registered as Regular Taxpayers (i...

Invoice Furnishing Facility for Taxpayers under QRMP Scheme

An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. T...

GePP - GST e -Invoice Preparing and Printing Tool

National Informatics Centre (NIC) has announced the release of ‘NIC-GST einvoice Preparing and Printing’ (NIC-GePP Ver. 1.0). This is an excel based Tool to assist the tax payers, who are not having the ERP s...

Form GSTR-9C Offline Utility for the FY 19-2020 released at GST

The Offline Utility of GSTR-9C Reconciliation Statement for the Financial Year 2019-20 is now available on GST Portal. The excel based GSTR-9C offline utility is designed to help the taxpayer to prepare the GSTR-9C retur...