As we all know that RBI vide Notification dated 27th March, 2020 has announced a COVID-19 Regulatory Package which includes Reschedule of EMIs falling due during the period of March 1st ,2020 to May 31st 2020 to provide relief to the borrowers and to mitigate the burden of debt servicing and also to ensure the continuity of viable businesses.
The Input Service Distribution is self explanatory that distributing the credit on common invoices pertaining to input services only and not goods (inputs or capital goods).
Foreign Direct Investment (FDI) in Proprietorship/ Partnership Firms
This article contains various Compliance requirements under Statutory Laws. Compliance means "adhering to rules and regulations."
This article contains various Compliance requirements under Statutory Laws. Compliance means "adhering to rules and regulations."
Certain section of Finance Act 2020 has been made effective from 30th June 2020 vide Notification No 49/2020 - Central Tax dated 24th June 2020.
The E-waybill facility will be blocked for taxpayers having AAT of Rs. 5 Crores or more from 15th October 2020 if they have not filed their GSTR-3B returns for 2 successive tax periods.
CBIC has issued a Departmental Circular No 142/12/2020- GST on 9th October 2020 clarifying the applicability of Rule 36(4) of the CGST Rules, 2017 for the months of Feb 20 to Aug 20.
In this article, we understand why e-faceless assessment is different from the earlier face to face assessment and why we need to fill gaps existing in our offices, if any, to face future challenges.
Ministry of Finance issued a Press Release on 9th Oct, 20 issuing certain clarifications while filing GSTR-9 & 9C for F.Y. 2018-19. Let us understand the impact of those clarifications.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English