GSTR-3B Return related measures Quarterly return monthly payment (QRMP) scheme > To reduce compliance burden of the smaller taxpayers having aggregate turnover upto Rs. 5 Crore, Quarterly Return and Monthly Payment (QRMP) Scheme has been introduced w.e.f. 01.01.2021, wherein the taxpayers can file their return in FORM GSTR-3B as well as outward supply statement in […]
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under GST law due to the outbreak of the second wave of COVID-19, the Government has issued notifications, dated 1st May, 2021, and 1st June, 2021 providing various relief measures for taxpayers. These measures are as follows: Reduction in rate […]
NPPA invokes extra ordinary powers in public interest under para 19 of DPCO 2013 for upward revision of the ceiling prices of the nine scheduled formulations of 3 drugs by giving one time increase of 50% from the present ceiling price.
The citizen cannot be penalised for a discrepancy in the form prescribed by the respondent which has resulted in the form being unable to be submitted even in the case of a law abiding citizen.
Maa Santoshi Tobacco Co. Vs Commissioner, Central Goods and Service Tax (CESTAT Delhi) I find that only for not finding the statutory register being RG-I and Form-4 at the time of inspection by the Officers of DGCEI, adverse inference have been drawn without reference to the records of the appellant available with the Department, being […]
CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 2nd July, 2021, vide Notification No. 57/2021 – Customs (N.T.) | Dated: 1st July, 2021 Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi ***** Notification No. 57/2021-Customs (N.T.) | Dated: 1st […]
GST is the perfect and most shining example of Cooperative Federalism in the country. It is driven by the spirit of a common objective for the benefit of the nation as a whole. I extend. on the occasion of its fourth anniversary, on behalf of the Board and on my personal behalf, a sincere thanks and greetings to you and to all the stakeholders, especially the taxpayers.
Central Government hereby directs that provisions of the section 151B of Customs Act, 1962 shall apply to the Agreement or Arrangement on Cooperation and Mutual Administrative Assistance (CMAA) in Customs matters entered with the 32 contracting State specified below subject to the conditions, exceptions or qualifications specified in the said agreement or arrangement. MINISTRY OF […]
Today marks the fourth anniversary of a historic tax reform, the GST, which was introduced on this day in the year 2017. It is a matter of great satisfaction that we have overcome most challenges, including two waves of the unprecedented COVID-19 pandemic, in providing stability to this new tax regime.
The CBDT has extended the last date for updating UDINs for all the IT forms at the e-filing portal to 31st August, 2021. For any clarification, please write us at udin@icai.in.
