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All about Udyam Registration

All about Udyam Registration

ALL ABOUT THE UDYAM REGISTRATION

In its continuous endeavour to strengthen the MSME sector, the Government of India has reclassified the definition of Micro, Small and Medium Enterprises and also proposed various loan schemes. To avail the low interest rate loans / collateral free loans / subsidies, etc. the MSME shall have to be registered under the “Udyam Registration” with effect from 1st July…

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Re-credit of GST late fee paid

Re-credit of GST late fee paid

The CBIC has clarified that those taxpayers who have paid the late fee in respect of the Returns which are due on 24th and 27th June respectively for the taxpayers having aggregate turnover of more than Rs. 5 Crores shall be re-credited in the respective ledger in the due course. The amount which has been paid in excess of the late fee prescribed shall be re-credited in the due course.

late fee…

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Notification No. 57/2020 - Lowering of GST late fee for GST filing upto July 2020

Notification No. 57/2020 – Lowering of GST late fee for GST filing upto July 2020

In order to provide the relief to the taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has released the Notification No. 57/2020 – Central Tax in which relaxation has been given to even those taxpayers who has failed to file the GSTR 3B for the Feb 2020 to July 2020. The new extended dates are as follows:-

For the Taxpayers having Aggregate Turnover of more than Rs. 5 Crores

Febr…

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Extended due dates of GST Returns

Extended due dates of GST Returns

Due dates of GSTR 1

Monthly filing – NN -53/2020-Central Tax

Months Due dates March 2020 10th July 2020 April 2020 24th July 2020 May 2020 28th July 2020 June 2020 5th August 2020

  Quarterly filing– NN -53/2020-Central Tax

Months Due dates January to March 2020 17th July 2020 April to June 2020 3rd August 2020

  Due dates of GSTR 3B

For Taxpayers having Aggregate Turnover…

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Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act, 1961

Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act, 1961

Circular 12 of 2020

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Circular No. 138/8/2020 – Clarifying ‘issues in respect of challenges faced by the registered persons in implementation of provisions of GST Laws

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Notification No. 42/2020-Central Tax - Extend the due date for furnishing FORM GSTR-3B, Jan-March, 2020 returns for the taxpayers registered in Ladakh.

Notification No. 42/2020-Central Tax – Extend the due date for furnishing FORM GSTR-3B, Jan-March, 2020 returns for the taxpayers registered in Ladakh.

Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 42/2020 – Central Tax

New Delhi, the 5th May, 2020

G.S.R…..(E).–In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, the…

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Notification No. 39/2020 – Central Tax – Amendments to special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.