Relaxations for GST return filing

COVID-19: Government announces relaxations for GST return filing

Taxpayers are facing many difficulties in meeting their regular compliances due to COVID-19 pandemic. Keeping into consideration the severe consequences of COVID-19, the Government of India (GOI) has announces relaxations and several relief measures for GST Return filing to lower the compliance burden on the taxpayers. In the context of the same, the Government has introduced following relaxations in relation to GST return filing, due dates, wavier of late filing fees and penalty, revised return, […]

Reliefs granted for GST & Tax Compliance Over COVID-19 Pandemic

The union finance minister Nirmala Sitharaman has finally taken some relief measures on the basis of currently widespread coronavirus pandemic. The decisions are taken to provide relaxation to the various sectors as well as to the taxation industry. In her video conference with all the state finance ministers and panel, she has talked on all the sectors including Income Tax, GST, Customs & Central Excise, Corporate Affairs, Insolvency & Bankruptcy Code (IBC), Banking Sector and […]

Complete GST Details Required Along with Cost Audit Report: MCA

Recently the Ministry of corporate affairs has issued a new revised draft for the amendment of details to be given in the cost audit reports required by the companies to submit them with the government. In the statement and draft of the amendment, the Ministry of Corporate Affairs mentioned that now the companies will have to submit the details of goods and services tax and relevant transactions while submitting cost audit reports. The agenda for such demand is said […]