Is PM’s Economic Package beneficial for ‘Tax Payers’?The Prime Minister recently announced a 20 Lakh Crore stimulus package to revive the deteriorating economy of India.It is to support and encourage industries, infrastructure, economy, and so on. It appears to...
In a press conference dated May 13, 2020, the Indian Finance Minister, Nirmala Sitharaman, has announced the new deadline for Income Tax Return (ITR) for 2019-20.It is a part of the economic stimulation package offered by central government amid COVID-19 outbreak....
Approximately GST Rate for the PPE Kits is 5%, there is 18 percent GST Rates on sanitizers and 5 percent on face masks.Goods and Services Tax in India is taxed at four separate rates NIL, 5%, 12% and 18% on medicines and medical supplies. NIL rate is charged on blood...
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has decided new dates for GST filings.GSTR-3B (Mar, 2020)Jun 30th, 2020CMP-08 (Jan-Mar, 2020)Jul 07th, 2020GSTR-5 (Mar, 2020)Jun 30th, 2020GSTR-5A (Mar, 2020)Jun 30th, 2020GSTR-6 (Mar, 2020)Jun...
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings.Normal Taxpayers filing Form GSTR-3Ba.Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FYTax periodLate fees waived if return filed on or...
