Impact on Service Providers due to amendment in GST Rule 62 Overview To reduce the compliance burden and pay lower rates of taxes, small taxpayers were provided with an option to register for composition levy […]
Overview FASTag provides information regarding the movement of a vehicle when it crosses/passes through a toll plaza. Tracing and tracking the vehicle has become easy through messages. It is a rechargeable tag that facilitates the […]
E way bill update Latest Updates on E way Bill Portal – April 2021 Minimum one HSN code for generation of e-way bill The E-way bill portal doesn’t allow to generate an e-way bill with […]
Invoice furnishing facility (IFF) Invoice Furnishing Facility will enable the taxpayer to update the details of outward supplies made to a registered person ( i.e. only B2B invoices, credit notes, debit notes). This will enable […]
Update for QRMP Returns for the quarter ending 31st March 2021 It is advisable to consider the following points in mind while filing the quarterly returns for the taxpayers who have opted for the QRMP […]
GST Due Dates : FY2021-22 Calendar Compliance calendar for the month of April 2021 Date GST Return & Payments 10.04.21 Monthly GSTR 7 for Mar 2021 (TDS deductor) Monthly GSTR 8 for Mar 2021 (TCS […]
Overview Section 83 of CGST Act,2017 empowers the Commissioner to provisionally attach the property including the bank account if it is required to protect the interest of Revenue. GST law has given a very drastic […]
Audit trail mandatory in accounting software (Click here to read date extension notification) MCA has made it mandatory for every company to use accounting software that can record audit trail/log. Was it mandatory to maintain […]
Finance Minister Nirmala Sitharaman had announced the merger of 10 public sector banks into four major banks on 30th August 2019. The government announced the merger of banks, capital infusion, and overall revival of the […]
LUT Gentle reminder! Apply for fresh LUT for FY 2021-22 Option for renewal of LUT for FY 2021-22 has been activated on the GSTN portal Letter of Undertaking is a pre-requisite for exports without the […]
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