CBIC Issues Advisory on opting-in for composition scheme by filing Form GST CMP-02

The application for opting-in composition scheme for the financial year, 2020-21 has been made available on GST Portal. The scheme shall be effective from 1st April 2020.

Amendments to Direct Tax Vivad Se Vishwas Bill cleared by Cabinet.

The Finance Minister has introduced the Direct Tax Vivad se Vishwas Bill, 2020 in the Lok Sabha on 05-02-2020 for dispute resolution related to direct taxes. On 12-02-2020 has introduced certain amendments to the bill. …

Time limit extended for submitting Form GST TRAN-1

The Central Board of Indirect Taxes and Customs vide its order dated 7th February, 2020, has extended the time limit for submitting the declaration in FORM GST TRAN-1 till March 31, 2020, owing to difficulties …

GST Taxpayers shall now file their GSTR-3B return in staggered manner.

The finance ministry has staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categories of taxpayers, in a moved aimed at de-stressing the system. The taxpayers are …

CBIC waives late fee for non- filing of Form GSTR-1 till 17 January 2020.

The Central Board of Indirect Taxes and Customs in its Notification dated 10th January 2020 has extended the last date for waiving late fee on filing of outward supplies statements through form GSTR 1 for …

CBDT Notifies Form SAHAJ (ITR-1) and SUGAM (ITR-4) for the AY 2020-2021

The Central Board of Indirect Taxes on 3rd January 2020 has published the Income-tax (1st Amendment) Rules, 2020 which shall be effective from 1st April 2020, notifying two income tax return for the assessment year …

CBIC Prescribes scheme for E-invoicing under GST.

The Central Board of Indirect Taxes and Customs vide Notification dated 1st January, 2020, has published the Central Goods and Services Tax (Amendment) Rules, 2020, which extends the time limit for submitting the declaration in …

CBIC prescribes the standard operating procedure to be followed in case of non-filers of GST returns

Central Board of Indirect Taxes and Customs prescribes a standard operating procedure to be followed in case of non-filers of returns.

CBIC extends the last date for furnishing Annual Return or reconciliation statement for Financial Year (FY) 2017-18 from December 31, 2019 to January 31, 2020.

The annual return in Form GSTR-9 to be paid for the period from 1st July, 2017 to the 31st March, 2018 could not be furnished by the registered persons Due to Technical issues. Therefore CBIC …

CBIC waives late fees for non-filing of Form GSTR-1

The Central Board of Indirect Taxes and Customs in its Notification dated 26th December 2019, has waived the late fees for Non – Filing of FORM GSTR-1 for the months/quarters from July, 2017 to November, …