ASA & Associates

15/10/2020

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Tel: 97911 74989

02/10/2020

Due date extended for A.Y2019-20
GSTR 9&9C extended

22/09/2020

GST News:

Today i.e. 21st September 2020, Central Board of Indirect Taxes issues 3 notification. The changes are summarised as below:

1. *Reduces late fees for GSTR-10 (Final Return to be filed after cancellation of Registration)*

If FORM GSTR-10 is not field by the due date but filled between the period from 22nd September, 2020 to 31st December, 2020 then maximum late fee is capped at Rs. 500

- Notification No. 68/2020 – Central Tax

2. *Waive/Reduced Late fees for composition Dealers:*

If FORM GSTR-4 for the quarters from July, 2017 to March, 2020 is not filled within the due date but filled between the period from 22nd September 2020 to 31st October 2020 then maximum late fees as follows:

i. For Nil Return - Full waiver of late fees
ii. For Other than Nil Return(s) - Maximum late fee Rs. 500 per return.

- Notification No. 67/2020 – Central Tax

3. *Time limit extension for issuance of invoice where goods send outside India for sale or Return Basis :*

Extending the time limit of issuing invoice in respect of goods send outside India on sale or return basis whichfalls during the period from the 20th day of March, 2020 to the 30th day of October, 2020, andwhere completion or compliance of such action has not been made within such time, then, thetime limit for completion or compliance of such action, shall stand extended up to the 31st dayof October, 2020

- Notification 66/2020 Central Tax

20/09/2020

26/08/2020

Motivational lines

22/08/2020

New GST registration process.

22/08/2020

Happy Ganesh Chaturthi

22/08/2020

Major amendment in GST Registration procedure, Aadhar authentication made compulsory from Today.

If you opt not to authenticate aadhar then there will be a physical verification of your premises by the officer before issuing GST Registration.

19/08/2020

Income Tax Department Keep Eye On These Transaction.

17/08/2020

for Verification of tax-returns for the Assessment years
2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITRV form and processing of such returns - reg.
In respect of an Income-tax Return (ITR) which is filed electronically without a digital
signature, the taxpayer is required to verify it using any one of the following modes within the
time limit of 120 days from date of uploading the ITR: -
i. Through Aadhaar OTP
ii. By logging into the e-filing account through net banking
iii. EVC through Bank Account Number
iv. EVC through Demat Account Number
v. EVC through Bank ATM
vi. By sending a duly signed physical copy of ITR-V through post to the CPC, Bengaluru.

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