In pursuance to the Government’s decision vide Press Note dated April 8th, 2020 to issue pending income tax refunds in order to help taxpayers in a COVID-19 pandemic situation, the Income Tax Department has issued...
In a major relief to the GST taxpayers, the government has decided to cap the maximum late fee for Form GSTR-3B at Rs. 500/- (five hundred only) per return for the tax period July 2017...
The Central Board of Indirect Taxes and Customs (CBIC) on Thursday notified the Central Goods and Services Tax (Removal of Difficulties) Order, 2020. The Board with the objective of removal of difficulties clarified that for...
In a significant move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. This would substantially improve ease of GST compliance for over 22 lakh...
The Revenue Department, Chennai on Friday issued a trade notice wherein the taxpayers falling under the Central Jurisdiction within the State of Tamil Nadu and the Union Territory of Puducherry are requested to avail the...
In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for the following non-salaried...
The Kerala Government has extended the last date for filing Kerala Flood Cess Return for the period of February 2020 to May 2020, in view of practical difficulties faced by taxpayers due to the unprecedented...
On 14 April 2020, Hungary published the Government Decree on rules of special retail tax that was re-established due to the COVID-19 crisis. The new regime will be applicable to both the resident taxpayers and...
The Central Board of Indirect Taxes and Customs ( CBIC ) has cautioned the Taxpayers from Fake Messages on GST Refunds. It has been observed that some fraudulent messages are being circulated on WhatsApp, Email,...
Last week, Spain notified, new fiscal measures to support the economy and employment affected by the pandemic. The measures were approved by the Royal Decree-Law 15/2020. The additional measures adopted to date include the following:...
China has prolonged the Value-Added Tax (VAT) exemptions on the interest income from loans to small businesses. The announcement affirms the extension of preferential tax policies relating to the financing of micro and small businesses,...
The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the Form PMT-09 for shifting the wrongly paid the Input Tax Credit ( ITC ). The CBIC has recently introduced Form PMT-09...
The Central Board of Direct Taxes (CBDT) responding to some observations being circulated on social media alleging that the Income Tax Department is pursuing recovery proceedings and using arm-twisting methods by adjusting the outstanding demands...
The Central Board of Direct Taxes ( CBDT ) has revised Income Tax Return Forms to enable Taxpayers to avail benefits of timeline extension due to COVID-19. In order to enable income taxpayers to avail...
CBIC said that it is fully committed to helping the GST taxpayers in the present COVID-19 situation. Since 30th March 2020, CBIC has processed 12923 refund applications involving claims worth Rs. 5575 Cr. While in...
In pursuance to the Government’s decision vide Press Note on 8th April 2020 to issue pending income tax refunds up to Rs 5 lakh in order to help taxpayers in a COVID-19 pandemic situation, the...
In the wake of the outbreak of pandemic COVID-19, the Central Board Indirect Taxes and Customs (CBIC) on Thursday notified the “Special Refund and Drawback Disposal Drive” to provide immediate relief to MSME exporters. Central...
The Central Board of Indirect Taxes and Customs (CBIC), on Wednesday, issued a notification wherein the Govt waived the interest for delay in filing GSTR-3B under the Integrated Goods and Service Tax (IGST) Act, 2017....
In an advisory issued to the taxpayers, the Central Board of Direct Taxes (CBDT) has asked to be careful with their income tax e-filing account in order to secure the same from any misuse by...
The Goods and Services Tax Network ( GSTN ) has issued an advisory on Opting-in for Composition Scheme for 2020-21. Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has extended dates for...
In the wake of the outbreak of pandemic Coronavirus (COVID-19), the Central Board of Indirect Taxes and Customs (CBIC) issued a circular to amend SVLDRS Module. The Directorate General of Systems & Data Management, CBIC...
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