e-invoicing – Relaxation and latest changes 01/10/2020 1.‘e-invoicing’ for certain classes of taxpayers has come into effect from 1-10-2020. 2.Keeping in view the hardships faced by the taxpayers due to COVID-19 lockdown and as some of these taxpayers are still not ready, as a last chance, Government had given relaxation that invoices raised by notified… Read More »
Taxmann’s GST Ready Reckoner-As amended by Finance Act 2020 (14th Edition August 2020-Updated till 27-07-2020) Price RS 1550 Click here to buy online Item Weight : 1 kg 260 g Paperback : 1136 pages Publisher : Taxmann Publications Pvt. Ltd. (6 August 2020) Taxmann’s Ultimate Best-Seller ‘GST Ready Reckoner”, authored by Mr. V.S. Datey, is a ready reference… Read More »
Code on Social Security 2020 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 29th September, 2020/Asvina 7, 1942 (Saka) The following Act of Parliament received the assent of the President on the 28th September, 2020 and is hereby published for general information:— THE CODE ON SOCIAL SECURITY, 2020 NO. 36 OF 2020 An… Read More »
Rule 21AG Income-tax Rules 1962 [ Note :- Rules 21AG inserted by the IT (Twenty-second Amdt.) Rules, 2020, w.e.f. 1-10-2020.] Exercise of option under sub-section (5) of section 115BAC. 21AG.(1) The option to be exercised in accordance with the provisions of sub- section (5) of section 115BAC by a person, being an individual or Hindu undivided… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th September, 2020 No. 71/2020–Central Tax G.S.R. 602(E).—In exercise of the powers conferred by sixth proviso to rule 46 of the Central Goods and Services Tax Rules, 2017, the Government, on the recommendations of the Council, hereby makes… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th September, 2020 No. 72/2020–Central Tax G.S.R. 603(E).—In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby… Read More »
Exemption from GST to following entries extended till 30.09.2021 Entry 20A : Services by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India Entry 20B : Services by way of transportation of goods by a vessel from customs station of clearance in India to… Read More »
Exemption from GST to following entries extended till 30.09.2021 Entry 19A : Services by way of transportation of goods by an aircraft from customs station of clearance in India to a place outside India Entry 19B : Services by way of transportation of goods by a vessel from customs station of clearance in India to… Read More »
Ministry of Finance Clarification on doubts arising on account of new TCS provisions 30 SEP 2020 There are reports in certain sections of media wherein certain doubts have been raised regarding the applicability of the provisions relating to Tax Collection at Source (TCS) on certain goods introduced vide Finance Act, 2020. This press note is… Read More »
Income Tax Return date extended AY 2019-20 On further consideration of genuine difficulties being faced by taxpayers due to the Covid-19 situation, CBDT further extends the due date for furnishing of belated & revised ITRs for Assessment Yr 2019-20 from 30th September, 2020 to 30th November, 2020.Order u/s 119(2a) issued.