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Due dates of FORM GSTR-1 for the months of April, May and June, 2019

Central Tax Notifications 12/2019-Central Tax ,dt. 07-03-2019 Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs. 1.5 crores for the months of April, May and June, 2019. In exercise of the powers conferred...

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Extension of threshold limit of aggregate turnover for Composition Scheme

Central Tax Notifications 14/2019-Central Tax ,dt. 07-03-2019 Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores. G.S.R....

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Due dates of FORM GSTR-1 for turnover upto Rs. 1.5 crores

Central Tax Notifications 11/2019-Central Tax ,dt. 07-03-2019 Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5 crores for the months of April, May and June, 2019. In exercise of the powers conferred by section...

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Due dates of FORM GSTR-3B for the months of April, May and June, 2019

Central Tax Notifications 13/2019-Central Tax ,dt. 07-03-2019 Seeks to prescribe the due dates for furnishing of FORM GSTR-3B for the months of April, May and June, 2019. In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017...

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Threshold limit of GST registration for turnover upto Rs. 40 Lakhs.

Central Tax Notifications 10/2019-Central Tax ,dt. 07-03-2019 seeksn exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs. In exercise of the powers conferred by sub-section (2) of section...

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Is Standard Deduction eligible from Pension Income?

  Earlier, there was a confusion among the pensioners whose source of income is pension that whether a taxpayer, who receives pension from his former employer, shall be eligible to claim Standard deduction. That confusion has been removed by the Central Board of Direct Taxes...

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New ITR Form 1 to 7 for Assessment year 2018-19 notifies by CBDT

For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative benefited around 3 crore taxpayers, who have filed their return in this simplified Form. For Assessment Year 2018-19,The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms). For...

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Guidelines for adjustment under section 143(1)(a)(vi) of IT Act

Central Board of Direct Taxes (CBDT), issues guidelines for communication under section 143(1)(a)(vi) of the Act while considering returns for processing pertaining to ITR Forms 2, 3, 4, 5 & 6. Subject: Processing of income-tax returns filed in Forms ITR-2, 3, 4, 5 & 6...

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Letter of Undertaking facility extended to all exporters

Central Board of Direct Taxes issues Notification No. 37/2017-Central Tax on extension of LUT ( Letter of Undertaking ) facility to All Exporters in India Notification No. 37 /2017 – Central Tax New Delhi, the 4th October, 2017 G.S.R….(E).- In exercise of the powers conferred...

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Excerpt of New Development in CGST : September,17

New Development in CGST

Excerpt of New Development in CGST during September, 2017. After Implementation of GST from 1st July, 2017, so many Circulars & Notifications published by CBEC, GST Council, GSTIN as well Central and State Government also. Today, we will have a bird eye view of such...

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