Hello, Chartered Accountants,
Here is all you need to know about faceless assessment.
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Hello Chartered Accountants,
Here are some Income Tax updates, till date for you :
1. Notification 56/2020 Income Tax.
2. Notification 42/2020 Income Tax.
3. Circular 13/2020 Income Tax.
4. Notification 54/2020 Income Tax.
5. Notification 55/2020 Income Tax.
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Hello Chartered Accountants,
This episode includes updates in GST:
1. N no. 55/2020 CT: Amendment in notification no. 35/2020 CT
2. N. no. 56/2020 CT : Amendment in notification no. 46/2020 CT
3. N no. 57/2020 CT : Amendment in notification no. 52/2020 CT
4. N no. 58/2020 CT : Eighth amendment (2020) to CGST Rules
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Hello Chartered Accountants,
This includes updates in Income Tax:
1. N no. 38/2020 Income Tax : Income Tax 13th Amendment Rules, 2020.
2. N. no. 40/2020 Income Tax : Income Tax 14th Amendment Rules, 2020.
3. N no. 41/2020 Income Tax : Amendment in Section 9A(3).
4. N no. 42/2020 Income Tax : Income Tax 15th Amendment Rules, 2020.
5. N no. 43/2020 Income Tax : Income Tax 16th Amendment Rules, 2020.
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Hello Chartered Accountants,
This podcast along with due date extension includes one time amnesty and other interest & late fees updates in GST :
1. N no. 48/2020 CT : Sixth amendment (2020) to CGST Rules.
2. Instruction No. 3/2/2020- GST : Specifies the FORM through which payment is to be made.
3. N no. 49/2020 CT : Bring into force Sections of Finance Act, 2020.
4. N no. 50/2020 CT : Seventh amendment (2020) to CGST Rules.
5. N no. 51/2020 CT : Provide relief by lowering of interest rate for GSTR 3B
6. N no. 52/2020 CT : ONE TIME AMNESTY of late fees & provide relief by conditional waiver of late fee for GSTR 3B.
And interesting interpretation of ONE TIME AMNESTY scheme.
7. N no. 53/2020 CT : Provide relief by waiver of late fee for GSTR 1.
8. N no. 54/2020 CT : Extend due date for furnishing FORM GSTR-3B OF August, 2020.
9. Circular no. 141/11/2020 : Clarification in respect of various measures announced.
Links :
IGST notifications :
1. https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-4-2020-igst-english.pdf;jsessionid=53BE88B27DF1F3EEEC2D2F227573C151
2. https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-5-2020-igst-english.pdf;jsessionid=68CBEBDEEAE57E7D5F88554F2A5F612C
UTGST notifications:
1. https://www.cbic.gov.in/resources//htdocs-cbec/gst/Notification-02-2020-Union-Territory-Tax-English.pdf;jsessionid=9FEDFA9713A0CD63AC410D0D3C5FE54A
Important Circular :
https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular_Refund_141_11_2020.pdf;jsessionid=00CDBEEA9CAE4566BCE03BA9D22CCC98
Hope you are enjoying the podcast !
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Hello Chartered Accountants,
Here are some updates in Income Tax Act :
1. Notification no. 32/2020 income tax - Notifies cost inflation index for FY 2020-2021
2. Notification no. 35/2020 income tax* - Extension of various due date.
*Please Note : This amendment has not been covered under podcast..
--The reduced rate of interest of 9% for delayed payments of taxes, levies etc. specified in the Ordinance shall not be applicable for the payments made after 30th June, 2020. So, please take this into consideration.
-- Also please note that in podcast I have mentioned Chapter VI B, which actually is Chapter VI A -B.
Link ; https://www.incometaxindia.gov.in/communications/notification/notification_35_2020.pdf
My blog : https://stayupdatedchartered.blogspot.com/2020/06/section-115-bbe-section-68-brahmastra.html
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Hello Chartered Accountants,
This Episode Includes :
Highlights of 40th GST Council Meeting held on 12.06.2020.
Press release PDF : https://pib.gov.in/PressReleasePage.aspx?PRID=1631127
For any queries/feedback/comments/suggestions :: https://forms.gle/1nAFQDLyEyGwdgd47
STAY TUNED. STAY INFORMED.
