Cost Inflation Index for the year 2020-21 notified
The cost inflation Index for the year 2020-21 has been notified. The relevant notification is reproduced below
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Contribution to PM CARES fund – eligible as CSR Spending
The MCA , vide its Gazette Notification No GSR 313(E) dtd 26th may 2020 has made a significant change in the CSR Spending claims w.r.t. Contribution to PMCARES fund. As per this notification, the PM CARES fund is eligible to receive contributions from corporate social responsibility (CSR) corposus of Corporates. Accordingly, changes have been made
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GST Updates – 05 05 2020
GST updates for 05.05.2020 1. Validity E way bill expiring between 20th Mar 2020 to 15th Apr 2020 has been extended to 31st Mar 2020 2. GSTR 9 & 9C for the year 2018-19 date extended to 30th Sept 2020 3. Companies can now file GSTR 3B through EVC. Digital Signature is not mandatory. This
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GST FILING & COMPLIANCE – RELAXATION DUE TO OUTBREAK OF COVID 19
Due to the Covid 19 outbreak and the related Lockdown, the Government has announced various relaxation in Compliances relating to GST Filing and Compliances and notifications in this regard were issued vide Notication Nos 30/2020 CT to 36/2020, providing various reliefs. Points to Note :- There is no Change in the last date of filing
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Procedure to make declaration under Vivad Se Vishwas Scheme Notified
The Central Board of Direct taxes (CBDT) vide its Notification No 12 of 2020 dtd 19th March 2020 has notified the procedure to be followed for making declaration under Vivad Se Vishwas Scheme 2020. The relevant notification is reproduced below
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Decisions of the 39th GST Council held on 14.03.2020
The following are the some of the important decisions made at the 39th meeting of the GST council held on 14th March 2020. Interest on GST Net liability to be charged w.e.f. 01st Jul 2017. The law will be amended retrospectively. In case of cancelled registration, request for revocation of cancellation can be made upto
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Advance Tax Payment – Due on 15th Mar 2020
The final Instalment of payment of Advance Tax is due on 15th March 2020. Remember 15th March 2020 falls on Sunday. Hence please pay on or before 15th March and avoid last minute rush ups. Click here to calculate your Advance Tax Liability Click here to make Advance Tax Payment online
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Vivad Se Vishwas Scheme – FAQs
The Central Board of Direct Taxes (CBDT) has released a document containing Frequently Asked Questions (FAQs) on Vivad Se Vishwas Bill ,2020. The FAQ is provided below :- www.incometaxindiaefiling.gov.in
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Statutory Obligations for the month of March 2020
Compliance Under Compliance Due date Income-tax Act, 1961 Deposit of Tax Deducted/Collected (TDS/TCS) 7th March 2020 GST Return for TDS under GST 10th March 2020 GST Return for Outward Supplies of Taxable Goods and/or Services 11th March 2020 Income-tax Act,1961 Advance Income Tax – Final Instalment for all Assessees 15th March 2020 Provident Fund Deposit
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LLP- One time condonation of delay in filing LLP Documents-LLP Settlement Scheme 2020
As per existing provision of Limited Liability Partnership Act, if the documents which are statutorily required to be filed are filed belatedly, an additional fee of Rs. 100/- per day till the date of filing is applicable. Large number of LLPs have defaulted in filing Form 8 (Statement of Account and Insolvency) & Form 11
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Good Chance for settling your Income-tax Disputes…
During the recent budget speech, the Indian Finance minister had announced a new scheme for settling the outstanding disputes with the Income tax department and the same was named as VIVAD SE VISHWAS (VVS). This scheme once comes into force, is a very good opportunity for Income-tax assessees with long pending tax disputes. These disputes
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GST Helpdesk number changed….
The new Toll free number is 1800 103 4786 This Number can be contacted from 9.00 am to 9.00 pm , 7 days a week The helpdesk service is available in following 12 Languages : Hindi English Bengali Marathi Telugu Tamil Gujarathi Kannada Odia Malayalam Punjabi Assamese The existing number 0120-4888999 will no longer be
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CARO 2020 notified
The Ministry of Corporate affairs has notified the Companies Auditors Report Order 2020 (CARO 2020) on 25th February 2020. This is applicable for the financial year commencing from 1st April 2019. (i.e,) This is applicable from the F.Y.2019-20 onwards. Accordingly, every audit report of the Company (if applicable) shall contain the details as specified in
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GSTR 9 for the year 2018-19 activated
The GSTR 9 for the year 2018-19 has been activated in the GST Portal now. The last date for filing the GSTR 9 for the year 2018-19 is 31st March 2020. Source :- www.gst.gov.in
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New due dates for filing GSTR 3B
The New due dates for Filing GSTR 3B are as follows :-
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