Karan Gangwani

30/09/2020

After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020.

26/08/2020

CBIC Press Release clarifies Interest on Delayed Payment of GST

31/03/2020

27/03/2020

RBI Permits all banks for Moratorium/Deferment on Term loans/Working Capital Facilities For 3 months.

24/03/2020

24/03/2020

1. FY 18-19 - return filing last date extended to 30.06.2020
2. Vivaad Se Vishwas Scheme extended to 30.06.2020 (without additional 10% of tax)
3. Interest rate at 9% for Late deposition of TDS till 30.06.2020
4. PAN Aadhar linking deadline now 30.06.2020
5. All notices / proceedings / filing dates till 31.03.2020 - gets extended to 30.06.2020
6. *GST Returns* March, 2020; April 2020; May, 2020 - all returns deadline is 30.06.2020
7. Companies with less than Rs. 5 Crores TO - no interest, penalty, late fees in GST. For companies above Rs. 5 Crores - only interest at 9% will be charged
8. Sabka Vikas scheme for Service Tax (Indirect Taxes) extended till 30.06.2020 - without any interest liability
*Custom*
9. Customs - 24x7 Clearance till 30.06.2020
*Companies Act*
10. MCA - moratorium from 01.04.20 to 30.09.20 - there shall be no additional fees for late filings.
11. Board meetings are relaxed for 60 days for next 2 quarters
12. Revised CARO to get applicable from FY 20-21 instead of FY 19-20
13. For newly incorporated companies - Commencement of business is to be filed within 6 months, which is now extended for another 6 months.

24/03/2020

Link Deadline Extended! Now, PAN Card-Aadhaar Card linking allowed till June 30

PAN-Aadhaar Link Deadline: The last date for PAN-Aadhaar linking has been extended

04/03/2020

DGGI HQ books case against 3 firms for issuance of fake invoices without actual supply of goods worth Rs 4,198 crores.

04/03/2020

Default in filing return for the period of six months should be existing both at time of issuance of notice and passing order for cancellation of the registration under Section 29(2)(c), sets aside the order cancelling the registration.

- Kerala HC in the case of PHOENIX RUBBERS

“Default in filing return for the period of six months should be existing both at time of issuance of notice and passing order for cancellation of the registration under Section 29(2)(c), sets aside the order cancelling the registration. - Kerala HC in the case of PHOENIX RUBBERS”

25/02/2020

GST update regarding GSTR 9&9C for 2018-19:
The validation of previous year's annual return filing, which was subsequently made optional for certain category of taxpayers, is getting removed.