The Goods and Services Tax Network ( GSTN ) has enabled the System computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 filed by taxpayers now available on the GST portal for monthly GSTR-1 filers. Compa...
CBDT vide Circular No. 16/2020 dated 30/08/2020 has clarified that No Bank/System Provider can impose any charges on transactions made through Debit Card, BHIM-UPI & BHIM-UPI QR CODE on or after 1st J...
In place of launching the new GST return filing system, the government will try to introduce advanced features to the older system. In an effort to the same the government has launched form GSTR 2B for the Input...
CBIC has issued Notification No 63/2020 – Central Tax dated 25th August, 2020 bringing into effect the provisions of Sec 100 of the Finance Act, 2019, which is reproduced below – Sec 100.&...
The Ministry of Finance today said that businesses with an annual turnover of up to Rs 40 lakh are GST exempt in Goods. Initially, this limit was Rs 20 Lakhs. In a tweet, the Finance Ministry said, add...
Prime Minister Shri Narendra Modi launched a platform for “Transparent Taxation - Honouring the Honest” on 13th August, 2020 through video conferencing. Speaking on the occasion he said that the process of...
It is being noticed that GST department is sending out the emails to taxpayer whose aggregate turnover has exceeded Rs. 5 crore. GST system has computed Aggregate turnover for the financial year 2019-20 base...
The Central Board of Indirect Taxes and Customs (CBIC) has notified e-invoicing for businesses with turnover above Rs 500 crore, increasing the threshold for mandatory issuing of electronic invoices from the earlier limi...
The Hon'ble Supreme Court in the case of Shree Choudhary Transport Company and Income Tax Officer held that the individuals must deduct TDS on payments to contractors even in the absence of a contract....
The Central Board of Direct Taxes (CBDT) has extended the due date of filing Income Tax Returns for the Financial Year 2018-19 to 30th September 2020 30th November, 2020*. A notification to this effect was issue...
