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ITR: Avoid these 5 mistakes while saving Income Tax
Income Tax Return (ITR) due date is extended to 31st December 2021. Many people without consulting tax experts invest in schemes that are popular among the individuals. Especially those who have income from salary there are very less ways to save tax for them. Lets have a look on the mistakes to avoid while investing […]
Read moreGST Returns: 5 mistakes to avoid in Sept 2021 GSTR 1 and GSTR 3b
The September 2021 GST Returns are very important for every Registered Person under GST. Any changes or modification in the sale or purchase transactions done between April 2020 to March 2021 may be done only in the GST returns of September 2021. The last date for GSTR-1 of tax period September 2021 is 11th October 2021. The last date for […]
Read moreGSTN: Restarting Blocking of E-Way Bill (EWB) generation facility
Blocking of E-Way Bill: 1. The blocking of E-way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person […]
Read moreIncome Tax Due date Calendar October 2021 – Know the Due Dates
List of Important Income Tax Due date of compliances under Income Tax Act, 2021 for the month of October 2021. Income Tax Due date October 2021 Income Tax Due date Particular 07/10/2021 Payment of TDS /TCS for the month of September 2021 15/10/2021 Due date for furnishing of Form 24G by an office of the […]
Read moreEmergency credit line guarantee scheme modified and extended – Know Full details
Emergency credit line guarantee scheme– Ministry of Finance vide press release 1759251 dated 29th September, 2021 has extended the scope of ECLGS’ and scheme extended till 31.03.2022 or till guarantees for an amount of Rs. 4.5 lakh crore are issued under the scheme, whichever is earlier. Further, the last date of disbursement under the scheme […]
Read moreGST Rates Industry wise changed from 1st October 2021
GST Rates: On the basis of recommendation in 45th GST Council Meeting, several notifications issued to notify the changes in the applicable GST rates (including exemptions). Following changes are applicable to some industries from 01.10.2021 on the basis of notifications issued- 1. GST Rates as per Notification no. 06/2021-CT (Rate) 1. Job-work (alcohol) The relevant […]
Read moreGST collection for September crosses Rs 1.17 lakh crore, up by 23%
GST collection: The gross GST revenue collected in the month of September 2021 is Rs 1,17,010 crore of which CGST is Rs 20,578 crore, SGST is Rs 26,767 crore, IGST is Rs 60,911 crore (including Rs 29,555 crore collected on import of goods) and Cess is Rs 8,754 crore (including Rs 623 crore collected on import of goods). […]
Read moreMicro, small and medium companies: NFRA consultation paper on statutory audit
India is unique among the big economies of the world in statutorily mandating compulsory audit for all companies, irrespective of their size and characteristics. In view of the significant role played by companies in India in the economic growth and development of the Nation, it is essential that the regulatory environment is conducive to support, […]
Read moreTextile Sector GST Rate changes disappointing says, clothing association CMAI
The Clothing Manufacturers Association of India (CMAI), one of the largest and oldest Association representing the domestic garment industry, expressed its disappointment and anguish over recent GST Council announcements indicating that, in order to address the issue of inverted duty structures in the textile sector, it has been decided to change the GST Rates. Although no […]
Read moreIncome Tax Refund Scam: Hackers stealing money through Trojan malware attack, know full details
There are no free lunches in this world. If someone tries to give you free money, even if it’s in the form of an income tax refund, be cautious. Read one of the most recent scam emails done with the name of Income tax Refund and how to secure your sensitive data. What the hackers […]
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