G C Gupta & Associates

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extends the period of requirement of fresh registration imposed by Finance Act,2020 on all existing Charitable & Relig...
08/05/2020

extends the period of requirement of fresh registration imposed by Finance Act,2020 on all existing Charitable & Religious Trust. All existing trust wl hv to apply for fresh registration.

Fresh registration wl hv to be done within a period of 3-months starting from 1st October,2020 till 31st December,2020.

05/05/2020



Notification 38/2020
- Companies allowed to file GSTR-3B returns through electronic verification code (EVC) till 30 June 2020
- Nil returns can be submitted by SMS and the said return shall be verified by OTP sent to the registered mobile number.

Notification 39/2020
- Corporate Debtor who were not in default of filing GST returns prior to the appointment of IRP/RP not required to follow the special procedure; and new registration to be obtained within 30 days of the appointment of the IRP/RP or by 30-06-2020, whichever is later.

Notification 40/2020
- The validity of e-way bills generated on or before 24 March and expiring during 20 March to 15 April has been extended till 31 May 2020

Notification 41/2020
- Due date for filing Annual Return for FY 2018-19 extended till 30 September 2020

duty hiked on Indian-made foreign liquor (IMFL) to 35%, other liquor categories to 45%, including beer with immediate ...
29/04/2020

duty hiked on Indian-made foreign liquor (IMFL) to 35%, other liquor categories to 45%, including beer with immediate effect: Rajasthan Excise Department.

Notification issued by Government today, notifies 21 April 2020 as the effective date for Rule 87(13) and Form GST PM...
28/04/2020


Notification issued by Government today, notifies 21 April 2020 as the effective date for Rule 87(13) and Form GST PMT09 respectively.

CBDT defers GST & GAAR reporting under amended tax audit form by another year.​​The reporting has been kept in abeyanc...
27/04/2020


CBDT defers GST & GAAR reporting under amended tax audit form by another year.

​​The reporting has been kept in abeyance till March 31, 2021 - meaning that income tax audit reports need not include details on the GST and GAAR till March 2021.

PF Contribution and return for the month of March 2020, can now be paid and filed up to May 15,2020 instead of April 15,...
16/04/2020

PF Contribution and return for the month of March 2020, can now be paid and filed up to May 15,2020 instead of April 15,2020.

Big relief for cash starving industries amid outbreak, ESI Contribution for the month of February 2020, can now be pai...
14/04/2020

Big relief for cash starving industries amid outbreak, ESI Contribution for the month of February 2020, can now be paid up to May 15,2020 instead of April 15,2020.

Clarification issued regarding TDS to be deducted on Salary for FY 20-21 under new tax regime, Employees to give decla...
13/04/2020


Clarification issued regarding TDS to be deducted on Salary for FY 20-21 under new tax regime, Employees to give declaration for their options;
Further employees can switch to old tax regime at the time of filing return.

Recommendations by the Ministry of Commerce and Industry to the Ministry of Home Affairs to consider, as graded opening ...
12/04/2020

Recommendations by the Ministry of Commerce and Industry to the Ministry of Home Affairs to consider, as graded opening for the industry.‬
‪Big relief underway for Industry and Traders !!!

Central Govt grants exemption from basic customs duty and health cess, on the import of a few goods including face mas...
09/04/2020


Central Govt grants exemption from basic customs duty and health cess, on the import of a few goods including face masks, surgical masks, PPEs, Ventilators, test kits

Government will immediately release pending GST, Customs dues which would provide benefit to around 1 lakh business e...
08/04/2020


Government will immediately release pending GST, Customs dues which would provide benefit to around 1 lakh business entities, including MSME. Total refund could be in the range of ₹18,000 crores.

Government will also release all pending Income Tax refunds upto ₹ 5 lakhs.

14/03/2020


1. GST new return system defers till September amid technical snags
2. Extend the deadline for filing of & for FY18-19 till 30 June 2020; Filing to be mandatory for taxpayers over Rs5cr of annual turnover
3.Increase in rate on mobile phones to 18% from 12%
4. Deferred proposal of hike in rates on fertilizers, textiles & footwear due to current economic slowdown and impact of coronavirus
5. Interest on delayed payment of GST will be on "Net Cash Liability" and not on Gross tax liability, Amendment will be retrospective from July 1, 2017. Major relief from tax harassment!!
6. One time relief for those whose registration got canceled; Can now file a revocation of registration cancellation application till June 30,2020 as a one-time relief.
7. Rate rationalization on match sticks, as now it will attract a uniform rate of 12% whether hand-made or machine-made, earlier it was 5% on hand-made and 18% on machine-made creating complexities in the rate structure.
8. Late fees waived for filing and for the FY 2017-18 and FY 2018-19 only for taxpayers having aggregate turnover up to 2 crores
9. New functionality "Know your Supplier" will be available on the portal to trace non-compliant suppliers
10.E-invoicing defer till October 1, 2020

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Delhi
110009

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+919910838485

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