COVID-19

No GST on Import of COVID relief products

No GST on Import of COVID relief products

In view of the Covid-19 pandemic, the Central Government has exempted IGST or integrated GST on import of such goods received free of cost for free distribution of Covid relief. In this article, we will discuss No GST on the Import of COVID relief products. No GST on Import of COVID relief products In view … Read more

No income tax penalty on Hospitals accepting cash from patients

Due to the Covid-19 pandemic, the Ministry of Finance issued notification in this regard on Friday announcing relaxation for the Covid Care hospitals in Section 269ST of the Income Tax Act. In this article we will discuss on No income tax penalty on hospitals. No income tax penalty The central government has facilated Income Tax … Read more

Penalty / Interest Waive off on GST Late Return filing

CBIC extends GST Return Due Dates Waives Late fee for GSTR3B

While the country is grieving from the COVID-19 pandemic, the Government has provided great relief to the taxpayers by extending the deadlines to file various GST returns. The Government also waived off the late fee payable for the delayed filing of GSTR-3B. In this article, we will discuss on Penalty / Interest Waive off on … Read more

MCA Relaxation amid CoVID-19 announced on 03rd May 2021

MCA Relaxation amid CoVID-1

Due to the Covid -19 pandemic, the Ministry of Corporate Affairs has issued 3 Circulars on May 03, 2021, to provide Relaxation Compliance under Companies Act, 2013 in respect of ROC Form Filings and Holding of Board Meetings. In this article, we will discuss MCA Relaxation amid CoVID-19 announced on 03rd May 2021. MCA Relaxation … Read more

TDS payment and return filing due date extended

TDS payment and return filing due date extended

Due to the Covid-19 pandemic, the CBDT has issued the notification for For filing of belated tax returns and revised return for the assessment year 2020-21, which was required to be filed on or before 31 March 2021, the extra time has now been given till 31 May 2021. In this article, we will discuss … Read more

The due date for GST Return extended under COVID Pandemic

Due Date for GST Return extended

Due to the Covid-19 pandemic, the government has extended key compliance timelines for goods and services tax (GST) and waived late fees to ease the compliance burden which will ultimately benefit the taxpayers. In this article, we will discuss on Due date for GST Return extended under COVID Pandemic. The Due Date for GST Return … Read more

ITR Revise / Belated return due date extended

Income tax due date extended

Due to the Covid-19 pandemic intensely spreading unhindered across the world, affecting the lives of our citizens, and in light of service requests from citizens, tax experts, as well as other investors, various time barrier dates, which had previously been extended to 30th April 2021 is now again increased. So, it’s a good decision for … Read more

Extend due dates of Income Tax & GST Compliance of April-2021

Extend due dates of Income Tax & GST

Adhering to tax-related compliance introduced by the Indian government is mandatory for taxpayers in India. Such compliance also impresses adhering to the due dates of GST return filing about the complete compliance calendar listed here and specified by the Indian government. The Central Board of Direct Taxes has further extended the due date for ITR … Read more

Maharashtra CM request for extension of due date of GST Returns

Monthly GST Receipts Set To Be Highest In March

The Chief Minister of Maharashtra has petitioned Prime Minister of India, Shri Narendra Modi to extend the Due Date of filing the GST Returns by three months due to increase in the case of COVID-19 again in Maharashtra. In this article we will discuss on Request for extension of due date of GST Returns. Request … Read more

Hold urgent GST meet to cut tax on key medicines, equipment

Hold urgent GST meet to cut tax on key medicines, equipment

As the country tackles with a stronger second Covid wave, all the states need the Centre to urgently convene a meeting of the Goods and Services Tax (GST) Council, which has not met for the last six months. This arrives after the chorus for rate cuts on key medicines and equipment grows louder. In this … Read more