Seeks to amend notification no. 35/2020-Central Tax in order to extend due date of compliance which falls during the period from “20.03.2020 to 30.08.2020” till 31.08.2020. [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… Read More »
New Summary Chart for GST Interest & Late Fees for GSTR 3B & GSTR 1 filing I CA Satbir Singh
President Promulgates Banking Regulation (Amendment) Ordinance, 2020 Amendments to ensure better management & sound regulation of Cooperative banks Facilitates making of reconstruction/amalgamation Scheme in the interest of public/depositors/banking/proper banking company management Posted On: 27 JUN 2020 7:10AM by PIB Delhi In pursuance of the commitment to ensure safety of depositors across banks, the President has… Read More »
Relief in late fee to Taxpayers filing Form GSTR-3B and Form GSTR-1 25/06/2020 Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified vide Notifications 51 to 54/2020 dated 24.06.2020. A Circular No. 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. Late Fee Relief to Normal… Read More »
Relief in payment of interest to Taxpayers filing Form GSTR-3B 25/06/2020 3. Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B: a. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period Due Date No interest payable till Interest payable @ 9% from & till Interest payable @ 18% from Feb,… Read More »
Relief in opting for Composition by Taxpayers & filing other Returns 25/06/2020 Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30, 34 & 35/2020 dated 03.04.2020 & 47/2020 dated 09.06.2020. 4.Opt in for Composition in FY 2020-21 Normal Taxpayers wanting to opt for Composition should not… Read More »
Big Change in GSTR3B interest and Late Fees calculation I New GST Circular I CA Satbir Singh
Circular No.141/11/2020-GST CBEC-20/06/04-2020 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, dated the 24th June, 2020 To The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) The Principal Director Generals / Director Generals (All)… Read More »
New GST Order I Restart cancelled GST registration I CA Satbir Singh
ITR 2 AY 2020-21 Enabled for Income Tax Return online Filing I CA Satbir Singh