The new registration procedure prescribed under section 12AB for Charitable Trusts and Institutions introduced by the Finance Act, 2020 has been deferred and extended to 1st April, 2021 by the Taxation and Other Law...
MCA vide order dated 17.12.2020 has changed the applicability date of Companies (Auditor’s Report) Order, 2020 to the financial years commencing on or after the 1st April, 2021. So, CARO – 2020 will be app...
Auto Populated details in Form GSTR 3B: GSTN has now enabled auto-population of system computed details in Form GSTR-3B (filing their Form GSTR-1 on monthly basis), from November 2020 Tax Period onwards. The sa...
Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available for the taxpayers whose table 8A computation has been completed. The CBIC has notified that GST Annual Return is voluntary if tu...
A. Eligibility and Opting for the scheme What is “Quarterly Returns with Monthly Payment (QRMP)” Scheme? QRMP scheme is for small taxpayers to file their FORM GSTR-1 and FORM GSTR-3B returns on...
The Goods and Service Tax Network (GSTN) has enabled the option for opting for quarterly filing of GST returns under the quarterly return with the monthly payment (QRMP) scheme. The GSTN announced that for the small ...
The CBIC has notified the waiver of penalty for non-compliance to QR code provisions if compiled by April 01, 2021 for default during the period December 1, 2020 to March 31, 2021 vide Notification No. 89/2020 date...
In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) generation facility of a taxpayer is to be blocked, in case the taxpayer fails to file their returns in Form GSTR-3B or Statement in Form CM...
The Madhya Pradesh High Court held that the only mode prescribed for communicating the show-cause notice is by way of uploading on the website of the revenue and not through Email. The petitioner, Akash Garg challeng...
The Income Tax Department issued instructions for filing of Income Tax Return (ITR) 2, 3, 5, 6 & 7 for better clarity. The department while issuing the Instruction for use of offline utilities guided that the tax...
