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Shri Anurag Singh Thakur launches IEPFA's 6 modules of short films titled 'Hisab Ki Kitaab'
03 June 2021 at 21:05Union Minister of State for Finance and Corporate Affairs Shri Anurag Singh Thakur has launched the six modules of short films of Investor Education & Protection Fund Authority (IEPFA) titled "Hisaab Ki Kitaab".
DPIIT recognizes 50,000 startups under Startup India Scheme
03 June 2021 at 20:50With the launch of the Startup India initiative, recognized startups have now spread across 623 districts. Each State and UT has at least one startup. 30 States and UTs have announced specific Startup Policies to support startups.
CBIC changes the place of supply for B2B MRO services in case of the shipping industry, to the location of the recipient
03 June 2021 at 06:18The Central Board of Indirect Taxes and Customs has changed the place of supply for B2B MRO services in the case of the shipping industry, to the location of the recipient of service.
ICAI releases ED on Amendments to Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors
02 June 2021 at 22:25The Institute of Chartered Accountants of India has released the Exposure Draft on Amendments to Ind AS 8, Accounting Policies, Changes in Accounting Estimates and Errors and the same has been made available for public comments until 1st July 2021.
The idea of GST: RIP says Former Finance Minister P. Chidambaram
02 June 2021 at 18:36The Former Finance Minister P. Chidambaram on Wednesday, 2nd June 2021, took to his Twitter handle to lay down GST in 10 points. Given in this news piece are his official Tweets.
CBIC rationalizes late fee for delay in filing of return in Form GSTR-4
02 June 2021 at 07:25CBIC has waived the late fee for delay in furnishing of return in FORM GSTR-4 for FY 2021-22 in cases where the late fee is in excess of Rs. 250, where the total tax payable is NIL and in cases where the late fee is in excess of Rs. 1000.
CBIC rationalizes late fee for delay in furnishing of the statement of outward supplies in Form GSTR-1
02 June 2021 at 07:18Vide Notification No. 20/2021 – Central Tax, CBIC has waived the late fee for delay in furnishing of the statement of outward supplies in FORM GSTR-1 from June 2021 onwards or the quarter ending June 2021 onwards.
CBIC rationalizes late fee for delay in filing of return in Form GSTR-3B
02 June 2021 at 07:11Vide Notification No. 19/2021 – Central Tax, CBIC has rationalized late fee for delay in filing of return in FORM GSTR-3B w.e.f 20th May 2021 and has provided a conditional waiver of late fee for delay in filing FORM GSTR-3B from July 2017 to April 2021.
CBIC provides relief by lowering of the interest rate for a specified time for tax periods March 2021 to May 2021
02 June 2021 at 07:03Vide Notification No. 18/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has provided relief to taxpayers by lowering the interest rate for a specified time for tax periods March 2021 to May 2021, w.e.f 18th May 2021.
CBIC amends Rule 36(4) via Central Goods and Services Tax (Fifth Amendment) Rules, 2021
02 June 2021 at 06:54The Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fifth Amendment) Rules, 2021 under which, amendments have been made under Rule 26(1) and 36(4) of the CGST Rules 2017.
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