The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 26/2021 – Central Tax dated 01st June 2021 further extends the due date for furnishing declaration in form ITC-04 in respect of goods dispatched to a job worker or received from a job worker, during the period from 1st January, 2021 to
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 23/2021 – Central Tax dated 01st June 2021 notify the amendment in Notification No 13/2020 – Central Tax in order to amend the class of registered person for the purpose of e-invoice. NOTIFICATION New Delhi, the 1st June, 2021 No. 23/2021 –
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 20/2021 – Central Tax dated 01st June 2021 notify the capping on late fees for filing GSTR-1 from the tax period June 2021 onwards or quarter ending June 2021 onwards. NOTIFICATIONNew Delhi, the 1st June, 2021No. 20/2021 – Central Tax G.S.R. 364(E).—
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 50/2021 – Customs (N.T.) dated 31st May 2021 notify the further extended the transitional provisions of Sea Cargo Manifest & Transhipment Regulations 2018. Authorised sea carrier to continue to deliver the cargo declaration in old Forms. MINISTRY OF FINANCE (Department of Revenue)
The Central Board of Direct Taxes (CBDT) vide its Circular 10/2021 dated 25th May 2021 clarifies that if different relaxation are available to the taxpayers for particular compliance, the taxpayer is entitled to the relaxation which is more beneficial to him. The full text of the Circular is as follows:- Circular No. 10/2021 F .NO.225/49/2021/ITA-1I Government
The Central Board of Direct Taxes (CBDT) vide its Notification No 68/2021 dated 24th May 2021 notify the Rule 11UAE for computation of fair market value of capital assets for the purposes of section 50B of the Income Tax Act 1961. The full text of the notification is as follows:- MINISTRY OF FINANCE (Department of
GST on Goods Transport Agency (GTA) Vs Goods Transport Operator (GTO) There is an ongoing confusion amongst the business organizations and finance professional with respect to the applicability, taxability and exemption in GTA and GTO services under GST Law. Here we would like to highlight key impacts, definition, taxability and exemption to GTA and GTO
The Ministry of Corporate Affairs (MCA) vide its Circular Dated 20th May 2021 clarified on offsetting the excess CSR spent for FY 2019-20. Keeping in view the spread of COVID-19 in India, an appeal dated 30.03.2020 was made to MDs/CEOs of top 1000 companies in terms of market capitalization, to contribute generously to “Prime Minister’s
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 148/04/2021 – GST dated 18th May 2021 notify the Standard Operating Procedure (SOP) for implementation of the provision of extension of time limit to apply for revocation of cancellation of registration under section 30 of the CGST Act, 2017 and rule 23
