Tax Notification
Penalty for failure to comply with notice under section 142(1) or 143(2) Penalty under section 272A is levied if a taxpayer fails to comply with notice issued above section. fails to comply with a direction issued under section 142(2A). we shall take a brief overview of provisions of section 142(1), 142(2A) and section 143(2). Section […]
The Turnover Limit for the Composition Levy The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rupees 1 crore but after 7th March, 2019 the limit has increased the threshold limit of aggregate turnover for availing Composition Scheme under Section 10 of the Central Goods […]
GST Compliance Extended Due Date/Due date month of July-2021 Particulars Applicable Period Extended Date/ Due Date Form GSTR 3B for turnover below 5 crores April 2021 04.07.2021 Form GSTR 3B for turnover above 5 crores Also Option Available Magazine on GST Update- A Monthly E-Magazine (English) May 2021 05.07.2021 Form GSTR- 8 E-Commerce Operator […]
Provision of Revocation of cancellation of GST Registration under Rule 23 of the CGST Rules, 2017 Rule 23 of the CGST Rules:- Sub Rule 1: – A registered person, whose GST Registration is cancelled by the proper officer of GST on his own motion, may submit an application for revocation of cancellation of GST Registration, […]
Clarification regarding GST on supply of various services by Central and State Board and such as National Board of Examination- Circular No. 151/07/2021-GST Dated 17.06.2021 Clarification regarding GST on supply of various Education services :-Certain representations have been received seeking clarification in regarding of taxability of various services supplied by State Boards and Centre Boards […]
Extension of time limits of -Income Tax Return, Audit Report, TDS Return and other Returns to provide relief to taxpayers in view of the severe pandemic Covid-19 Extended Income tax return due date for Covid-19:- CBDT in exercise of its power under section 119 of the Income-tax Act-1961CBDT in exercise of its power under section […]
Extension in dates of various GST Compliances (GSTR-4, GSTR-5, GSTR-6, GSTR-7, GSTR-8. GSTR-1 for GST Taxpayers Government has extended the due dates of various compliances by Taxpayers under GST, through Central Tax Notification No. 10/2021, Central Tax Notification No.11/2021, 12/20211, Central Tax Notification No.13/2021, Central Tax Notification No.14/2021, all dated 1st May, 2021. The extended […]
CBDT Extended due date for income tax return ay 2019-20 The CBDT (Central Board of Direct Taxes ) has further extended the due date for filing personal income tax returns for A Y 2019-20 (FY 2018-19) In this context, on further consideration of genuine difficulties being faced by the taxpayers due to the outbreak of […]
What is the Due Date for Tax Filing? FY 2019-20, AY 2020-21 And A.Y 2019-20 For the FY 2019-20, the due date for all taxpayers stands extended (COVID-19 relief measures) to 30th November 2020. Here’s the table of the Extended due dates for Financial Year 2019-20 for different categories of taxpayers: Category of Income Tax […]
Extend the due date for filing FORM GSTR-4 for financial year 2019-2020 (GSTR 4 due date extended) G.S.R…..(E).— In exercise of the powers conferred by section 148 of the CGST Act, 2017 (12 of 2017), the Government, on the recommendations of the GST Council, hereby makes the following further amendment in the notification of the […]
