TAX talk

11/04/2022

1k completed

02/03/2022

New registration and amendment of address for existing registration on GSTN now require geo-location to be provided.

23/12/2021

12/12/2021

05/06/2021

Expecting conducive atmosphere around July 5th for holding CA exam says ICAI President

26/05/2021

Ca exam begins from 5th July onwards

20/05/2021

The Income Tax Department is going to launch its new e-filing portal http://incometax.gov.in on 7th June, 2021. The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers.

17/05/2021

43rd GSTCouncil meeting to be held on May 28, says Finance Ministry.

02/05/2021

9 Notifications under GST are issued.

Summary of same

1. Reduction in interest rate for payment of GST for the period March 21 to April 21 [ Not. No. 8/2021]

2. Waiver of late fees for delay in furnishing of GSTR-3B for the month March, 21 & April 21 and quarter January-March, 21 [Not. No. 9/2021]
· Taxpayer having turnover more than rupees 5 crores – Penalty waived for 15 days.
· Other – Penalty waived for 30 days.

3. Due date for Form GSTR-4 for the F.Y 2020-21 extended to 31st May 21 [ Not. No. 10/2021]

4. Due date of ITC-4 for quarter January to March, 21 extended to 31st May 21 [Not. No. 11/2021]

5. Due date for GSTR-1 for April, 21 extended to 26th May 21 [Not. No. 12/2021]
6. Restriction 10% of Provisional ITC shall applicable cumulatively for the period April 21 and May 21 [Not. No. 13/2021]

7. Extension for certain compliances under GST like completion of proceedings, filing of appeal etc. [Not. No. 13/2021]. However, certain compliances are not extended like E-way bill, Registration, Tax Invoice etc

01/05/2021