The 40th GST Council meeting took place on 12th June, 2020 via video conference, chaired by the Union Finance Minister Smt. Nirmala Sitharaman. Significant relief measures in terms of late fee and interest waivers were made. This is the first meeting that has taken place since the COVID-19 pandemic outbreak in India, and the resulting […]
The provisions of Section 44AB have been amended by the Finance Act, 2020 giving rise to major confusion in the minds of businessmen and professionals alike. A third threshold limit of Rs 5 crores has been added in order to reduce compliance burden on small retailers, traders, shopkeepers who comprise the MSME sector. In this […]
