MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 30th December, 2020 No. 95/2020-Central Tax G.S.R. 809(E).—In exercise of the powers conferred by sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as… Read More »
NOTIFICATION New Delhi, the 31st December, 2020 S.O. 4805(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to the Act) and in supersession of the notification of the Government of India in the… Read More »
Ministry of Finance DGGI Gurugram arrests 3 for fraudulently claiming input tax credit of Rs 12.90 crore Posted On: 31 DEC 2020 5:55PM by PIB Delhi The Directorate General of GST Intelligence (DGGI), North Zone, Gurugram has arrested three persons, namely Shri Alok Bhargava and his sons Shri Akul and Shri Atin Bhargava, owners of… Read More »
Ministry of Finance Income Tax Department conducts searches in Kolkata Posted On: 31 DEC 2020 The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading of marbles & stones, food grains etc. The search action has resulted in unearthing of incriminating evidences… Read More »
Ministry of Finance Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme gets implemented from 01.01.2021 Posted On: 31 DEC 2020 8:40PM by PIB Delhi Taking a major step to boost exports, Government has decided to extend the benefit of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) to all… Read More »
Taxmann’s Faceless Assessment & Appeals Ready Reckoner with Real Time Case Studies – Updated till 10th December 2020 | 3rd Edition 2021 Paperback – 25 December 2020 by Mayank Mohanka Buy online Click here This book is a ready-reckoner for the assessees and tax practitioners, to understand the ‘Faceless Assessment Scheme, 2019 & Faceless Appeal Scheme, 2020, in an effective, qualitative and timely… Read More »
Webinar for taxpayers on recent changes in process of Registration on GST Portal 31/12/2020 Recently, certain changes have been made in Registration process on GST Portal. In this regard, GSTN would be conducting following webinars for taxpayer awareness: Topic Recent changes in process of Registration on GST Portal Language English Hindi Date 05-01-2021 07-01-2021… Read More »
ITR & Tax Audit date Extended AY 2020-21 I GST Return date Extended I CA Satbir Singh Ministry of Finance Extension of time limits for income tax returns Posted On: 30 DEC 2020 7:08PM by PIB Delhi In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the… Read More »
Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A 30/12/2020 Certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices shall be auto-populated in respective tables of GSTR-1. Update on the status of such auto-population was last published on 30/11/2020. For those taxpayers who had… Read More »
New Intimation for Suspension of GST Registration I REG 31 I CA Satbir Singh