We are here discussing the provisions relating to Goods Transport Agency in Goods and Services Tax and Income Tax. What is the Goods Transport Agency? As per Notification No. 11/2017-Central Tax (Rate) dated 28th June 2017, “Goods transport agency” means any person who provides service in relation to the transport of goods by road and […]
GST
Compliance Calendar for the month of December, 2022
Nature of Compliance Act Due Date/ Extended Due Date Depositing of TDS/ TCS for Nov 2022 Income Tax 07.12.2022 Filing of GSTR-7 (TDS Deductor) for the month of Nov 2022 GST 10.12.2022 Filing of GSTR-8 (TCS Collector) for the month of Nov 2022 GST 10.12.2022 Filing of GSTR-1 (other than QRMP) for Nov, […]
Compliance Calendar for the month of August, 2021
Nature of Compliance Due Date INCOME TAX Depositing of TDS/TCS for July 2021 07.08.2021 Issue of TDS certificate for tax deducted under section 194-IA, 194-IB and194M in the month of July 2021 14.08.2021 Challan cum statement in respect of tax deducted under section 194-IA, 194-IB, and 194M for the month of July 2021 30.08.2021 […]
Relaxations in GST Compliance during Covid Period
1. GSTR 1/ IFF FACILITY: DUE DATE Particulars Month Due Date Extended Due Date GSTR 1 (Monthly Scheme) April 2021 11 May 2021 26 May 2021 IFF Facility (QRMP Scheme) April 2021 13 May 2021 28 May 2021 2. GSTR 3B (Monthly Scheme): DUE DATE, TAX PAYMENT, LATE FEES, AND INTEREST Turnover in Previous Financial […]
COMPLIANCE CALENDAR APRIL 2021
HAPPY FINANCIAL YEAR 2021-2022 Nature of Compliance Act Due Date Depositing of TCS for March 2021 Income Tax 07.04.2021 Filing of GSTR-7 (TDS Deductor) for the month of March 2021 GST 10.04.2021 Filing of GSTR-8 (TCS Collector) for the month of March 2021 GST 10.04.2021 Filing of GSTR-1 (other than QRMP) for March 2021 […]
YEAR ENDING TASKS IN GST FOR FY 2020-21
Deadlines Ended to 31st March 2021 Annual Return The due date to furnish GSTR-9 and GSTR-9C (whose turnover during a financial year exceeds INR 5 crores) for FY 2019- 20 has been extended till 31-03-2021 vide notification number 04/2021-central tax dated 28-02-2021. Option for composition scheme The functionality to opt for composition has been made […]
Opting-in for Composition Scheme for Financial year 2021-22
How to opt-in for Composition Scheme: The eligible registered taxpayers, who want to opt-in for the composition scheme for the FY 2021-22, need to file FORM GST CMP-02 application, on or before 31st March 2021, post login on GST portal. The taxpayers may navigate as follows: Log-in>Services > Registration > Application to opt for Composition […]
COMPLIANCE CALENDAR JANUARY 2021
Wishing you and your family a safe, healthy, and prosperous new year! Nature of Compliance Act Due Date/Extended Due Date Depositing of TDS/ TCS for Dec 2020 Income Tax 07.01.2021 Depositing of Equalisation levy for Dec 2020 Income Tax 07.01.2021 ITR filing date for Non-Audit Assessee for FY 2019-20 Income Tax 10.01.2021 Filing of […]