Dues of MSMEs : Ministry of MSME takes the efforts even deeper to realise these payments. After Government Agencies and Public Sector Units, Union Ministry takes up the matter with Private Coprporates too. MSME Ministry writes to CMDs of top 500 Corporate Enterprises to show solidarity with smaller units and clear MSME dues on priority
Over the last few years, in order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures to reform the Direct Tax regime. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in response to a written question in the Lok Sabha today.
In September 2019, the Government announced several measures to promote growth, investment and create new employment opportunities through the amendments in the Income-tax Act, 1961 and the Finance Act (No. 2), 2019. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in response to a question asked in the Lok Sabha today.
The Ministry of Corporate Affairs (MCA) has information of the companies which have violated the provisions of Company Law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.
The Ministry of Corporate Affairs has taken steps to provide several incentives/ relaxation/concession during Lockdown period so as to reduce the burden of companies/LLPs during COVID-19. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.
Two major enhancements on GST portal to make monthly return filing easier – GSTN deployed two major functionalities in view of the simplifying GSTR-3B filing – System will compute liability and Input tax credit availability for the filer – 1.03 crore normal taxpayers are required to file monthly tax return, GSTR-3B New Delhi, 13th September […]
The Indirect Tax Committee of ICAI have made following 4 representations to GST council on 10 September 2020 which relates to request for Extension of due date of Annual Returns in GSTR-9/GSTR-9A and GSTR-9C for the year 2018-19 by 3 months to December 31, 2020, request to Permit availment of input tax credit under GST […]
Penalty for violation of statutory provisions involves a penalty of money and confiscation of goods and these penalties are imposable by the department authorities. Criminal punishment is of imprisonment and fine, which can be granted only in a criminal court after prosecution but these are also provided under GST Law.
With the arrest of a mastermind accused namely Christian Anthony Maduneme @ Chris S/o James, Age:- 32 Yrs (Nigerian National) & Shelly Achhumi @ Sttaccy D/o Luvishe Achumi, Age-41 Yrs, DIU/IGI Airport Unit has worked out a case of cheating, registered vide FIR No. 192/20 u/s 420/467/468/471/120B IPC at PS IGI Airport.
Version 1.03: Date: 08/09/2020 1. Help section of e Invoice portal has been updated with new documents. 2. The following Improvements have been done in Validations in IRN Generation API. In case of Credit Note and Debit Note, tax rate can be passed with any value. Passed IGST Value of Item will not be validated […]
