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Exemption from Audited GSTR 9C from FY 2020-21: Annual GST Return on Self Certification basis

CBIC notifies omission of provisions u/s 35(5) of the CGST Act, 2017 relating to submission of audited annual reconciliation statement in Form GSTR 9C, i.e. now Annual GST Return …
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MCA Clarification on CSR Spending for COVID-19 Vaccination of Persons other than Employees

MCA has further clarified that spending of CSR funds for COVID-19 vaccination of persons other than the employees and their families, is an eligible CSR activity. Earlier, MCA had …
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Extension of Limitation under GST Law: CBIC Clarification w.r.t. Hon’ble Supreme Court Order dt. 27/04/2021

The CBIC has made it clear that the extension of “limitation timelines” given by the Hon’ble Supreme Court in its Order dated 27/04/2021, applies to appeals against any quasi-judicial …
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Relief Steps taken by MCA during COVID 19 pandemic

MCA has taken various steps during COVID-19 Pandemic to providing relief from certain issues under the Companies Act, 2013/ Limited Liability Partnership Act, 2008/ Insolvency and Bankruptcy Code, 2016. …
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CBDT further Extends Timeline for E-filing of Form 15CA/ 15CB upto 15/08/2021

CBDT extends the deadline for e-filing IT Forms 15CA/ 15CB, so taxpayers can submit them manually to authorised dealers until 15/08/2021 for forex remittances. CBDT previously extended the deadline …
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Rs. 29.87 Lacs Crore Spent for Various Relief Measures by GOI during COVID-19 pandemic

Govt. of India has spent Rs. 29.87 Lac Crores on various relief measures covering several sectors, including health infrastructure under the Atmanirbhar Bharat Packages, during COVID-19 pandemic, to provide …
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8000 cases of fake ITC claims of Rs. 35000 Crores (FY 2020-21) detected

CGST Zones and Directorate General of GST Intelligence have booked about 8000 cases involving fake ITC claims of over Rs. 35000 crore in FY 2020-21, as detailed here-under: MoF, …
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Deferment of Dynamic QR Code Requirement in GST Invoice, notified by CBIC

CBIC notifies that registered persons having turnover of above Rs. 500 crores shall be required to issue invoice with Quick Response (QR) Code in respect of B2C supplies (i.e. …
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CBDT Circular 12/2021: Extension of Certain Timelines

CBDT extends certain timelines for Income Tax compliances to provide relief to taxpayers, vide Circular 12/2021 dt. 25/06/2021, in view of the severe pandemic COVID 19. CBDT Income Tax Circular 12/2021 …
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CBDT Press Release dt. 25/06/2021: Covid Exemption; Extension of Certain Timelines

CBDT announces further relaxation/ extension in timelines of various compliance requirements and exemption for expenditure on COVID treatment/ ex-gratia receipts on death due to COVID, under Income Tax Act …
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