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Welcome To IANS Live - BUSINESS - GST Council extends compliance relief for all taxpayers, focus on smaller

As part of trade facilitation measures, the Council approved an amnesty scheme to provide relief to taxpayers regarding late fee for pending returns.It h ....

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Welcome To IANS Live - LatestNews - GST Council extends compliance relief for all taxpayers, focus on smaller

Photo Credit: IANS
IANSLive
New Delhi, May 28 (IANS) 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.

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Secretary of State Warns Tennessee Businesses About New "Certificate of Existence" Filing Scam

Secretary of State Warns Tennessee Businesses About New “Certificate of Existence” Filing Scam
May 24, 2021 at 07:30 am by
WGNS
Photo: Misleading Letter Copy
Secretary of State Tre Hargett is issuing a warning statement to business owners across Tennessee, advising them of a scam that has recently resurfaced targeting businesses with a fake mailer from a company that goes by two names: “Tennessee Certificate Service” and “TN Certificate of Existence Filing Company.”
“Our Division of Business Services and myself personally have been hearing multiple complaints from business owners across Tennessee about these misleading mailers,” said Secretary Hargett. “We have seen scams like this before, with similar deceptive language that implies that businesses must have a certificate of existence to complete its formation or to fully operate in the state. This is not the case. Unfortunately, businesses who order a certificate of exi ....

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Government extends timelines for income tax compliance

Government extends timelines for income tax compliance
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Government extends timelines for income tax compliance
TNN / May 21, 2021, 07:24 IST
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NEW DELHI: The government on Thursday announced an extension in deadline for several income tax related compliances, including filing of returns by individuals.
Individuals can now file returns up to September 30, instead of the prescribed July
31. Even last year, filing had been delayed due to the national lockdown.
The Central Board of Direct Taxes (CBDT) said that it has also extended the income tax return filing deadline for companies by a month to November 30. In a circular, the CBDT said an extension of time limits is being given for certain tax compliances “to provide relief to taxpayers in view of the severe pandemic”. ....

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Companies: 'Indian cos' performance worsened faster in Q4'

‘Indian cos’ performance worsened faster in Q4’
There could be several reasons for non-compliance with statutory requirements for paying GST and PF and filing returns.
Synopsis
Similarly, the PF report prepared filings of 2,926 businesses. It showed that 29 per cent of the business entities being monitored reported reduced filings whereas only 13 per cent of the business entities witnessed a drop the previous quarter.
Mumbai: Business performance at Indian firms deteriorated faster in the March quarter than the preceding three-month period, an analysis of tax filings, provident funds (PF) and credit ratings of thousands of entities by analytics company Rubix Technologies showed. ....

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