GST_Update – Notification No. 39/2021 – Central Tax dated 21st December, 2021 Union Budget 2021 has presented various amendments to the GST Law through Finance Act, 2021. However, the same were not notified at that time. Now, the department has issued Notification No. 39/2021 – Central Tax on 21st December, 2021 notifying the applicability of […]
Dear Readers, Before analyzing the management of late fees and penalties, let’s first check the due dates. INCOME TAX DUE DATE Furnishing of Income Tax Return (ITR – Non Audit) 31/12/2021 Furnishing of Audit Report (Other than Transfer Pricing) 15/01/2022 Furnishing of Income Tax Return (ITR – Audit case and partner of auditable P’ship firm))[…..]
Dear Readers, Kindly note that for below matters related to F Y 2020-21, the due date for filing the applicable GSTR of the September 2021 month, will be the last date to make any changes: Issue No. 1: Omission / change / mistake in your outward supply details (i.e. Sales Invoice / Credit Note /[…..]
With effect from 1st October 2020, Government had introduced Section 206C(1H) i.e. a seller having turnover of more than Rs. 10 Crores in the preceding financial year is required to collect TCS from the buyers from whom receipts exceeds Rs. 50 Lacs for sale of goods during the financial year. This had already created lot[…..]