The author in this article has summarised the Covid -19 relief measures under GST for the taxpayers
Section 194Q is similar to Section 206C(1H) which was introduced by Finance Act 2020, requiring seller to collect tax at source on transactions between a buyer and a seller.
In view of the spread of pandemic COVID-19 across many parts of India & challenges faced by Taxpayers, the Government has announced certain Covid-19 Relief Measures under the GST law.
Schedule III provides general instructions for preparation of Financial Statement of a company classified under Division I (Indian GAAP) and Division II & III (IndAS).
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