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Goa also supported this proposal and thereafter Chairperson assured to form a committee of Group of Ministers (GOM) as done earlier for allowing levy of cess for floods in Kerala.
Government relaxes GST compliance May 02, 2021 The Finance Ministry has relaxed compliance norms for Goods & Services Tax (GST) assesses. Accordingly, there will be no late fees for filing March/April 3B up to 15 days and 30 days from original due date for taxpayer with turnover more than five crore and upto five crore, respectively. For quarter ending March 31, there will be no late fees if 3B filed within 30 days from original due date. Form 3B shows how much tax has been paid in cash and how much through credit. It is the most important return form to judge tax collection situation. D...
To embed, copy and paste the code into your website or blog: The list of Internal Revenue Service (IRS) forms that can be digitally signed continues to grow. On August 28, 2020, the IRS issued a memorandum indicating that it would accept the use of digital signatures on various IRS forms because of the restrictions involved with the COVID-19 pandemic. In September 2020, it announced the addition of several more forms. Then, on April 15, 2021, the IRS announced it is extending the authorization to a large number of IRS forms until December 31, 2021. The IRS has not specified which digital sign...
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And now, Centre lets ‘one person company’, small firms file abridged annual returns March 08, 2021 Move may ease compliance burden On the heels of budget proposals to encourage formation of ‘small company’ and ‘one person company’, the Ministry of Corporate Affairs has come up with an abridged version of annual return for such companies. This move is seen as yet another effort by the government to ensure ease of doing business for companies and attract foreign investments. It will go a long way to lighten the compliance burden of several lakhs of companies. Besides revising the d...