In a significant move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. This would substantially improve ease of GST complian...
The Income Tax Department has notified the income tax returns for assessment year (AY) 2020-21 making it mandatory for assessees to file I-T returns for high-value transactions. The high-value tra...
India is under Lockdown since 25 March, 2020 due to Covid 19 Crisis. And it seems that Capital asset is one of the aspect that has been affected in the presence of lockdown. Let us understand whether a new asset ...
The Income Tax Department has notified the income tax returns for assessment year (AY) 2020-21 making it mandatory for assessees to file I-T returns for high-value transactions. The high-value transac...
Responding to requests in the social media for waiver of late fee on non-filing of Goods and Services Tax (GST) returns since the beginning of the indirect tax reform, CBIC said the upcoming GST Council will take up...
The Central Board of Direct Taxes (CBDT) amended the return forms and manner of furnishing return of Income for the Assessment Year 2020-21 vide Notification No. 31/2020 dated 29-05-2020. The amendme...
CBDT has notified vide Notification No. 30/2020 dated 28.05.2020 the new Annual Information Statement (AIS) under section 285BB by inserting a new Rule 114-I in the Income Tax Rules, 1962 to replace age-old Form 26AS not...
In line with the announcement made in the Union Budget, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis)....
About Form GST ITC-02A 1. What is Form GST ITC-02A? A person having multiple places of business in a State or Union territory may be granted separate registration for each place of business. If a ...
The GSTN has enabled the Form GST ITC-02A, wherein a registered person gives a declaration of unutilized ITC transferred for obtaining a separate registration within the same state or union territory. Rule 41A o...
