CONDITIONAL WAIVER OF LATE FEE FOR DELAYED FILING OF GSTR 3B Conditional waiver of late fee payable for delayed filing of return in Form GSTR 3B has been provided for various classes of tax payer for different tax period Late fee payable for delayed filing…
RATE OF INTEREST ON DELAYED PAYMENT OF TAXES Rate of interest applicable in case of delayed payment of taxes for the various tax periods has been notified. Rate of interest applicable for delayed payment of tax in respect of various tax periods and categories of…
Amendment in Rule 7 of Central Goods and Services Tax Rules, 2017 (CGST Rules) has been made wherein tax rates under composition scheme have been prescribed. Tax rates applicable in case of composition levy shall be as under: Section Applicable Category of registered person Rate…
MSME INVESTMENT AND TURNOVER CALCULATION CRITERIA - NOTIFIED MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMED) vide Gazette Id no. CG-DL-E-26062020-220191 and S.O. 2119(E). dated 26th June 2020 has officially notified criteria for CALCULATION OF INVESTMENT AND TURNOVER UNDER MSME. Composite criteria of investment and…
The Central Government hereby appoints the 30th day of June, 2020, as the date on which the provisions of sections 118, 125, 129 and 130 of the Finance Act, 2020 shall come into force. Here is a quick review on the title of the said…
Section 118 to Section 133 of The Finance Act, 2020 contains provisions which are pertains to the amendment in the Central Goods and Services Tax Act, 2017 Central Goods and Services Tax [CGST] (Amendment) Act 2020 | Finance Act, 2020
Central Goods and Services Tax (Sixth Amendment) Rules, 2020, applicable With effect from 27th day of May, 2020. GSTR-3B allowed to filed through Electronic Verification Code (EVC) during the period from the 21st day of April, 2020 to the 30th day of September, 2020, GSTR-1…
SEBI RELAXATION OF TIME GAP BETWEEN TWO BOARD / AUDIT COMMITTEE MEETINGS TILL 31ST JULY 2020 Securities Exchange Board of India (SEBI) vide Notification No. SEBI/HO/CFD/CMD1/CIR/P/2020/110 dated 26th June, 2020 has come out with Relaxation of time gap between two board / Audit Committee meetings…