The Central Board of Indirect Taxes and Customs has revised the aggregate turnover for e-invoicing from 100 crores to 50 crores w.e.f 1st April 2021. Complete Notification is provided below for reference purpose. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 05/2021–Central Tax New Delhi, the8thMarch, 2021 G.S.R…..(E).–In exercise of the powers conferred by sub-rule...Read More
Ministry of Finance on 24.10.2020 issued press release for Extension of due dates for Annual Return and Reconciliation Statement for 2018-19. The Government has been receiving a number of representations regarding need to extend due date for filing Annual Return (FORM GSTR-9) and Reconciliation Statement (FORM GSTR-9C) for 2018-19 on the grounds that on account of the COVID-19 pandemic related lockdown and restrictions, normal operation...Read More
In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and Amendment of Certain...Read More
The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance& States/ UTs. The GST Council has made the following...Read More
