Seeks to waive late fee for FORM GSTR-4 filing in UT of Ladakh for Financial year 2019-20. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 93/2020-Central Tax New Delhi, the 22nd December, 2020 G.S.R…..(E).— In exercise of the powers conferred by section 128 of the… Read More »
Seeks to bring into force Sections 119,120,121,122,123,124,126,127 and 131 of Finance Act, 2020(12 of 2020). [To be published in the Gazette of India, Extraordinary,Part II,Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No 92/2020-Central Tax New Delhi, the 22nd December, 2020 S.O.… Read More »
Webinar for taxpayers on Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme 22/12/2020 With effect from 1st January, 2021, all taxpayers filing Form GSTR 3B with Aggregate Annual Turnover of up to Rs 5 Cr. in the previous financial year, persons obtaining a new registration or taxpayers opting out of Composition Scheme would… Read More »
National Informatics Centre e-way bill Project Generation of E-way Bills by Transporters for e-invoices e-Invoice is launched on 1st Oct 2020 successfully for the tax payers having annual turnover more than Rs. 500 Crores. More than 33000 tax payers have accessed this system and generated more than 1250 Lakhs of IRN from the NIC portal,… Read More »
Inside This Issue Year-end reminder: Expanded tax benefits help individuals and businesses give to charity during 2020 Get Ready for Taxes: Stay home and stay safe with IRS online tools A Closer Look: How the IRS Ensures Compliance with the Tax Laws Reminder: Secure Access credentials and upcoming authorization upload tool Hiring good employees… Read More »
How to file Form 15CA for Payment to Non Residents I CA Satbir Singh
Ignore prompt on liability for inward supplies attracting reverse charge in Table-3.1 (d) 19/12/2020 The system has started providing auto-populated GSTR-3B on the basis of GSTR-1 & GSTR-2B from the tax period of November 2020 onwards. In this auto-populated GSTR-3B, liability on account of inward supplies attracting reverse charge auto-populated in Table-3.1(d) is also drawn from GSTR-2B… Read More »
To ensure that all Business Returns e-filed through the Modernized e-File (MeF) system are processed timely, the following MeF Production shutdown/cutover and acknowledgment retrieval schedule has been established. It is imperative that everyone adhere to the schedule shown below. Business MeF Production Shutdown/Cutover Schedule Shutdown for “Send Submissions” only is scheduled to begin at 11:59… Read More »
Padhuka’s Company Law Ready Reckoner – 2/edition 2021 Paperback – 1 November 2020 by CA R.S. Balaji CA G. Sekar (Author) Click here to buy online Lucid coverage of companies Act, 2013 as amended till date. Inclusion of provisions of companies (Amendment) Act, 2020, DT. 28-09-2020 in the respective sections detailed explanations to sections along with relevant… Read More »
Due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021 17/12/2020 Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017,… Read More »