LATEST ARTICLES

35th meeting for GST Returns

Introduced new System of GST Return i. Between July, 2019 to September, 2019, the new return system (FORM GST ANX-1 & FORM GST ANX-2 only) to be available for trial for...

35th GST Council Meeting

First Meeting of the Council after the swearing in of the new Government. The Meeting took place in a cordial and professional manner. At the start of the Meeting, the Council passed...

Income Tax Return Updates : ITR 1,2,3 & 4 for AY 2019-20 Available for...

Cetral Board of Direct Tax (CBDT) has notified ITR 1,2,3 and 4 for filing income tax return for the Assessment Year 2019-20. Due date for filing income tax return for the tax...

CBDT issues clarification on linking of PAN with Aadhaar : For filing Income Tax...

CBDT issues clarification on linking of PAN with Aadhaar CBDT Clearly mention on press note that w.e.f. 01.04.2019, it is mandatory to quote and link Aadhaar number while filing the return of income. Plain...

Extention of due date : GSTR 1 & 7 for March 2019 are 13th...

Due to technical glitch taxpayer and tax deductor are facing issue regarding submission of GSTR 1 and GSTR 7 which are for the details of Outward supply details and details of...

ICAI Updates : UDIN Mandatory second phase implementation w.e.f 1st April 2019

You may be aware that Unique Document Identification Number (UDIN) has been made mandatory as per the Council decision taken at its 379th Meeting held on 17th – 18th December, 2018...

GSTR 9 UPDATES : Annual Return for the FY 2017-18 Available on GST Portal

Last GSTR for the Financial Year 2017-18 GSTR-9(Annual Return) is now made available on GST Portal. Government has annouced format of GSTR-9(Annual Return) which is now available for filling at GST...

Due Date Extension : GSTR 7 for the month of Jan 2019

Central Board of Indirect Taxes and Custom has been extended due date for filling GSTR-7 for the month of January 2019  till the 28th day of February, 2019 via Notification No. 8/2019...

Interim Budget 2019 updates: Income Tax Act brief updates

Rebate on income tax: Upper limit of Income for eligibility of Rebate under section 87A has been increased up to 5 lacs rupees and maximum allowable rebate increased up to...

Applicability of Section 9(4) : RCM on supplies by unregistered persons

On 29th of January , 2019 CBIC issue notification no.01/2019-Central Tax (Rate) , Seeks to rescind notification No. 8/2017-Central Tax (Rate) dated 28.06.2017 in view of bringing into effect the amendments (regarding...