Some Important Changes w.r.t TDS/TCS provisions from 1st July 2021

(Assessee’s may prepare for compliance to the extent applicable to them) The Finance Act, 2021 had brought in the following changes w.e.f 1st July 2021 in respect of TDS/TCS provisions: 1. Section 194Q – Deduction of tax at source on... Read More →

Posted in Direct Tax |

Gist of Notifications dated 1st June, 2021

In exercise of powers conferred by various provisions of CGST Act 2017, CBIC issued various Notifications on 1st June, Gist of notifications are as follows:   Notification No. Gist of notifications 16/2021- Central Tax Provision for liability of interest has... Read More →

Posted in GST |

Insights of the 43rd GST Council Meeting held on 28th May’2021

GST Council in 43rd GST Council Meeting held on 28th May, 2021 have made the following recommendations as listed below:   S. No. Recommendations in brief 1. ·      Relief items like oxygen concentrators, medical oxygen, COVID-19 vaccines etc., to be... Read More →

Posted in Regulatory |

Latest Amendments in CGST Rules

Following amendments are made in CGST rules, vide CBIC vide Notification No. 15/2021-CT, dated 18.05.2021 and are effective from the same date. Amendments are made in registration, refund and e-way bill rules. Amendments in brief are as follows: Earlier application... Read More →

Posted in GST |

Extension of Certain Due Dates by CBDT on 20th May, 2021 vide Circular No.9/2021

In the light of adverse circumstances arising due to the severe 2nd wave of Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that various compliance... Read More →

Posted in Direct Tax |