Revised guidelines for conduct of personal hearings in virtual mode under CGST Act, 2017, IGST Act, 2017, Cusdtoms Act , 1962 , Central Excise Act, 1944 and Chapter V of Finance Act , 1994 and Chapter V of Finance Act 1994 F.No. 390/Misc./3/2019-JC
E-INVOICE SANDBOX SYSTEM – (Testing tool for development of e-Invoice APIs) E-Invoice Sandbox System https://einv-apisandbox.nic.in provides the essential information for developers to integrate the e-Invoicing operations exposed by NIC-IRP through APIs with their respective ERPs and financial accounting systems. The home page is accessible from anywhere without any login and provides complete information on the …
Procedure of QR code in E-Invoice System
As per the GST Council direction, National Informatics Centre (NIC) has built the e-invoice system as per the latest e-invoice (IRN) schema published on the GSTN portal. As per the notification of GST (Notfn No. 61 dtd: 30th July, 2020), this system has been enabled for the taxpayers with PAN based turnover more than Rs …
As per GST Council direction, NIC has built the e-invoice system (17.8.2020) Read More »
Three new Members namely Shri. Ajay Jain, Shri. Vivek Johri and Ms. Sungita Sharma joins CBIC. Heartiest Congratulations from Team Bizsol.!!
Amendment in Export Policy of Basmati & Non-Basmati Rice which has been made free for specified countries
No Advance Authorisations will be granted, if Gold jewellery/articles manufactured by fully mechanised process
Revised procedure for Import of Pets / Live Animals has been specified for ease of doing business
GST Portal capacity has been increased to 3 lakh users from 1.5 lakh users.
E-invoicing schema notified (INV-01). CBIC has issued two notifications on 30.07.2020. Notification No. 60/2020 and 61/2020 Central Tax. e-invoice for assessee’s having turnover above 500 crore to be applicable from October 1 and SEZ units are excluded from e-invoicing.
SEBI extends Takeover and Buy-back Relaxations
7.1% Interest on PF deposit WEF 01.07.2020 to 30.09.2020
ICAI to provide Medical Financial Assistance to Members & their dependents suffering from CORONA
Extension to the levy of Anti-Dumping duty on Fluoroelastomers (FKM) originating in or exported from China for a further period of three months.[ Notification No. 19/2020-Customs (ADD] dtd 21st July 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2020-Customs (ADD) New Delhi, the 21st July, 2020 G.S.R.–(E). -Whereas, the designated …
Extension to the levy of Anti-Dumping duty (22.07.2020) Read More »
Link for filling Annual Return is opened on GSTN Period of tax Till FY 2018-19 After FY 2018-19 Quarter Composition taxpayer has to file return on quarterly basis in Form GSTR-4 No need to file return on quarterly basis. Only a statement is required to be filed in Form GST CMP-08. Annual The annual return …
Link for filling Annual Return is opened on GSTN (22.07.2020) Read More »
Revised Procedure and Criteria for submission and approval of applications for export of PPE Medical Coveralls for COVID-19 (Trade Notice No.: 18/2020-21 dtd 20th July 2020) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi Dated: 20th July, 2020 Trade Notice No.: 18/2020-21 …
Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020 (FA, 2020) for non applicability of the TDS when payment is made by Banks and Co-operative Banks and post upto Rs. 1 Cr. (Circular No. 14/2020 …
Settlement of death claims on priority basis in events of industrial accidents, etc. to be made as instructed vide Circular Number EDLI/3(39)SOM/2020/246 dtd. 17th July 2020 issued by EMPLOYEES PROVIDENT FUND ORGANISATION MINISTRY OF LABOUR & EMPLOYMENT. GOVERNMENT OF INDIA
New Form 26AS is the Faceless hand-holding of the Taxpayers is notified by CBDT on 18th July 2020.
Pending GST Applications for registration during COVID -19 period should be attended on or before 31st July 2020 vide CBEC Circular No. CBEC-20/06/11/2020-GST dtd 17th July 2020
