Tax Practitioner’s Association, Indore has made a Request for Extension of Due Dates for filing Tax Audit, Audit Reports under Income Tax Act and ITR for Assessment Year 2020-21. it has requested that due date for Tax Audit/TP Audit and Income Tax Return (Non Audit) be extended to 28th February 2021 and due date for […]
Western Maharashtra Tax Practitioners’ Association requested that the due date for filing tax audit report for A.Y. 2020-21 be extended to 28th February 2021 & for filing Income tax return be extended to 31st March 2021.
Gujarat Sales Tax Bar Association has requested for extension of due date for submission of Annual Return (GSTR-9 & 9A) and reconciliation statement – GST Audit Report (GSTR-9C) for F.Y. 2019-20 from 31/12/2020 to 30/06/2021. Relevant Text of their representation to Smt. Nirmala Sitharaman, The Hon’ble Union Finance Minister, Government of India, North Block, New […]
As per Information available on GST website GSTR-9 of FY 2019-20 is available now on GST Portal for filing but Computation of the table 8A of GSTR-9 for auto population from returns is under progress which is likely to be completed soon. For details Visit-GSTR-9 of FY 2019-20 is available now but without table 8A […]
Understand the penalty for failure to furnish income tax return. Learn about the increased late fees and provisions under Section 234F of the Income Tax Act.
The Institute of Chartered Accountants of India & Ors. Vs. Shaji Poulose & Ors. (Supreme Court) In the writ petitions, which are sought to be transferred, writ petitioners have challenged validity of Chapter VI of Guidelines No.1‑CA(7)/02/2008 dated 08.08.2008 issued by the Council of petitioner Institute on the ground that the same is violative of […]
Arjun (Fictional Character): Krishna, What are the compliances regarding GST to be done before 31st Dec 2020? Krishna (Fictional Character): Arjuna, In GST Five important compliances, are done before 31st December 2020 which are as follows: 1. GSTR 9 – GST Annual Return for 2018-19 Mandatory if Turnover more than 2 Crore. 2. GSTR 9C- […]
QRMP Scheme (Quarterly Return Monthly Payment Scheme) – New GST Return System w.e.f. 01-Jan-2021 In the recent World Bank’s ease of doing business 2020 report, the country jumped to 63rd position, among 190 nations. India also figured among the top 10 performers on the list for the third time in a row. On the same […]
Akash Garg Vs State of M.P. (Madhya Pradesh High Court) Show Cause Notices (SCN) to Taxpayers Under GST Act Mandatory to Upload on Website – Mere E-Mail is not Suffice 1. The Honourable Madhya Pradesh Court in case of Akash Garg Vs State of M.P, vide order dated 19.11.2020 held that statutory procedure prescribed for […]
The Central Government is looking to overhaul the return filing system with a view to provide some relief to taxpayers with aggregate turnover under GST less than Rs. 5 crores. In this regard, it has released certain notifications to lay down a new scheme of return filing for such taxpayers. We have tried to summarise […]
