Extension of due dates for conducting BM through VC

The Ministry of Corporate Affairs has Companies (Meetings of Board and its Powers) Fourth Amendment Rules, 2020 which relaxed the requirement of holding Board meetings with physical presence of directors. The said ame...

Extension of Due Date of TAR and filing of ITR for AY 2020-21

In view of the continued challenges faced by taxpayers in meeting statutory compliances due to outbreak of COVID-19, the Finance Ministry has further extended the dates for various compliances vide Notification No. 93/20...

Due date for GST Annual Return for F.Y. 2019-20 extended

The Finance Ministry via its press release dated 30th December 2020, has extended the due dates for GST Annual Return for F.Y. 2019-20 to 28.02.2021 from the previous due date of 31.12.2020. Notification No....

All about Intimation under Section 143(1)

The Government has recently introduced CPC 2.0 with the tagline of File Karo Jhat Se, Processing Hogi Pat Se.   Now, once the income tax department processes the income tax return (ITR), it sends&...

Extension of Reservation of Name : MCA

The Ministry of Corporate Affairs has notified Companies (Incorporation) Third Amendment Rules, 2020 which seeks to amend the Companies (Incorporation) Rules, 2014. The said amendment deals with Insertion of a ne...

Communication between Recipient & Supplier in GST

A facility of ‘Communication Between Taxpayers’ has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers, regar...

Myths v. Facts: CBIC debunks misinformation about changes

The CBIC has issued a clarification regarding GST fake invoices frauds. The move aims at curbing the GST frauds reported since the implementation of the new tax regime to the country. So far, the Board has booked about 1...

Highlights of Significant Changes in GST Rules

The CBIC has notified Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020 which seeks to amend Central Goods and Services Tax Rules, 2017 vide Notification No. 94/2020 dated 22/12/2020. Highlights o...

New Rule restricting the use of ITC under GST

The CBIC has notified Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020 which seeks to amend Central Goods and Services Tax Rules, 2017 vide Notification No. 94/2020 dated 22/12/2020. The said Rul...

CPC 2.0 : The new era of ITR Processing

The Income Tax Department has introduced the ‘Jhatpat Processing’ with the tagline of File Karo Jhat Se, Processing Hogi Pat Se. The departmenthas introduced a new technologically upgraded platform CPC 2....