Page 4 - Electronic Verification Code News Today

The GST Council, chaired by the Union Finance Minister and comprising state counterparts, on May 28 had decided to extend certain compliance relaxations on account of COVID-19.

For monthly and quarterly returns to be filed in the future, the late fee has been capped at Rs 500 for returns with no tax liability. In case of turnover above Rs 1.5 crore, late fee has been capped at Rs 2,000 and from Rs 1.5 crore to Rs 5 crore turnover, the late fee has been capped at Rs 5,000.

The government on Monday said the deadline for filing monthly GST sales returns for May has been extended by 15 days till June 26. The GST Council, chaired by the Union Finance Minister and comprising state counterparts, on May 28 had decided to extend certain compliance relaxations on account of COVID-19. The Central Board of Indirect Taxes and Customs (CBIC) in a series of tweets listed out the various relaxations extended by the Council. The due date for furnishing details of outward sup...

Earlier, the GST Council, which was chaired by the Union Finance Minister Nirmala Sitharaman, in a meeting on May 28 decided to extend certain compliance relaxation in light of the COVID-19 pandemic

For monthly and quarterly returns to be filed in the future, the late fee has been capped at Rs 500 for returns with no tax liability. In case of turnover above Rs 1.5 crore, late fee has been capped at Rs 2,000 and from Rs 1.5 crore to Rs 5 crore turnover, the late fee has been capped at Rs 5,000.

The GST Councils 43rd meeting continued to provide relief to taxpayers, particularly small taxpayers, who have been disproportionately impacted by the Covid outbreaks second wave. For taxpayers with an annual income of up to Rs 2 crore, FY 2020-21 will be optional.

The 43rd meeting of the GST Council on Friday continued to extend relief to taxpayers, particularly small taxpayers, who are worst-affected in the second wave of Covid pandemic sweeping the country.As part of trade facilitation measures, the ...

Covid relief: Government allows business to verify monthly GST returns through EVC till May 31 Top Searches Covid relief: Government allows business to verify monthly GST returns through EVC till May 31 PTI / Apr 27, 2021, 21:34 IST FacebookTwitterLinkedinEMail (Representative image) NEW DELHI: The government has allowed businesses to verify through electronic verification code monthly GST returns filed till May 31. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) sai...

Updated Jan 13, 2021 | 06:26 IST The income tax department also announced last year that it will issue only e-refunds. These refunds will be credited only to those accounts which are linked with Aadhaar, PAN and are pre-validated Filed ITR? Know how to check income tax refund status&nbsp New Delhi: Income tax return filing last date (January 10) has passed. People who have filed ITR and have paid excess tax are now looking for their refund to be credited in their account....

The last date for filing GST annual return for 2019-20 fiscal has been extended tillFebruary 28, 2021 The extended deadline for individual taxpayers to file their income tax returns (ITR) ends today i.e. January 10, 2021. The government has extended the deadline for filing returns multiple times in the past so as to provide relief to taxpayers amid the Covid-19 pandemic. The original deadline for filing ITRs was July 31, 2002. The deadline was first extended to November 30, 2020 and thereafter ...