ITR & Tax Audit date Extended AY 2020-21 I GST Return date Extended I CA Satbir Singh Ministry of Finance Extension of time limits for income tax returns Posted On: 30 DEC 2020 7:08PM by PIB Delhi In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the… Read More »
Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A 30/12/2020 Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1. Update on the status of such auto-population was last published on 30/11/2020. For those taxpayers who had… Read More »
New Intimation for Suspension of GST Registration I REG 31 I CA Satbir Singh
New GST Council Committee for Online Platform Suppliers I CA Satbir singh
Income Tax Return JhatPat Processing I CA Satbir singh
New GST Clarifications on Rules 86B by CBIC I CA Satbir Singh
Select sections of the Finance Act, 2020 to be effective from 1st January 2021 The Central Government vide Notification No. 92/2020- Central Tax dated 22nd December 2020 has appointed 1st day of January, 2021, as the date on which the provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the Finance Act, 2020 shall come… Read More »
Rule 86B Myth and Realties Clarified by CBIC
Ministry of Finance Income Tax Department conducts searches in Guwahati Posted On: 26 DEC 2020 Income Tax Department started a Search and Survey action on 22.12.2020 in the cases of three leading contractors of North Eastern India. One of the groups is also into Hospitality business. The Search and Survey actions are being carried out… Read More »
Communication between Recipient and Supplier Taxpayers on GST Portal 25/12/2020 A facility of ‘Communication Between Taxpayers’ has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers, regarding missing documents or any shortcomings in the documents or any other issue related to it. This facility is… Read More »