COVID-19

Income Tax due date extended amid COVID-19

Income Tax due date extended amid COVID-19

Income tax due date extended amid covid is a much-awaited and needed relief. The Taxpayers are facing many difficulties in ITR filing and other tax obligations due to the impact of the Covid-19 pandemic. Furthermore, taxpayers are in confusion, especially in responding to different notifications by the government. Therefore, the government has now released two … Read more

Tax exemption given for Treatment and Ex gratia received due to Covid

Tax exemption given for Treatment and Ex gratia received due to Covid

Tax exemption given for Treatment and Ex gratia received due to Covid is a huge relief for families suffering from the consequences of pandemics. As we all know, The COVID-19 pandemic in India is part of the global 2019 coronavirus infection pandemic (COVID-19) resulting from severe acute coronavirus syndrome 2 (SARS-CoV-2). On 30 January 2020, … Read more

No GST on examination fee charged by Central/States/NBE

No GST on examination fee charged by CentralStatesNBE

No GST on examination fee charged by Central/States/NBE is the latest update. It will help the students as they won’t have to pay an extra fee. The decision for the No GST on examination and GST relaxation for Mid-Day meals resulted from the council meeting held in May. Therefore, in this article, we will understand these … Read more

India’s agriculture exports jump to $41.25 billion in FY21

India’s agriculture exports jump

India is the world’s largest producer, consumer, and exporter of rice, accounting for almost half of global exports. The country is also among the top three wheat and coarse grains producers, such as millet, maize, and barley. Since the 1960s, rice production has increased dramatically to meet growing consumption-driven by population growth, urbanization, and rising … Read more

Govt announced benefits for families of Covid-hit EPFO, ESIC members

Govt announced benefits for families of Covid-hit EPFO, ESIC members

Govt announced benefits for families of Covid-hit EPFO, ESIC members and it includes pensions for dependents of insured persons with Employees’ State Insurance Corporation (ESIC). The government has also announced a hike in the maximum sum provided under the group insurance scheme. Employees’ Deposit Linked Insurance Scheme (EDLI) that is run by EPFO from 6 … Read more

RTI Reveals- CBIC Collects GST Penalties in 7 digits!!

CBIC Collects GST Penalties in 7 digits

It is a surprising fact that taxpayers are finding GST Compliances complicated, and they are facing many difficulties in timely GST Return filing. As a result, the taxpayers have to face heavy penalties. This fact was revealed when CA Ram Bajaj from Rajasthan filed an RTI to CBIC (Central Board of Indirect Taxes and Customs). … Read more

GST Council likely to declared an amnesty on delayed gst return filing

GST Council likely to declared an amnesty on delayed returns

In what may bring further huge relief to businesses affected by Coronavirus, the GST Council is likely to announce an amnesty scheme. The GST council is meeting after the lockdown has been ordered about the amnesty scheme. This lockdown has influenced state authority GST interests with various reposting dramatic falls in 80 to 90 % … Read more

CBDT issues Clarification on Limitation for Appeals Filings before CIT

CBDT issues Clarification on Limitation for Appeals Filings before CIT

There’s a new notification ( No. 10/2021) as CBDT issues Clarification. The taxpayer in India needs to file CIT(Appeal) within 30 days from the date of order of assessment issued. However, due to lockdown, taxpayers are facing timely filing of appeals. Earlier we have seen that CBDT has issued Circular No. 08/2021 on which the … Read more

India Inc gets relief through ESIC, EPFO

India Inc gets relief through ESIC, EPFO

India Inc gets relief through ESIC, EPFO is another excellent news for everyone in the formal sector in India. This relief is available as India is still fighting with Coronavirus in its second wave. Almost every part of the nation is under lockdown. Therefore, the pandemic shut businesses down and caused many problems to India … Read more

E-way bill integration with FASTag, to deliver real-time commercial vehicle data

E-way bill integration with RFID, FASTag to deliver real-time commercial vehicle data

In a move that is exacted to assist curb tax evasion, Goods and Services Tax (GST) authorities will now be able to track real-time data of commercial vehicle (CV) movement on highways by integration of the e-way bill (EWB) system with RFID. In this article, we will discuss E-way bill integration with FASTag. What is … Read more