[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 […]
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 […]
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 […]