Total amount of late fee payable for GSTR 3Bshall stand waived which is in excess of two hundred and fifty rupees and shall stand fully waived for those taxpayers where the total amount of central tax payable in the said return is nil
New Income TAx Rule 11UD- Prescribed class of persons for the purpose of section 50CA i.e to whom provisions of section 50CA shall not apply to transfer of any movable property, being unquoted shares, of a company and its subsidiary and the subsidiary of such subsidiary by an assessee in certain circumstances. Notification No. 42/2020-Income […]
Notification No. 41/2020-Income Tax- Conditions specified in clauses (e), (f) and (g) of Section 9A(3) shall not apply in case of an investment fund set up by a Category-I foreign portfolio investor registered under the SEBI (Foreign Portfolio Investors) Regulations, 2019, made under the SEBI Act, 1992. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD […]
In view of the prevailing situation due to COVID-19 pandemic and representation received from the Depositories, it has been decided to further extend the timelines for compliance with the regulatory requirements by DPs / RTAs.
resident who is an Aadhaar number holder may, upon attaining the age of eighteen years, make an application for cancellation of his/her Aadhaar number to a Regional Office of Authority in the format prescribed in Schedule VI, so as to reach that Regional Office within a period of six months from the date of attaining the age of eighteen years.
CBIC extended validity of all AEO certificates expired/expiring between 01.03.2020 and 30.09.2020 to 30.09.2020 except for those entities against which a negative report is received during this period vide Circular No. 31/2020-Customs dated June 30, 2020. Circular No. 31/2020-Customs F.No. D-20/DIC/AEO/16/2017 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes […]
Validity of the recognition of Pre-Shipment Inspection Agencies (PSIAs) as listed in the Appendix 2G of A&ANF, whose validity expires on or before 30.6.2020, is extended up to 30.9.2020 vide Public Notice No. 11/2015-2020-DGFT dated 30th June, 2020. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade PUBLIC […]
1. Activities permitted during Unlock 2 period outside Containment Zones In Areas outside containment Zones, all activities will ha permitted, excerpt the following: (i) Schools, colleges, education and coaching institutions will remain closed till 31 July 2020, Online/ distance learning shall continue to be permitted arid shall be encouraged.
In re Uttar Pradesh Avas Evam Vikas Parishad (GST AAAR Uttar Pradesh) Now coming to the value of taxable supply in case of advance payment, we observe that explanation given in the sub Section 2 of Section 13 of the CGST Act, 2017 provides that-: “Explanation- For the purpose of clause (a) and (b)- (i) […]
Life Insurers have been mandated to submit various returns- monthly, quarterly and annually. While monthly returns are being submitted through BAP module and also manually, the quarterly and annual returns are being submitted only through BAP module since 2018-2019.
