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Notification No. 57/2020 – In case of GSTR-3B, Maximum amount of Penalty has been restricted to Rs. 500/- for the tax periods from Feb,2020 to July,2020, if filed upto 30.09.2020.

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Notification No. 57/2020 Click here to Download Chart Click here to Download Notification

Notification No. 57/2020 – In case of GSTR-3B, Maximum amount of Penalty has been restricted to Rs. 500/- for the tax periods from Feb,2020 to July,2020, if filed upto 30.09.2020. Read More »

Press Release dated 13 May 2020 – Income tax Date Extended, Audit date extended, Collateral Free loan to MSME, MSME definition is revised, TDS/TCS rate is reduced by 25% on all sections and many more

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*Important points of the Press conference of Honorable FM:*  *Six major steps for MSME*1. Collateral Free Automatic Loan to MSME. No guarantee required. Period 4 Years. No principal repayment for 1 year. 2. Stressed MSME: Subordinate Debt 20,000 crore3. MSME doing viable business: 50,000 cr. equity infusion for expansion 4.     Definition of MSME changed: a. Micro:

Press Release dated 13 May 2020 – Income tax Date Extended, Audit date extended, Collateral Free loan to MSME, MSME definition is revised, TDS/TCS rate is reduced by 25% on all sections and many more Read More »

5 NEW GST NOTIFICATIONS ISSUED ON 5 MAY 2020 – DATE EXTENDED FOR GST ANNUAL RETURN, E-WAY BILL,GSTR-3B, GSTR-3B FILING THROUGH SMS

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ON 5 MAY 2020, CBIC ISSUED 5 NEW GST NOTIFICATIONS (DOWNLOAD FROM BELOW LINK) – DATE EXTENDED FOR GST ANNUAL RETURN, E-WAY BILL,GSTR-3B, GSTR-3B FILING THROUGH SMS Click here to download notifications

5 NEW GST NOTIFICATIONS ISSUED ON 5 MAY 2020 – DATE EXTENDED FOR GST ANNUAL RETURN, E-WAY BILL,GSTR-3B, GSTR-3B FILING THROUGH SMS Read More »

Notification No. 15 to 29 Dt. 23.03.2020

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15/2020-Central Tax ,dt. 23-03-2020    –  Seeks to extend the time limit for furnishing of the annual return specified under section 44 of CGST Act, 2017 for the financial year 2018-2019 till 30.06.2020. Click here to download in English Click here to download in Hindi 16/2020-Central Tax ,dt. 23-03-2020    –  Seeks to make third amendment (2020)

Notification No. 15 to 29 Dt. 23.03.2020 Read More »

Budget Memorandum 2020

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FINANCE BILL, 2020 PROVISIONS RELATING TO DIRECT TAXES Introduction The provisions of Finance Bill, 2020 (hereafter referred to as “the Bill”), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), Prohibition of Benami Property Transactions Act, 1988 (hereafter referred to as “PBPT Act”), and Finance Act, 2013,

Budget Memorandum 2020 Read More »

Notification No. 46/2019, Central Tax dated 9.10.2019 (Seeks to prescribe the due date for furnishing of return in FORM GSTR-1 for registered persons having aggregate turnover more than 1.5 crore rupees for the months of October, 2019 to March, 2020)

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Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 46/2019 – Central Tax G.S.R……(E). – In exercise of the powers conferred by the second proviso to sub-section (1) of section 37 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of

Notification No. 46/2019, Central Tax dated 9.10.2019 (Seeks to prescribe the due date for furnishing of return in FORM GSTR-1 for registered persons having aggregate turnover more than 1.5 crore rupees for the months of October, 2019 to March, 2020) Read More »

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