USA IRS : Final Extension of Temporary Relief for Fuel Removals Destined for Nontaxable Use Due to West Shore Pipeline Shutdown

By | December 24, 2020
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N-21-04: Final Extension of Temporary Relief for Fuel Removals Destined for Nontaxable Use Due to West Shore Pipeline Shutdown Notice 2021-04 provides the final extension of the temporary dyed fuel relief provided in section 3.02 of Notice 2017-30, 2017-21 I.R.B. 1248.  The temporary relief was extended through December 31, 2018, by section 3 of Notice 2018-39,… Read More »

USA IRS : Relief from Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans

By | December 24, 2020
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N-21-03: Extension of Temporary Relief from the Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans In response to the continuing public health emergency caused by the Coronavirus Disease 2019 (COVID-19) pandemic, Notice 2021-03 extends from January 1, 2021, through June 30, 2021, the temporary relief provided in Notice 2020-42, 2020-26 I.R.B. 986, from the physical… Read More »

USA IRS issues standard mileage rates for 2021

By | December 23, 2020
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IRS issues standard mileage rates for 2021 WASHINGTON — The Internal Revenue Service on 22.12.2020 issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans,… Read More »

New Rule 86B of CGST Rules 2017 :Restrictions on use of amount available in electronic credit ledger

By | December 23, 2020
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Restrictions on use of amount available in electronic credit ledger Notification No. 94 /2020 – Central Tax : CGST (Fourteenth Amendment) Rules, 2020.  inserted Rules 86B of CGST Rules 2017 In the said rules, after rule 86A, with effect from the 1st day of January, 2021, the following rule shall be inserted, namely: – “86B.… Read More »

Notification No. 94 /2020 – Central Tax : CGST (Fourteenth Amendment) Rules, 2020.

By | December 23, 2020
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Seeks to make the Fourteenth amendment (2020) to the CGST Rules.2017 [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. 94 /2020 – Central Tax New Delhi, the 22nd December, 2020… Read More »

Notification No. 93/2020-Central Tax : GSTR 4 late fees waiver for UT of Ladakh for Financial year 2019-20.

By | December 23, 2020
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Seeks to waive late fee for FORM GSTR-4 filing in UT of Ladakh for Financial year 2019-20. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 93/2020-Central Tax New Delhi, the 22nd December, 2020 G.S.R…..(E).— In exercise of the powers conferred by section 128 of the… Read More »

Notification No 92/2020-Central Tax : Effective date 1st january 2021 for Sections 119,120,121,122,123,124,126,127 and 131 of Finance Act, 2020

By | December 23, 2020
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Seeks to bring into force Sections 119,120,121,122,123,124,126,127 and 131 of Finance Act, 2020(12 of 2020). [To be published in the Gazette of India, Extraordinary,Part II,Section 3, Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No 92/2020-Central Tax New Delhi, the 22nd December, 2020 S.O.… Read More »

Webinar for taxpayers on Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme

By | December 23, 2020
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Webinar for taxpayers on Quarterly Return Filing and Monthly Payment of Taxes (QRMP) Scheme 22/12/2020 With effect from 1st January, 2021, all taxpayers filing Form GSTR 3B with Aggregate Annual Turnover of up to Rs 5 Cr. in the previous financial year, persons obtaining a new registration or taxpayers opting out of Composition Scheme would… Read More »

Category: GST