GST e-Invoice with Dynamic QR Code implementation extended to 1st October 2020

CBDT has notified that the e-invoice and QR Code would be mandatory for the taxpayers from 1st October 2020 under the GST regime.

Aadhar Authentication mandatory for GST registration

The Applicant while submitting the application for registration after 1st April 2020, shall undergo authentication of Aadhaar number for grant of registration.
Covid-19 relief by Finance Minister

Finance Minister announces COVID -19 Compliance reliefs

The Finance Minister on 24th March 2020 has announced several reliefs for easing the burden on the citizens of India for complying with the requirement of Income-tax Act, Companies Act, Goods and Service tax laws …

CBDT provides a special procedure for corporate debtors undergoing corporate insolvency resolution process

The Central Board of Indirect Taxes and customs vide its notification dated 21st March 2020 has issued a special procedure for corporate debtors undergoing corporate insolvency resolution process.

Maharashtra Government exempts payment of late fee under the Maharashtra State Tax on professions, Trades, callings and Employment Acts, 1975

The State Government of Maharashtra in its notification dated 19th March 2020, has exempted the late fee payable by the registered employers in respect of monthly or annual returns pertaining to periods up to March …

Ministry of Finance notifies Direct Tax Vivad se Vishwas Rules & Forms

The Direct Tax Vivad se Vishwas Rules, 2020 gives taxpayers an opportunity to settle their disputes by paying due taxes with complete waiver of interest and penalty until March 31. It would also allow dispute …

CBDT Notifies “Designated Authority” for accepting application under Direct Tax Vivad Se Vishwas Act

The Central Board of Indirect taxes in its notification dated 18th March 2020 has notified jurisdictional Commissioners of Income-tax who shall perform the function of ‘’designated authorities’ under the Direct Tax Vivad Se Vishwas Act, …

CBDT Notifies Non-resident eligible foreign investor as Foreign Institutional Investor under section 115 AD of Income Tax Act

A non-resident Foreign Investor shall be deemed as a Foreign Institutional Investor for the purposes of taxing the income from transactions in securities made on a recognized stock exchange located in any International Financial Services …

Summary of 39th GST Council Meeting

The 39th GST Council held on 14th March 2020 has taken the following decisions relating to changes in GST rates on supply of goods and services and implementation of the new filing system and e-invoicing.

West Bengal tax Department directs professional tax enrollment holders to clear dues with interest before 25th March 2020

The Government of West Bengal professional Tax department on its website under the News Segment has directed all the profession tax enrollment holders, to clear all dues of Profession Tax from 2016-17 to 2019-20, with interest …