Conditional waiver of late fee for delay in furnishing FORM GSTR-1 for tax periods of February to May 2020 Notification No. 33/2020 – Central Tax New Delhi, the 3rd April, 2020 The following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 4/2018– Central […]
Notification No. 30/2020 – Central Tax New Delhi, the 3rd April, 2020 Seeks to amend CGST Rules (Fourth Amendment) in order to allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and to allow cumulative application of condition in rule 36(4). In exercise of the powers conferred by section 164 of the Central Goods and […]
Notification No. 29/2020 – Central Tax New Delhi, the 23rd March, 2020 (Note-The above notification further amended vide notification no.36/2020 dt 03.04.2020.Pls see the link at the bottom.) Seeks to prescribe return in FORM GSTR-3B of CGST Rules, 2017 along with due dates of furnishing the said form for April, 2020 to September, 2020, on […]
Notification No.28/2020-Central Tax, dt. 23-03-2020 Seeks to prescribe the due date for furnishing FORM GSTR-1 by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from April,2020 to September, 2020 till the eleventh day […]
Central Board of Indirect Taxes and Customs Notification No. 27/2020 – Central Tax New Delhi, the 23rd March, 2020 G.S.R……(E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Central Government, on […]
Clarification on applicability of TDS for cash withdrawals above 1 cr Commissioner of Income tax (media& Technical policy) through press release dated 30.08.2019, clarifies that section 194 N inserted in the Act,is to come into effect from 01.09.2019 and any prior period transaction will not be subject to TDS under said section.However the amendment is […]
GST Annual Return Filing last date extended. For the FY 2017-18 the last date to file GST Annual Return is extended to 30/11/2019. Please note that the last date to file Annual Return for the FY 2018-19 is 31/12/2019. Also note that the last date for claiming ITC for the FY 2018-19 is 30/9/2019.
DIRECT TAX CODE KEY RECOMMENDATIONS In November 2019 the Government constituted a task force to draft new direct tax laws in consonance with economic needs of the country. The task force has submitted following recommendations in respect of new Income Tax law: 1.Incentives for start-ups The report has suggested that the tax treatment for start-ups […]
REGISTRATION PROCEDURE IN KERALA FLOOD CESS PAYMENT Kerala Flood Cess has been implemented with effect from 01/08/2019. The tax payer’s who are liable to collect need to pay the Cess amount along with the return for the month of August 2019 and to be filed in September 2019. No option is found provided as on […]
GSTR-3B – July 2019 due date extended As per CBIC Notification number 37/2019 dated 21/08/2019 the due date is extended to 22/08/2019 leaving relief for two days. For flood affected districts in Kerala namely Malappuram, Idukki, Kozhikode, Wayanad the due date is extended to 20/09/2019.
