CBIC has issued standard operating procedure to be followed by tax authorities in the case of non filers of GST returns. This outlines the standard procedure to be followed in case a registered person has not filed GST returns within due dates.
Central board of indirect taxes and customs has further extend the due date of filing GSTR-9 and GSTR-9C till 31.01.2020. CBIC vide order no 10/2019-central tax issued on dated 26.12.2019 has further extend due date from 31.12.2019 to 31.01.2020.
The LLP Act is an act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.
An act to make a provision for levy and collection of tax on intra-state supply of goods or services or both by the union territories and for matters connected therewith or incidental thereto.
GST council in its 38th meeting held on 18.12.2019 at New Delhi had taken the following decisions:- 1. Due date of GSTR-9 and GSTR-9C further extended till 31.01.2020. 2. Late fee waived for filing GSTR-1 from July 2017 to November…
Reserve Bank of India (RBI) has made available, National Electronic Funds Transfer (NEFT) facility on 24x7 basis. Further to promote digital payments, RBI has also waive transaction charges on NEFT transactions done through internet or mobile banking of saving bank account.
Prohibition of Benami Property Transactions Rules, 2016 as notified under Prohibition of Benami Property Transaction Act 1988.
Fast track exit scheme has been notified by MCA for closure of non operating, non functional and defunct companies. This scheme gives an opportunity to companies to get there name strike off from register of companies in a hassle free manner.
Prohibition of benami property transactions act is an act to curb black money and prohibit benami transactions. This act empower goverment to recover property held as benami property.
As per GST Act, any person aggrieved by the order of appellate authority, may file appeal before appellate tribunal within 3 months from the date of communication of the order. As benches of the tribunal yet to be constituted, therefore CBIC extend time limit for filing appeal before appellate tribunal