A taxpayer may now file NIL Form GSTR-3B, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GSTR-3B through SMS, the taxpayer must fulfill following conditions: They must be registered as Normal taxpayer/ Casual taxpayer/ SEZ Unit…
Validity of E-way Bill (EWB) shal be deemed to have been extended till 30th June, 2020; where EWB was generated on or before 24th March 2020 and Validity of EWB has expired on or after 20th March, 2020 Earlier, validity of EWB had been extended…
Where a notice has been issued for rejection of refund claim either in full or in part and where time limit for issuance of order in terms of the provisions of Section 54(5) and 54(7) falls during the period from 20th March, 2020 to 29th…
The time limit for Special procedure as notified in Notification No. 10/2020 – Central Tax has to be followed till 31st July, 2020 instead of 31st May, 2020 Who has to follow special procedure ? those persons whose principal place of business or place of…
The Government Notifies 8th June, 2020 as the date from which provisions relating to filing of NIL Return in Form GSTR-03B via SMS shall come into force. Rule 67A of the CGST Rules 2017 / Rule 3 of CGST (Fifth Amendment) Rules, 2020 contains provisions in…
COVID EMERGENCY CREDIT FACILITY IS FOR ALL COMPANIES AND NOT FOR MSMES ONLY While Addressing the FICCI National Executive Committee members, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman stated that COVID Emergency Credit Facility covers all companies and not just MSMEs. Finance Minister assured…
Due to #covid19 #outbreak #governmentofindia has already extended the due dates, there are various compliance to be completed in June, and most of them has 30th June, 2020 as Due Date. Till Date no further extension of the date have been provided by the Government (Respective Departments). Hurry up…
Ministry of Corporate Affairs vide notification dated 5th June, 2020 amend has amended Companies (Share Capital and Debentures) Rules, 2014 in the following manner: In the provision of issue of sweat equity shares, the old definition of startup company which was issued by Department of…