GST Weekly Update 10.10.2020
This Presentation covers the GST changes / observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 05.09.2020. It supplements the earlier GST Updates. No Updates were released…
Finance Minister announces relief measures in view of COVID-19 outbreak
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures in view of COVID-19 outbreak. The areas are Income Tax, GST, Customs & Central Excise,…
39th Meeting of the GST Council – Law and Procedure related changes
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…
Due dates of filing Form GSTR 3B
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…
Tax Proposal in the Budget 2020
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…
Budget Highlights- Key Features
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…
GST: CBIC extends GSTR-9 and GSTR-9C filing Dates for FY 2017-18
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…
Filing GSTR-9 and GSTR-9C dates extended
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…
Press Release – 37th Meeting of the GST Council
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…
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