Government extends timelines of certain compliances in light of the severe pandemic

In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that various compliance dates may be relaxed, the Government has extended certain timelines today. In the light of multiple representations […]

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Clarification on issue of GST on Airport levies

General / admin

[gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-115.pdf”]

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Clarification on scope of support services to exploration, mining or drilling ofpetroleum crude or natural gas or both

General / admin

[gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-114.pdf”]

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Clarification regarding GST rates & classification (goods)

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[gview file=”https://bssridhar.com/blog/wp-content/uploads/2019/10/circular-cgst-113.pdf”]

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Due date for filing Returns (Non Audit) extended

General, Income tax return filing in chennai, Income-tax / admin

The Central Board of Direct Taxes (CBDT) vide its Order u/s. 119 of the Income-tax Act,1961 , dated 23rd July 2019 has extended the due date for filing the Income-tax returns in respect of all taxpayers who are liable to file Income tax returns. The extended due date is 31st Aug 2019 (earlier due date

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Update for GST Composition Dealers

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The Composition dealers are required to comply with Payment of Tax & File yearly return from the year 2019-20 onwards. (As per notification 21/2019 -Central Tax – dtd 23rd April 2019) The above said payment shall be made by Composition dealers through form CMP-08 on or before 18th July 2019 (For quarter Apr 19 to

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GST – MSME Sector

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The Government of India has released a publication containing various provisions and benefits provided under GST regime to MSME sector. The same can be downloaded in the below link :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2019/07/GST_MSMEs_Booklet_01072019.pdf”] Source :- www.cbic.gov.in

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Advance Tax Calculator for AY 2020-21

General, Income tax return filing in chennai, Income-tax / admin

The due date for payment of Advance tax for the year 2019-20 (AY 2020-21) falls on 15th June 2019. Click here to open a tool which will help you calculate your Advance tax liability. Click here for the link for Payment of Advance Tax online. Please ensure to give your correct PAN , Address ,

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GST Set off rules changed w.e.f. 01st Feb 2019

General, GST / admin

GST Set off rules changed w.e.f. 01st Feb 2019 The GST Amendment Act has been made applicable w.e.f. 1st Feb 2019. One of the important changes in the GST Amendments is that the manner of set off of Input Tax credit. Before amendment, the GST was Set off as under :- [table id=32

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Reverse Charge payment of GST suspended till 30th September 2019

General, GST / admin

As you are aware, as per Section 9(4) of the CGST Act, GST is payable under Reverse Charge basis in respect of inward supplies from unregistered suppliers. This was deferred by notification till 30th of September 2018 earlier. Now another notification has been issued to defer the same till 30th September 2019. In view of

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GSTR 3B Monthly return to continue till March 2019

General, GST / admin

As per the latest Notification No 34/2018-Central Tax, the filing of Monthly Summary Return in GSTR 3B shall continue till the month of March 2019 and in view of the same, tax payment shall also be paid while filing the GSTR – 3B . The last date for filing the GSTR-3B is 20th of the

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Due dates for filing GSTR-1 returns till March 2019 announced

General, GST / admin

The CBIC has announced the due dates for filing GSTR-1 returns till the month of March 2019. As per Notification No 33/2018-Central Tax, the due dates for filing GSTR-1 returns in respect of taxpayers with less than 1.50 crores turnover is as follows :- [table id=30 /] As per Notification No 32/2018-Central Tax , the

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