Hello Chartered Accountants,
This Episode Includes :
1. N.No. 44/2020 Central Tax : Seeks to give effect to the provisions of Rule 67A for furnishing a nil return in FORM GSTR-3B by SMS.
FAQs on Filing return via SMS : https://stayupdatedchartered.blogspot.com/2020/06/1.html
2. N No. 45/2020 Central Tax : Seeks to extend the date for transition under GST on account of merger of erstwhile Union Territories of Daman and Diu & Dadar and Nagar Haveli.
3. N. No. 46/2020 Central Tax : Seeks to extend period to pass order under Section 54(7) of CGST Act.
4. N No. 47/2020 Central Tax : Seeks to extends validity of e-way bill.
5. CIRCULAR 139/09/2020-GST : Clarification on Refund Related Issues.
6. CIRCULAR 140/10/2020-GST : Clarification in respect of levy of GST on Director’s Remuneration.
For any queries/feedback/comments/suggestions : https://forms.gle/1nAFQDLyEyGwdgd47
STAY TUNED. STAY INFORMED.
HELLO Chartered Accountants.
Let's Go through some recent updates in GST/Income tax Act.
This episode Includes:
1. GST : Registration of IRP/RPs enabled on GST Portal
2. Income Tax :
i. INSTANT PAN procedure :
Log on to e filing home page > Instant PAN Through Aadhar >Get new PAN > Enter particulars > Enter OTP & Validate > Verify details & Submit request for PAN allotment > Ack no. will be received by sms/email.
ii. NOTIFICATION No. 29/2020 of Income Tax - Income-tax (10th Amendment) Rules, 2020
iii. NOTIFICATION No. 30/2020 of Income Tax - Income-tax (11th Amendment) Rules, 2020
iv. NOTIFICATION No. 31/2020 of Income tax - Income tax (12th Amendment) Rules, 2020
For any queries/feedback/comments/suggestion : https://forms.gle/1nAFQDLyEyGwdgd47
STAY TUNED. STAY INFORMED.
HELLO Chartered Accountants.
Let's Go through some recent updates in GST/Income tax Act.
This episode Includes:
1. GST : Registration of IRP/RPs enabled on GST Portal 2. Income Tax : i. INSTANT PAN procedure : Log on to e filing home page > Instant PAN Through Aadhar >Get new PAN > Enter particulars > Enter OTP & Validate > Verify details & Submit request for PAN allotment > Ack no. will be received by sms/email. ii. NOTIFICATION No. 29/2020 of Income Tax - Income-tax (10th Amendment) Rules, 2020 iii. NOTIFICATION No. 30/2020 of Income Tax - Income-tax (11th Amendment) Rules, 2020 iv. NOTIFICATION No. 31/2020 of Income tax - Income tax (12th Amendment) Rules, 2020
For any queries/feedback/comments/suggestion : https://forms.gle/1nAFQDLyEyGwdgd47
STAY TUNED. STAY INFORMED.
Hello Chartered Accountants,
Let's go through some recent updates in relevant laws.
This episode includes :
1. NOTIFICATION No. 43/2020 Central tax - Appoints 18.05.2020, as the date on which the provisions of section 128 of Finance Act 2020 shall come into force.
2. CIRCULAR 12/2020 Income tax - Relaxation from provisions of section 269SU.
3. NOTIFICATION No. 25/2020 Income Tax - Income tax (Ninth Amendment) Rules 2020.
4. ITAT ORDERS & JUDGEMENTS :
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This includes all the changes in Direct Tax by Aatmanirbhar Bharat Abhiyan as announced by FM.
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THIS PODCAST* COVERS NOTIFICATION No. 37/2020 TO 42/2020 CENTRAL TAX.
37/2020-Central Tax - Give effect to the provisions of rule 87 (13) and FORM GST PMT-09
38/2020- Central Tax - Fifth amendment (2020) to CGST Rules
39/2020- Central Tax - Amendments to special procedure for corporate debtors
40/2020- Central Tax - Extend the validity of e-way bills
41/2020- Central Tax - Extend the due date for GSTR 9/9C
42/2020- Central Tax - Extend the due date for FORM GSTR-3B for the taxpayers registered in Ladakh.
Thank you so much for tuning in.
