Oh yes, it is the buzzword. One of the boldest steps of the current government. It changes the entire taxation scenario in India. GST is a merger of all indirect taxes we had before 1-7-2017. Even at the time of lockdown GST compliances and filing
Introduction of GST Amnesty Scheme 2021 Amnesty means providing relief from some penal action. Recently GST amnesty scheme 2021 is announced by CBIC. It is a scheme to waive late fees. The fees are accumulated due to non-filing or late filing of returns. FAQ’s on
Table of Contents Amendment In 43rd GST Council Meeting And Notifications Dt. 02.06.2021Utilization of ITC by Landowner for payment of tax liability on Residential ApartmentsRead the copy in pdf: Amendment In 43rd GST Council Meeting And Notifications Dt. 02.06.2021 In an Area Sharing Joint Development
Table of Contents Introduction-Latest updates- ITC adjustment of Feb to August 2020Changes in GST returns, GSTR 3b and 1Auto draft of GSTR 3bRead and download a copy of the Press release-Watch the live discussion on changes in GST returns. Introduction- Due to lockdown, CBIC has
Table of Contents Tax CalendarIncome TaxRead & Download the full copy in pdf: Tax Calendar Due date Form/Return/Challan Reporting Period Description 07th June 2021 ITNS 281 May 2021 Due Date for Payment of TDS on all types of payments 07th June 2021 ITNS-281 May 2021
For the past almost two years, Covid-19 Pandemic has gripped the world and the Indian Sub-Continent cannot be expected to remain immune to this life-threatening virus. In fact, the ‘second wave’ of this Pandemic has turned out to be much more lethal than the
Table of Contents Not. 16/2021Not. 17/2021Not. 18/2021Read & Download the full Copy in pdf: Not. 16/2021 Provisions of Section 112 of FA 2021 is notified applicable from 1st July 2017 112. In section 50 of the Central Goods and Services Tax Act, in sub-section
Section 194Q 206C (1H) Applicability w.e.f 01-July-2021 w.e.f 01-Oct-2020 Who (Deductor/Collector) Every Buyer whose turnover (Excluding GST) in Preceding F.Y. is More than Rs. 10 Crore (While Calculating this turnover value of goods and services both included) Every Seller whose turnover (Excluding GST) in
Table of Contents Aggregate Turnover In The Preceding Fy More Than Rs. 5 Crore (> Rs 5 Cr) {NN 18/2021-CT & NN 19/2021-CT Dt. 01.06.21}Aggregate Turnover In The Preceding FY up to Rs. 5 Crore (Filling Monthly GSTR 3B) {NN 18/2021-CT & NN 19/2021-CT
Analysis of TDS provisions as per Income Tax Act (“the Act” or “IT Act”) Salary Related – 192 AND 192A Section Nature of payment Payer Payee Rate Remarks 192 Salary Any person Employee (R or NR) Slab rate Note 1 192A Accumulated balance of a
