Filing Dates extended for providing relief to taxpayers in view of COVID-19 pandemic- Part 1 07/04/2020 Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 has been issued. 1. Normal Taxpayers […]
PRESS RELEASE ON GST RATES ON CERTAIN GOODS AND SERVICES IN 39TH GST COUNCIL MEETING ON 14TH MARCH, 2020 GST Council in the 39th meeting held on 14th March, 2020 at New Delhi took following decisions relating to changes in GST rates on supply of goods and services. The recommendation of […]
[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. 07/2020 – Central Tax New Delhi, the 3 rd February, 2020 G.S.R…..(E).– In exercise of the powers conferred […]
-For MSME sector Audit threshold for MSMEs raised to ₹5 crore from ₹1 crore -More on tax front -100% tax exemption on Soverign Wealth Funds’ Indra Investment. -Concessional 5% withholding tax entended to municipal bonds, Nirmala Sitharaman -FM Nirmala Sitharaman on the new tax regimes: Lowest, simplest, smoothest -On DDT Dividend Distribution Tax […]
Highlights of 38th GST Council Meeting 1. Due dates extended for GSTR-9 and GSTR-9C for FY 2017-18 till 31 January 2020 The due date of GSTR-9 and GSTR-9C are extended further till 31 January 2020 from the earlier date of 31 December 2019. It was done to allow more time for […]
