Circular No. 142/12/2020- GST Page 1 of 3 F. No. CBIC/20/06/14/2020-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, the 9th October, 2020 To The Pr. Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central […]
Relief in payment of interest to Taxpayers filing Form GSTR-3B 25/06/2020 3. Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable […]
Relief in opting for Composition by Taxpayers & filing other Returns 25/06/2020 Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30, 34 & 35/2020 dated 03.04.2020 & 47/2020 dated 09.06.2020.4.Opt in for Composition in FY 2020-21 Normal Taxpayers wanting to opt […]
Extension of various time limits under Direct Tax & Benami laws Posted On: 24 JUN 2020 8:48PM by PIB Delhi In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliance requirements across sectors due to the outbreak of Novel Corona Virus (COVID-19), the Government brought the […]
Ministry of Finance Recommendations of GST council related to Law & Procedure Posted On: 12 JUN 2020 4:08PM by PIB Delhi The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union […]
Following measures were announced today:- Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs To provide relief to the business, additional working capital finance of 20% of the outstanding credit as on 29 February 2020, in the form of a Term Loan at a concessional rate of interest will be provided. This […]
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 40/2020 – Central Tax New Delhi, the 5th May, 2020 G.S.R…..(E).– In exercise of the powers conferred by […]
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 41/2020 – Central Tax New Delhi, the 5th May, 2020 G.S.R…..(E).– In exercise of the powers conferred by […]
TDS payment for the month of March 2020 Payment of tax deducted at source (TDS) for the month of March 2020 into the Govt. treasury: · No change in time for payment which is 30 April 2020 · However, reduced interest rate @ 0.75% per month or part thereof would be [...]
What is GST PMT 09? Earlier launched by CBIC via notification no. 31/2019 CT on 28th June 2019, PMT 09 is the prescribed challan for relocating the falsely or erroneously paid ITC. For example, if you have paid CGST instead of SGST, you can rectify it by using this challan which […]
