Notification issued to prescribe due dates for filing of return in FORM GSTR-3B in a staggered manner. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 07/2020 – Central Tax New… Read More »
Penalty for Fake Invoice / False Entries : Section 271AAD Income Tax Budget 2020 Why Penalty for Fake Invoices under Income Tax – In the recent past after the launch of Goods & Services Tax (GST), several cases of fraudulent input tax credit (ITC) claim have been caught by the GST authorities. – In these… Read More »
Notification No 06/2020 Central Tax Seeks to extend the last date for furnishing of annual return/reconciliation statement in FORM GSTR-9/FORM GSTR-9C for the period from 01.07.2017 to 31.03.2018. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No.06/2020 – Central Tax New Delhi, the 3 rd February,… Read More »