Key Highlights of Budget 2021: Impact on Direct and Indirect Tax DIRECT TAX CHANGES No change in tax rates The time limit for assessment reduced to 9 months from 12 months from the end of the relevant Assessment Year. Time limits for issuing intimation us 143(1) reduced to 9 months going forward from
TDS Rate Chart for the Financial Year 2021-22 (Assessment Year 2022-23) Section Nature of Payment Threshold Limit TDS Rate 192 Payment of Salary Taxable Income liable to tax according to slab as per old or new regime Slab rate as per old or new regime 192A Payment of the accumulated balance in employees provident fund
CBIC has issued the Standard Operating Procedure (SOP) for implementation of the provisions of suspension of registrations under sub-rule 2A of rule 21A of CGST Rules, 2017:- CBEC-20/06/01/2021-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, dated the 11th February 2021
Registration under GST can either be cancelled by the GST officer or by the registered person or by the legal heirs in case of death of a registered person. GST act also provides for the provision of revocation of cancellation of GST registration in case registration is cancelled by GST officer. In this article, we
