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CMP-08 GST Return due date for Quarter 1 FY 2022-23 deadline extended

CMP-08 GST Return due date for Quarter 1 FY 2022-23 deadline extended

A major relief for taxpayers as an important GST Return Filing deadline has been extended. The latest news is that CMP-08 GST Return Due date for quarter 1 Financial Year 2022-23 deadline has been extended. This article will guide you about the latest news as CMP-08 GST Return due date has been extended. What is … Read more

E-Commerce can apply for Composition Scheme under GST Registration

E-Commerce can apply for Composition Scheme under GST Registration.

In a move that could help those in the unorganized sector The GST Council has decided to give a massive relief to businesses. The GST Council has decided to allow small E-Commerce Sellers to not have GST registration or apply for composition scheme. This means GST Registration is now not mandatory for some small businesses … Read more

LLP form 11 due date extended by MCA for FY 2021-22

LLP form 11 due date extended by MCA for FY 2021-22

There is a significant relaxation for LLPs as the LLP annual return form-11’s due date has been extended. LLP annual return form 11 is a crucial return that LLPs must submit each year. The announcement of the due date extension without having to pay an additional fee is a chance for all businesses with LLP … Read more

DGFT grants unrestricted import for watermelon seeds till Sept end

DGFT grants unrestricted import for watermelon seeds till Sept end

Good news for importers as there is the latest update for importing watermelon seeds. As per the latest updates, DGFT has launched a new notification for importing watermelon seeds. This article discusses the recent updates about DGFT grants unrestricted import status for watermelon seeds. What is “Free” or “Unrestricted” status in Import? The DGFT does … Read more

GST on online gaming, casinos and horse racing to be 28% or higher

GST on online gaming, casinos and horse racing to be 28% or higher

Indian state finance ministers have requested that the goods and services tax (GST) be increased by 10% to the highest slab rate of 28%, which is anticipated to hurt the country’s fledgling online gaming industry. This article will update you about the latest news of GST on Online Gaming. Latest Survey for GST on Online … Read more

Cryptocurrency Exchanges to pay 1% TDS from Next Month

Cryptocurrency Exchanges to pay 1% TDS from Next Month

A tax deducted at source (TDS) of one percent will be implemented from July 1, 2022, after a 30 percent tax on crypto asset gains, which will take effect on July 1, 2022. There is still a lot of confusion about how the government intends to collect taxes and the different parts of the TDS, … Read more

GST govt reminds e-com operators to file TCS return by 10th june

GST govt reminds e-com operators to file TCS return by 10th june

Due to the approaching deadline, the Goods and Service Tax Network (GSTN) has urged e-com operators to file TCS returns in form GSTR-8 by the 10th of June 2022. TCS is similar to TDS under GST and it is important for every e-commerce operator. Here this article discusses all that you need to know as … Read more

GST on online gaming sector

GST on online gaming sector

Online Gaming Sector is on rise in India. However, the Online Gaming Sector is also taxable under GST. Therefore, GST on online gaming sector is a must understand concept for everyone including taxpayers, online gamers and gaming businesses. This article explains the important concepts relating to GST on online gaming sector. How GST applies on … Read more

GST govt may exclude small e-commerce sellers from registration

GST govt may exclude small e-commerce sellers from registration

Good news might come anytime soon as the GST govt may exclude small ecommerce sellers from registration. This may motivate entrepreneurs and further boost e-commerce business in India. Furthermore, this may also provide relief to small e-commerce sellers who had already been hit by the pandemic. Let’s read the latest update of the GST govt … Read more

Penalty if PAN not linked with AADHAR

Penalty if PAN not linked with AADHAR

An important update for taxpayers as the government will now impose a penalty if PAN Card is not linked with Aadhar. The deadline for linking PAN cards with Aadhar Cards was extended till March 31, 2023. The previous deadline was March 31 this year. However, now taxpayers who haven’t linked their PAN Card with AAdhaar … Read more