The GST Council, in its 39th meeting held on 14.03.2020, has made the following recommendations: Measures for Trade facilitation Deferment of E-invoice and QR Code Deferment of e-wallet Scheme Continuation…
After introducing of Vivad se Vishwas in Lok Sabha, several queries have been received from the stakeholders seeking clarifications in respect of various provisions contained therein. Government has considered these…
Due dates of filing Form GSTR 3B, for the month of February 2020, in the manner as given below: Sl. No. Taxpayers with aggregate turn over (PAN based) in the…
March 31st, 2020 is the last date of filing belated or revised return of income of AY 2019-20. We are here at PS Tax Consultancy Bhubaneswar to help you with…
Finance Minister Smt Nirmala Sitharaman proposed a new taxation system to stimulate growth and simplify tax structure. Here are the highlights from Nirmala Sitharaman’s Budget speech. Personal Income Tax and…
Tax proposals Concessional corporate tax rate of 15 per cent to new domestic companies in manufacturing and power sector. Tax concession for sovereign wealth fund of foreign governments and other…
Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different…
The Government has decided to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31st December 2019 and…
The Central Board of Direct Taxes extends the due date for filing Income Tax returns as well as reports of audit (which are required to be filed by the said…
GST Council in the 37th meeting held on 20th September, 2019 at Goa took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected…