GST amendment w.e.f. 1st January 2022
We would like to inform you that CBIC has notified the specific provisions of the Finance Act 2021 to be effective from 1st January 2022 vide Notification 39/2021 Central Tax.
We have summarized a few...
E-invoice mandatory if Turnover exceeds ₹20 crores wef 01.04.2022
CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 01st April 2022. The existing limit of 50 crores has been reduce...
Notice Under Income Tax
You can get a tax notice for many reasons. These could include not filing income tax return (ITR) on time, calculation errors, not reporting income correctly or even claiming excessive losses.The income tax department...
Importance of filing Income Tax Return (ITR)
ITR for FY 2019-20 (AY 2020-21) Due Date is 30th November.
Importance of filing income tax return
An income tax return is a legal document that stands as your proof of income. Even if you are...
CBIC further extends the due date for filing Form GSTR 4 for the FY...
As per the recent tweet of the Central Board of Indirect Taxes and Customs (CBIC), the Last date for filing Form GSTR 4 for the FY 2019-20 has been extended to October 31, 2020.
Source:...
Highlights of Union Budget 2022-23
Please find below Highlights of Union Budget 2022-23.
General
Paperless Budget. Presented on Tab by the FMEconomic Growth to be 9.2% for FY 2022-23Railways to develop projects for MSME small businessesECLGS Scheme extended till March 2023E-Passports...
What is Advance Tax? Advance Tax Due Dates, Payments & Calculation
Advance tax means income Tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments...
What is Advance Tax? – Advance Tax Calculation, Due Date & Payment
Advance tax means Income Tax should be paid in advance instead of lump sum payment at year end. It is also known as pay as you earn tax. These payments have to be made in instalments...
Transparent Taxation
Prime Minister Shri Narendra Modi has launched the platform for ‘Transparent Taxation’ on 13th August 2020 to ease compliance and benefit for taxpayers.
Key Highlights
Faceless assessment, Faceless appeal. Faceless appeal will be applicable from 25th...
