Tax update with VB

09/08/2021

IEC modification and Updation date extended by DGFT till 31 August, 2021

30/07/2021

Spending of CSR Funds for COVID-19 Vaccination for person other than Employees and their families is eligible CSR: MCA

30/07/2021

*GSTR9C update:* The provisions of Sections 110 and 111 of the Finance Act, 2021 shall come into effect from 1st August 2021.

The amended provisions will omit Section 35(5) of the CGST Act which mandated the certification of GSTR-9C by the Chartered Accountant or a Cost Accountant and will substitute Section 44 of the CGST Act so as to require a self-certified reconciliation statement in place of an audit report.

28/05/2021

43rd Council Meeting Announcement - Dated 28th May, 2021

GST Amensty Scheme Announed For Pending Return From July 17 to April 21

1) अगर किसी की टैक्स Liability नही है तो उसकी लेट फ़ीस 500 लगेगी

2) अगर किसी की टैक्स liability है तो उसकी लेट फ़ीस 1000 लगेगी

लेकिन डीलर को अपना पेंडिंग रिटर्न GSTR 3B 01st June से 31st Aug के बीच भरना होगा

Late Fees for Future Return :-
1) अगर किसी का Output Tax नही है तो 500 Per Return होगी

2) जिसका पिछले साल sales 1.5 Cr है, उसकी 2000 Late Fees होगी Per Return

3) जिसका पिछले साल sales 1.5के Cr से 5 Cr है, उसकी late fees 5000 होगी

4) जिसका 5 Cr से ज़ायद है उसके लिए 10000 होगी

5) Composition वालों के लिए अगर टैक्स liability नही है तो 500 और अगर टैक्स है तो 2000 होगी GSTR 4 के लिए

6) GSTR 7 के लिए ये 50 Per day और maximum 2000 होगी

Note - Amount दोनो CGST और SGST को मिलकर है

20/05/2021

Summary of tax updated

20/05/2021

As per attached notifications various relief

1. SFT for FY 2020-21 - 30.06.2021
2. TDS of Q4 for FY 2020-21 - 30.06.21
3. TDS Certificate for Q4 for FY 2020-21 - 15.07.2021
4. ITR for AY 2021-22 - 30.09.2021
5. TAR for AY 2021-22 - 31.10.2021
6. Transfer Pricing Report for AY 2021-22 - 30.11.2021
7. ITR for others for AY 2021-22 - 30.11.2021
8. Belated/Revised ITR for AY 2021-22 - 31.01.2022

30/09/2020

Due-Date Extension | Form GSTR 9 & 9C | From 30-09-2020 to 31-10-2020.

The Government has Extended the Due Dates for Furnishing Annual Returns in GSTR-9 and GSTR-9C for 2018-19 from 30-09-2020 to 31-10-2020.

30/06/2020

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