The government has extended the deadline for uploading photos of business premises to June 15, giving corporates more time to comply with a provision aimed at spotting shell companies. “It has been decided to extend the date to June 15,” confirmed a corporate affairs ministry official. The disclosure norms, which came into effect from February, make it mandatory forRead more
1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducingRead more
The GST Council Meeting was held at New Delhi on 22nd December 2018. In the GST Council Meeting, various important decisions pertaining to GST Return filling and GST rates were undertaken. We look at the highlights of the GST Council Meeting. (1) No Late Fee for GSTR-1 & GSTR-3B Return The biggest relief extended to smallRead more
Last date for payment of GST and filing of return for july 2017 extended by 5 days The last date for payment of taxes and filing of GST Return in Form 3B for the month of July is 20th of August 2017. Since it is the first Return to be filed under GST, the taxRead more
The Code on Wages Bill was introduced in the Lok Sabha on Thursday. The Bill aims to fix a “universal minimum wage” to benefit more than 40 crore unorganised sector workers. The Bill, which will club all the existing wage and bonus laws together under one umbrella, was introduced by Union Labour Minister Bandaru Dattatreya. HereRead more
