Quarterly GSTR-1 Due Dates (Oct. 20 to Mar. 21): CBIC CGST Notification 74/2020
CBIC prescribes January 13, 2021, and April 13, 2021, as the due dates for the filing of a quarterly return in Form GSTR-1 in respect of the tax periods …
Specified Digits of HSN Code for Tax Invoice under CGST/ IGST/ UTGST, notified by CBIC
CBIC notifies the prescribed number of digits of HSN code required to be mentioned by a registered taxpayer in the Tax Invoice under CGST Rule 46. HSN Code Requirement …
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 …
CBDT further extends various Income Tax compliance Deadlines
CBDT further extends various Income Tax compliance deadlines prescribed under for Taxation & Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, in view of the challenges being faced by …
GST Council provides Relief for GSTR 3B delays
GST Council, in its 40th Meeting held on 12/06/2020 has recommended to reduce/ waive the interest/ late fee for delayed filing of GSTR 3B by small taxpayers (having turnover …
ICAI Advisory on Certification of CSR Funds Utilisation
ICAI issues advisory requiring companies to obtain an Independent Practitioner’s Report on CSR fund utilisation from auditors/ CAs, ensuring compliance with Companies Act and ICAI Guidance Note, along with …
Schedule VII (CA 2013) amended; PM CARES Fund inserted in CSR Policies Activities
MCA amends Schedule VII to the Companies Act 2013, relating to CSR Policies Activities. Accordingly, the words “Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES …
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, …
ICAI’s Guidelines for Auditor’s Consideration (COVID-19)
ICAI has issued different Guidelines which prescribes key points/ questions for Auditor’s Consideration, like Physical Inventory Verification, Going Concern, Subsequent Events, Auditor’s Reporting, Financial Reporting & Auditing of Financial …
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 …