Frequently asked questions on QRMP scheme Q 1: What is QRMP scheme? What are its benefit? A: Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers having an aggregate turnover at PAN level up to Rs. 5 crore can opt for quarterly GSTR-1… Read More »
Circular No. 145/01/2021-GST CBEC-20/06/01/2021-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, dated the 11th February, 2021 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All) Madam/Sir, Subject: Standard Operating Procedure (SOP) for… Read More »
Ministry of Finance Framework for enabling Ancillary services at International Financial Services Centres notified Posted On: 11 FEB 2021 3:27PM by PIB Delhi Considering the importance of professional and other service providers for the development of financial products, financial services and financial institutions in the International Financial Services Centres (IFSC), a framework for enabling ancillary… Read More »
Ministry of Finance Income Tax Department conducts searches in Bengaluru Posted On: 11 FEB 2021 The Income Tax Department carried out search and seizure operation on a major liquor manufacturer group based in Bengaluru on 09.02.2021 at 26 different locations across India. This group has huge land bank which is being developed into residential and… Read More »