Ministry of Finance HSN Code/ Service Accounting Code mandatory on invoices as per revised requirement from 1st April 2021 for GST taxpayer with turnover of more than Rs 5 crore Posted On: 31 MAR 2021 With effect from the 1st April, 2021, it has been made mandatory for a GST taxpayer, having turnover of more than… Read More »
Income Tax Date Extended by CBDT from 31st march 2021 I CA Satbir Singh
Filing GSTR-1 (Q) for Jan-Mar 2021 under QRMP Scheme 31/03/2021 The taxpayers under QRMP scheme have a facility to file Invoice Furnishing Facility (IFF) in first two months of the quarter and file Form GSTR-1 in third month of the quarter. As IFF is an optional facility it cannot be filed after the end date… Read More »
1. Pre-filled ITR Forms A major change in ITR Form is expected as per Budget 2021 (Pre Filed ITft) will be introduced. The Prefilled ITft Forms will have information of Capital Gains from Listed Securities, Dividend Income, Interest from Banks/Post Office, etc. Earlier Pre-filed ITft form was available for Salaried employees where Income was reflected on basis… Read More »
GST में High Court का अहम फैसला I GSTIN Cancellation SCN Validity I CA Satbir Singh Download Click here
Penalty Waiver in GST I New Notification 6/2021 I CA Satbir Singh
Seeks to waive penalty payable for non-compliance of provisions of Notification No. 14/2020 dated 21st March 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 AND CUSTOMS Notification No. 06/2021 – Central Tax New… Read More »
New Tax Audit Limit from AY 2021-22 I CA Satbir Singh
The Finance Bill, 2021 has received the assent of the President, Shri Ram Nath Kovind, on 28th March, 2021. The Finance Act, 2021 (No. 13 of 2021) contains 172 Sections impacting more than 20 Acts. This Act shall enforce various provisions with effect from 01-02-2021 (i.e., taxation of ULIPs, discontinuation of settlement commission, etc.), some… Read More »
GST में High Court का अहम फैसला Blocking of ITC for Mismatch in GSTR 3B & GSTR 2A I CA Satbir Singh Download Click here