CBIC clarifications on issues faced by taxpayers in compliance of GST provisions due to spread of covid-19 virus Circular No. 137/07/2020-GST CBEC-20/06/04-2020-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, dated the 13th April, 2020 ToThe Principal Chief Commissioners / …

Alert for Input Service Distributors (ISDs), for data in SAVE stage in their Form GSTR 6 1. Changes are being made in the credit utilization criteria in Form GSTR-6, filed by Input Service Distributors (ISDs). These changes are likely to be implemented on the GST portal with effect …

CBDT Clarification on short deduction of TDS/TCS due to increase in rates of surcharge by Finance No.2 Act, 2019. when assessee not to be treated in default Circular No. 8/2020 F. No. 370133/5/2020-TPLGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes(TPL Division)***** Room No. …

Clarification in respect of option u/s 115BAC regarding TDS. Employee to intimate employer his intention for each previous year. CBDT Circular C1 of 2020 Circular C1 of 2020 F. No. 370142/13/2020-TPLGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes***** New Delhi, April 13, 2020 Clarification …

Relaxation of provisions for Small Savings Account holders of PPF, Sukanya Samriddhi Account (SSA) and RD. Extension of dates The Ministry of Finance has relaxed the regulatory provisions to operate the Small Savings Schemes to safeguard the interests of small savings depositors in view of the lockdown in …

Customs Duty exemption granted on import of ventilators, face masks, PPE & test kits due to Covid-19 Government of IndiaMinistry of FinanceDepartment of Revenue New Delhi the 9th April 2020  PRESS NOTE In the context of Covid-19 situation, considering the immediate requirement of ventilators and other items, the …