CBIC has come up with a new scheme for small taxpayers having an impact turnover of up to 5 crores. This scheme will permit small taxpayers to file their returns on a quarterly basis and make their payments on a monthly basis. This scheme has an accurate to ease the tax compliance for the small taxpayers. … Read more
In a crucial move that will assist the taxpayers who fall under the classification of Corporate Debtor as per the requirements under the Insolvency and Bankruptcy Code, a new registration functionality has been facilitated the on the Goods and Services Tax (GST) portal. In this article, we will discuss on GST Registration for Corporate Debtors. … Read more
The Central Board of Indirect Taxes and Customs ( CBIC ) has authorized the Auto population of details in Form GSTR-3B from Form GSTR 1 & GSTR 2B. In this article, we will discuss the Auto population of details in Form GSTR-3B from Form GSTR 1 & GSTR 2B. GST Annual Return Due Date Extension … Read more
Big support for composite GST taxpayers, the Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for a GST Annual Return Due Date Extension Due to the CoronaVirus pandemic, The Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for an extension of GST annual … Read more
For the first time, Tax officers have cancelled GST registrations of over 1.63 lakh entities in October and November for non-filing of returns In this article, we will discuss on cancelled GST registrations of over 1.63 lakh entities in October and November for non-filing of returns Canceled GST registrations of over 1.63 lakh entities in … Read more
As we know Education is one of the major sectors of any economy. The education of the country’s youth decides how the economy of that country will prosper. Education advances understanding, vision, creativity and productivity of people which assists in the advancement of a country. In India, Education is rendered with both by the public … Read more
For the second time, GST acquisitions in November reached over Rs 1.05 lakh crore, crossing Rs 1 lakh crore targets since October this year. In this article, we will discuss on GST collection November 2020. GST collection November 2020 The government announced that it collected GST amounting to ₹ 1,05 lakh crore in November. The … Read more
Consultancy Services in India contribute a wide range of staffing requirements for a financially savvy, less tedious, and skilled practice. It encourages linking to put their whole spotlight on their central business and abstain from overburdening the in-house staff. It provides long-haul advantages to both the organization and its workers. In this article, we will … Read more
Indian fisheries play a significant role in all sectors of food production, rendering nutritional security to the food basket, contributing to agricultural exports and occupying about fourteen million people in various activities. Also, the fisheries sector plays an essential role in the Indian economy through substantial earnings, employment generation, supporting livelihoods of millions of fishers … Read more
For the first time, GST acquisitions in October reached over Rs 1.05 lakh crore, crossing Rs 1 lakh crore targets since February this year. Also, the total amount of GSTR-3B returns filed till October 31, 2020, is 80 lakh. In this article, we will discuss on GST collection October 2020. GST collection October 2020 This … Read more