For any queries or comments tweet me : @motomohit
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*this is a bonus episode for evaluation and introductory purpose.
THIS PODCAST* COVERS NOTIFICATION 27/2020 TO 36/2020 CENTRAL TAX.
Note : NOTIFICATION 21/2020 TO 26/2020 CENTRAL TAX are not relevant as on date, thus, not included.
27/2020-Central Tax - Prescribe the due date for GSTR-1 (quaterly)
28/2020-Central Tax - Prescribe the due date for GSTR-1 (monthly)
29/2020-Central Tax - Prescribe return in FORM GSTR-3B along with due dates.
30/2020-Central Tax - Allow opting Composition Scheme for FY 2020-21 till 30.06.2020 and cumulative application of condition in rule 36(4).
31/2020-Central Tax - Relief by conditional lowering of interest rate
32/2020-Central Tax - Relief by conditional waiver of late fee for GSTR-3B for tax periods of February, 2020 to April, 2020.
33/2020-Central Tax - Relief by conditional waiver of late fee for GSTR-1 for tax periods of February, 2020 to April, 2020.
34/2020-Central Tax - Extend due date of GST CMP-08 quarter ending March, 2020 and filing FORM GSTR-4 for FY 2020-21.
35/2020-Central Tax - Extend due date of compliance
36/2020-Central Tax - Extend due date of GSTR-3B for May, 2020.
Thank you so much for tuning in.
For any queries or comments tweet me : @motomohit
STAY TUNED. STAY INFORMED.
*this is a bonus episode for evaluation and introductory purpose.
Here are the changes in GST law made by Finance Act, 2020.
For any query/comment : https://forms.gle/1nAFQDLyEyGwdgd47
Stay Tuned. Stay Informed.
THIS PODCAST* COVERS NOTIFICATION 17/2020 TO 20/2020 CENTRAL TAX.
17/2020-Central Tax - Specify persons who shall be exempted from aadhar authentication
18/2020 & 19/2020 -Central Tax - notify the date from which aadhar authentication is mandatory.
20/2020-Central Tax - Extend due date for GSTR-7.
Thank you so much for tuning in.
For any queries or comments tweet me : @motomohit
*this is a bonus episode for evaluation and introductory purpose.
THIS PODCAST* COVERS NOTIFICATION 16/2020 CENTRAL TAX.
16/2020-Central Tax - Third amendment (2020) to CGST Rules.
Thank you so much for tuning in.
For any queries or comments tweet me : @motomohit
*this is a bonus episode for evaluation and introductory purpose.
THIS PODCAST* COVERS NOTIFICATION 10/2020 TO 20/2020 CENTRAL TAX.
10/2020-Central Tax - Special procedure for taxpayers in Dadra and Nagar Haveli and Daman and Diu after merger of UTs.
11/2020-Central Tax - Special procedure for corporate debtors.
12/2020-Central Tax - Waive off the requirement for furnishing FORM GSTR-1 for 2019-20
13/2020-Central Tax - Exempt certain class of registered persons from E-invoice generation.
14/2020-Central Tax - Exempt certain class of registered persons from QR code generation.
15/2020-Central Tax - Extend the time limit for annual return for FY 2018-19.
Thank you so much for tuning in.
For any queries or comments tweet me : @motomohit
*this is a bonus episode for evaluation and introductory purpose.
Dear Chartered Accountants,
Let's go through some pointers before moving to the main body of Podcast.
Some of the bonus episodes are uploaded of previous notifications (which are relevant as on date) for your reference and to draw a picture of how this will work.
Your feedback will help us to improve our podcast and help you in the best way we can!
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LinkedIn : https://www.linkedin.com/in/mohit-mundhada-98357410a/
DEAR CHARTERED ACCOUNTANTS,
THIS PODCAST WILL HELP YOU TO STAY INFORMED BRIEFLY WITHOUT DISTURBING YOUR WORK SCHEDULE !
JUST TUNE IN & PRICK YOUR EARS ON THE GO.
I am sure that you do not have any reason to listen to your favourite playlist which helps you RELAX, then why do you have one for not listening to the Information podcast which helps you GROW.
SUBSCRIBE FOR ALL THE RELEVANT UPDATES REGARDING GST & INCOME TAX LAW.
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