Quarterly Return Monthly Payment scheme (QRMP) under GST Issuance of system generated notice in Form GSTR-3A, to the taxpayers who have opted for QRMP Scheme and fail to filed their GSTR-3B return on quarterly basis, within due date. Taxpayers opting for fixed sum method , prefilled Challan of in Form GST PMT-06 of 35% of …
Quarterly Return Monthly Payment scheme (QRMP) under GST.(11.03.2021) Read More »
Tracking of GST Registration Application Status Post Temporary Registration No.(TRN) Login will now be displayed stage wise on the portal.
Udyam registration simplified – GSTN requirement relaxed. The proprietor may use his/ her PAN for registration of the enterprise in the Udyam Registration Portal and now no need for GST registration. Notification No. S.O. 1055(E) dated 05.03.2021
In the recent Supreme Court Suo Motu judgment in computing the period of limitation for filing any suit, appeal, application or proceeding, the period from 15.03.2020 till 14.03.2021 shall stand excluded and consequently, the balance period of limitation remaining as on 15.03.2020, if any, shall become available w.e.f 15.03.2021. In cases where the limitation would …
Taxpayers having turnover exceeding Rs 50 Crores ( existing 100 Crores) will have to generate e Invoices w.e.f 1st April 2021. (Notification No. 05/2021–Central Tax Dated 8th March, 2021)
Taxpayers are required to select their business activity only once, as – Manufacturer, wholesaler/Distributor/Retailer, service providers & others , post login based on highest turnover amongst the business activities it can be changed later.
The Central Board of Employees Provident Fund has recommended 8.50% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2020-21. It will be shortly notified.
Now, it will be mandatory for every taxpayer to report HSN Code in Table 12 of GSTR 1. In case of turnover up to 5 Crore , minimum 4 digit HSN Code to be reported for all B2B supplies & exports and where the turnover is more than 5 crores minimum 6 digit HSN code …
Introduction of a category as ‘Potential cases’ for selection by the Jurisdictional Assessing Officer (JAO) to issue notices up to 31st March 2021 wherein any income has escaped recomputation or assessment for the AY 2013-14 to AY 2017-18 u/s 148 of the IT Act. . Potential cases to include Reports of Directorate of Income-tax (Investigation),Directorate …
Issue of ADVISORY NO. 05/2021 – ACES-GST (CE&ST) dated 27th February 2021 towards allotment of Temporary Accounting Code (0038 0210) to pay Agriculture Infrastructure and Development Cess (Central Excise)
CBDT vide Circular No 02/2021 dated 3rd March 2021 has provided that if any individuals who had come on a visit to India during the previous year 2019-20 and intended to leave India but could not do so due to suspension of international flights and facing double taxation even after taking into account the relief provided …
Vide Gazette no. G.S.R. 143(E ) dated 1st March 2021 New labour law ‘The Code on Wages (Central Advisory Board) Rules, 2021’ have been published by MINISTRY OF LABOUR AND EMPLOYMENT in suppression of existing Minimum Wages Act & Rules.
DGFT announces Online Module for Adjudication, Appeal, Review proceedings.
Measures for Streamlining of Customs Post Clearance Audit work has been notified and custom audit will now be regularly conducted and monitored.
Registration for next phase of COVID19 Vaccination on Co-WIN2.0 portal will open at 9:00 am on 1st March 2021 at www.cowin.gov.in.
Due date for filing GSTR-9 and GSTR-9C for FY 2019-20 is extended further to 31.03.2021.
Anti-dumping investigation on imports of Polyurethane Leather has been initiated. Case No. AD-OI-46 2020
Anti-dumping duty on imports of Glazed/Unglazed Porcelain/Vitrified tiles. Notification No. 09/2021 -Customs (ADD) dtd. 25th Feb 2021
Anti-Dumping duty on Melamine originating from China. Notification No. 10/2021-Customs (ADD) dtd. 25th February, 2021
HC imposes cost of Rs.50000 on Department for filing belated Appeal with it despite tax effect of less than Rs. 1 Crore. [ Case Law: PCIT Vs Indian Roadways Corp. Ltd. (Calcutta High Court)]
