7.1% Interest rates on Non-Government Provident, Superannuation and Gratuity Funds from 01.01.2021 to 31.03.2021

By | January 6, 2021
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MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 6th January, 2021 F.No. 5(2)-B(PD)/2020.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect from… Read More »

Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme on GST Portal

By | January 6, 2021
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Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme 06/01/2021 An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who have opted for quarterly filing frequency under the scheme… Read More »

Customs Authority for Advance Rulings Regulations 2021 : Notification No 01/2021–Customs (N.T.)

By | January 5, 2021
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MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 4th January, 2021 No. 01/2021–Customs (N.T.) G.S.R. 4(E).—In exercise of the powers conferred by section 157 read with sub-section (1) of section 28H, sub-section (1) of section 28KA and sub-section (1) of section 28M of the Customs Act, 1962 (52 of 1962) and in supersession… Read More »

CGST Delhi West Commissionerate arrests one for duty evasion of around Rs 831.72 crore

By | January 3, 2021
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Ministry of Finance CGST Delhi West Commissionerate arrests one for duty evasion of around Rs 831.72 crore Posted On: 03 JAN 2021 The Central GST Delhi West Commissionerate has unearthed evasion of GST by way of manufacture and clandestine supply of gutkha/pan masala/tobacco products without any registration and payment of duty. On basis of the… Read More »

Category: GST

Notification No 01/2021 Central Tax : GSTR 1 filing Blocked if GSTR 3B not filed

By | January 2, 2021
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[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. 01/2021 – Central Tax New Delhi, the 1st January, 2021 G.S.R……(E). – In exercise of the powers conferred by section 164 of… Read More »

ITR AY 2020-21 update Late Fees UDIN

By | January 2, 2021
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ITR AY 2020-21 update Late Fees UDIN 01/01/2021   CBDT has extended the due date for filing Income Tax Returns for the Assessment Year 2020-21. Accordingly the ITRs are modified to update the 234A interest & 234F Fee calculation and the same is available for download. 01/01/2021   Timeline before which UDIN are to updated with respect… Read More »