Tag: GST Consultancy

GST Amnesty scheme 2023: Revive Registration and Clear Late Fees

August 25, 2023August 25, 2023 Chandan Tiwari No Comments

The Goods and Services Tax (GST) Council has announced four amnesty schemes for taxpayers in 2023. These schemes offer relief to taxpayers who have not filed various GST returns, including GSTR-4, GSTR-9 and GSTR-10. Additionally, they cover the regularization of orders related to the revocation of cancelled registrations and deemed withdrawal of assessment orders issued…

GST Amnesty Scheme, GST, GST Advance Ruling Authority, GST Amnesty Plan, GST E-Way Bill

EPFO releases circular on pension computation method

June 15, 2023June 15, 2023 Chandan Tiwari No Comments

The Employees Provident Fund Organisation (EPFO) has released a circular on how the higher pension will be calculated for those employees opting for a higher pension based on actual salary under the Employee Pension Scheme (EPS). As per the circular, the formula for the calculation of higher pension will be different for those retiring before…

Employee Pension Scheme, EPFO, Marketing, Media, PPF

GST applicability on pre-packaged and labelled goods

July 19, 2022July 19, 2022 Chandan Tiwari No Comments

The changes relating to GST rate, in pursuance of recommendations made by the GST Council in its 47th meeting, came into effect from today, 18th of July, 2022. One such change is moving from imposition of GST on specified goods when bearing a registered brand or brand in respect of which an actionable claim or…

CGST, GST, GST Advance Ruling Authority, GST Filing, GST Intelligence, GST On Trust, GST Rates, GST Registration, GST Revenue Collection, GSTR-1, GSTR-3B, IGST, SGST

New Form ITR-U for Taxpayers Filing Updated Tax Returns

May 7, 2022October 29, 2022 Chandan Tiwari No Comments

India’s income tax (IT) department has notified a new form, ITR-U, for taxpayers filing their updated tax returns. The move seeks to reduce lengthy adjudication timelines and use of resources for improper tax filing and is based on the self-assessment of taxpayers. What is the new ITR form? In the new form, ITR-U, the taxpayer…

CBDT, File Your Income Tax Return, Income Tax, ITR-U, Marketing, Media

How to link pan cards with Aadhaar cards?

March 30, 2022October 31, 2022 Chandan Tiwari No Comments

Every Indian person has an Aadhaar card, which has a unique 12-digit number assigned by India’s Unique Identification Authority (UIDAI). It is an identity number that facilitates access to the cardholder’s records, including biometrics and contact information, from a government database. Any person living in India, regardless of age or gender, may sign up to…

CBDT, File Your Income Tax Return, Income Tax, Marketing, Media, PAN Card

What is Bank deposit insurance programme?

December 13, 2021November 7, 2022 Chandan Tiwari No Comments

Today is a very important day for the banking sector for the country and for crores of bank account holders of the country. How a big problem that has been going on for decades has been solved, today is a witness to it. In the name given to today’s event, Depositors First is putting the…

BANK, CBDT, Marketing, Media, Reserve Bank of India

The GST Council made a big change in the rate of these thing!

September 18, 2021November 10, 2022 Chandan Tiwari No Comments

The GST Council meeting was held in Lucknow on Friday under the chairmanship of Finance Minister Nirmala Sitharaman. After this meeting many important decisions were announced. These decisions will have a direct impact on the common man. In this, the exemption from GST on medicines to prevent coronavirus was increased to 31 December 2021. But,…

CBIC, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust

Extension of closing date of late fee GST amnesty scheme and time limit for filing of application for revocation of cancellation of registration under GST Act

September 1, 2021January 25, 2023 Chandan Tiwari No Comments

The Government, vide Notification No. 19/2021- Central Tax, dated 01.06.2021, had provided relief to the taxpayers by reducing / waiving late fee for non-furnishing FORM GSTR-3B for the tax periods from July, 2017 to April, 2021, if the returns for these tax periods are furnished between 01.06.2021 to 31.08.2021. The last date to avail benefit of the late…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, Startup

GST auto-population of e-invoice details into GSTR-1

December 17, 2020 Chandan Tiwari No Comments

Document certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoice’). Details from such e-invoice are be auto-populated in respective tables of GSTR-1, and GSTR-1 is a part of GST. Due to some unanticipated issues, there has been delay in auto-population…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, Uncategorized

Budget 2019 – Highlights Simplified

February 4, 2019 Chandan Tiwari No Comments

Financial Crux of Budget 2019 2017-18 (Actuals) 2018-19 (Revised Estimates) 2019-20 (Budget Estimates) Revenue Receipts (Like Income Tax, GST, Dividends from PSU’s & Banks ,Interest on Government Lending Etc.) 14,35,233 Cr. 17,29,682 Cr. 19,77,693 Cr. Capital Receipts (Recovery of Loans, Funds Raised from PPF, small saving deposits etc.) 7,06,742 Cr. 7,27,553 Cr….

Budget 2019, constitution of India, GST, Media