Changes in GST Rates w.e.f 01st Oct 2021

The recent 45th GST Council meeting had suggested changes in GST Rates in respect of various goods and services. These changes in rates are w.e.f. 01st Oct 2021. For giving effect to these changes, the below notifications arere issued :- 06/2021-Central Tax (Rate) ,dt. 30-09-2021 07/2021-Central Tax (Rate) ,dt. 30-09-2021 08/2021-Central Tax (Rate) ,dt. 30-09-2021 …

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Extension of time for conduct of AGM by Companies extended

Every company registered under the Companies Act, 2013 has to conduct its AGM every year. The due date for the same normally falls on or before 30th September for most of the Companies. Due to various representations received from the stakeholders, the Ministry of Corporate affairs has extended the time of holding Annual General Meetings …

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Are you liable to pay Advance Tax? Check this out….

Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total …

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Missed filing GST Returns or your GST Registration is cancelled? GST Amnesty scheme can give you some relief… Read how…

Filing of GST Returns on due dates is very important in GST regime which not only ensures seamless flow of Input tax credits but also to keep the GST Registration active. Due to various reasons, if you have not filed your GST returns for any months between July 2017 to April 2021, here is an …

Missed filing GST Returns or your GST Registration is cancelled? GST Amnesty scheme can give you some relief… Read how… Read More »

Filing your income taxes on time can actually help you save money. Find out how..

As per provisions of Income-tax Act,1961 every assessee shall file his return of Income on or before the due dates for filing the returns. The deadline for filing Income-tax returns for the Financial year 2020-21 (Assessment Year 2021-22) is as follows :- Type of the Assessee Due date for filing Assessees whose accounts are not …

Filing your income taxes on time can actually help you save money. Find out how.. Read More »

gst return filing and gst registration services

Input Tax Credit (ITC) Reversal for Non Payment to your suppliers

As per Section 16(2) Second & Third Proviso of CGST Act,2017 , if a Tax payer fails to pay the supplier of goods or services or both, within 180 days from the date of Invoice, the amount equivalent to the Input tax Credit (ITC) availed by the recipient shall be added to the output liability …

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File your Income-tax returns before due date if you have any losses…

The due date for filing your Income-tax returns is fast approaching. Many think that only if you have Income you need to file your Income-tax returns on time. But the fact is even if you are facing losses, it becomes important to file your returns on time, on or before the statutory due date. There …

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Extension of various time lines for filing under Income-tax for the year 2020-21

Extension of various deadlines under Income-tax vide CBDT Circular F.No 225/49/2021-ITA-II dtd 20th May 2021 Sl. No Name of the Compliance OriginalDue date ExtendedTime line 1 Statement of Financial Transactions (SFT) for the year 2020-21 31st May 2021 30th June 2021 2 Statement of Reportable Account for the  year 2020 31st May 2021 30th June …

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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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