The CBIC has clarified that, E-Way Bill generation facility to be blocked for all Taxpayersirrespective of their Aggregate Annual Turnover who failed to file GSTR-3B/CMP-08 for 2 or more tax period from Decembe...
In a statement, the Department of Revenue (DoR) reiterated that there will be no extra compliance burden on the taxpayers for GST turnover displayed in the Form 26AS. "The GST turnover is being shown in 26AS ju...
Form 26AS i.e. Annual Information Statement will now include monthly GST turnover based on the GSTR-3B for the relevant year. CBDT vide Order dated 29/09/2020 had authorized regarding uploading Information r...
As part of the AatmaNirbhar Bharat Package 3.0 as announced by Hon’ble Finance Minister on 12th November, 2020, certain income tax relief measures were brought in for real-estate developers and home buyers. Up t...
Over the years, the Ministry of Finance has been holding pre-budget consultations in North Block with Industry/Commerce Associations, Trade Bodies and Experts to seek ideas for the Annual Budget. Owing to ...
The CBIC has enabled the Auto-populated E-Invoice details in GSTR-1 in GST Portal. Certain notified taxpayers have to prepare and issue their invoices by obtaining Invoice Reference Number (IRN) from Invoice Regi...
The CBIC has issued several notifications on 10/11/2020 amending various rules in respect of return filing. A summary of the same is as below: Notification No. 81/2020 : Seeks to notify amendment carried ...
CBIC has issued Notification No. 81/2020–Central Tax to Notification No. 88/2020–Central Tax along with a Circular 143/13/2020 on 10th November 2020 in relation to GSTR 1, FORM GSTR-2B, GST E-I...
The Central Board of Direct Taxes (CBDT) vide Circular No. 8/2020 dated April 13,2020 has clarified that an employer will have to deduct TDS for FY 2020-21, from an employee's salary on the basis of the tax regi...
New Update : Extension of Due Date of TAR and filing of ITR for AY 2020-21 Read more here : https://taxninja.in/blog/extension-of-due-date-of-tar-and-filing-of-itr-for-ay-2020-21 After various represent...
