Monthly GSTR-1 Due Dates (Oct. 20 to Mar. 21): CBIC CGST Notification 75/2020
CBIC prescribes 11th of the month following the tax period as the due date for the filing of a monthly return in Form GSTR-1 in respect of the tax …
Category: Updates
RBI extends Pre/ Post Shipment Export Credit/ Advance Period from 12 to 15 Months
RBI has notified extension of Period of Advance from 12 months to 15 months in the case of all Pre/ Post Shipment Export Credits disbursed upto 31 July 2020, …
No Penal Damages for PF Deposit Delays during Lockdown (COVID-19): EPFO
EPFO has provided relief to employers from levy of penal damages for any delay in deposit of PF contribution(s)/ administrative charges due for the period during Lockdown (COVID-19). No …
Seventh Provsio to Section 139(1): Conditions for Mandatory filing of Tax Return (ITR) u/s 139(1)
Seventh Provsio to Section 139(1) inserted by the Finance Act, 2019 which pprescribes conditions for mandatory filing of Tax Return (ITR) u/s 139(1).
New Deadlines for GSTR 3B Filing: 20th, 22nd and 24th Each Month
From January 2020, CBIC notifies revised/staggered GSTR 3B filing dates (20th/ 22nd/ 24th of each month). Taxpayers with a turnover up to Rs. 5 crore can file GSTR 3B …
CBIC clarifies GST applicability on supply of securities under SLS: GST Circular 119/38/2019
CBIC has issued a clarification on applicability of GST on supply of securities under the SEBI’s Securities Lending Scheme (SLS) 1997, vide GST Circular 119/38/2019. CBIC GST Circular 119/38/2019 …
Govt. raises threshold limits for filing Departmental Appeals before Tribunals/ HC/ SC
To reduce litigation, facilitate ease of doing business and to remove long pending grievances of taxpayers in the matters of direct/ indirect taxes, the Govt. has decided to raise …
UDIN mandatory for all Audit Reports/ Certificates from 01/07/2019: ICAI
ICAI mandates all Practicing CAs to generate an 18 digit UDIN from 'UDIN portal' and mention on each document certified/ attested w.e.f. 01/07/2019.
Revised/ Reduced ESI Contribution Rates 2019-20: Employer 3.25%, Employee 0.75%
Govt. has amended the ESIC Rules and has notified revised/ reduced ESI Contribution rates w.e.f. 01/07/2019 (i.e. during Financial Year 2019-20). New rate of Employer’s ESI contribution is 3.25% …
GSTR-3B Due Date (March 2019) Extended from 20/04/2019 to 23/04/2019
CBIC has notified that the due date for filing of GSTR-3B for the month/ tax period of March 2019 has been extended from 20/04/2019 to 23/04/2019, due to certain …