Team Taxcharcha - Taxcharcha

The Central Board of Indirect Taxes and Customs (CBIC) has issued the Circular No. 156/12/2021 – GST has issued the circlar clarifying the applicability of...

Income Tax Latest

CBDT issues functionality to check the compliance of Section 206AB and 206CCA

Team Taxcharcha21/06/2021

by Team Taxcharcha21/06/202101272

The Central Board of Direct Taxes (CBDT) has issued the circular no. 11/2021 on 21st June 2021 in which it has been clarified that in...

Company Law Latest

MCA notifies changes in the Indian Accounting Standards

Team Taxcharcha21/06/2021

by Team Taxcharcha21/06/20210889

The Ministry of Corporate Affairs has introduced certain amendments in the Indian Accounting Standards vide Companies (Indian Accounting Standards) Amendment Rules 2021. To view and...

Income Tax Latest

Extension of validity of Udyog Aadhar Memorandum from 31-03-2021 to 31-12-2021

Team Taxcharcha18/06/202118/06/2021

by Team Taxcharcha18/06/202118/06/20210947

Ministry of Micro, Small and Medium Enterprises has issued an amendment to the original notification No. S.O. 2119 (E) dated 26.06.2020 vide 2347(E) dated 16.06.2021,...

GST Latest

Clarification regarding GST rate on laterals/parts of Sprinklers or Drip Irrigation System

Team Taxcharcha18/06/2021

by Team Taxcharcha18/06/202101400

The CBIC has clarified the GST rate on laterals / parts of sprinklers or Drip Irrigation system. To view and download the circular click here...

GST Latest

Clarification regarding GST on service supplied by State Govt. to their undertakings or PSUs by way of guaranteeing loans taken by them

Team Taxcharcha18/06/2021

by Team Taxcharcha18/06/20210945

The CBIC has clarified that there should be No GST on service of State Government on guaranting the loan provided to their undertakings or PSUs....

GST Latest

Clarification regarding GST on milling of wheat into flour or paddy into rice for distribution by State Governments under PDS

Team Taxcharcha18/06/2021

by Team Taxcharcha18/06/202101055

The CBIC has clarified the GST rate on the GST on milling of wheat into flour or paddy into rice for distribution by State Governments...

GST Latest

Clarification regarding GST rate on construction services provided to a Government entity in relation to construction such as Ropeway

Team Taxcharcha18/06/2021

by Team Taxcharcha18/06/202101062

The CBIC vide Circular No. 152/08/2021 has clarified the rate of GST rate on the construction of Ropeway for the Turnkey projects to be 18%...

GST Latest

Clarification regarding GST on supply of various services by Central and State Board

Team Taxcharcha18/06/202118/06/2021

by Team Taxcharcha18/06/202118/06/20210974

The CBIC has clarified vide Circular No. 151/07/2021, the issue of GST on the following:- a. GST is exempt on services provided by the Central...

GST Latest

Clarification regarding applicability of GST on construction of road where considerations are received in deferred payment

Team Taxcharcha18/06/2021

by Team Taxcharcha18/06/20210927

CBIC has notified the circular no. 150/06/2021 in which it has been clarified that the GST should be applicable on the annuity paid for construction...

GST Latest

Clarification regarding applicability of GST on supply of food in Anganwadis and School

Team Taxcharcha17/06/2021

by Team Taxcharcha17/06/202101101

With respect to the applicability of GST on the foods supplied to the Anganwadis and School, the CBIC vide circular no. 149/05/2021-GST has clarified that...

Income Tax Latest

Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal

Team Taxcharcha15/06/2021

by Team Taxcharcha15/06/20210607

Senior officials of the Ministry of Finance, Government of India, will hold an interactive meeting on the 22nd of June, 2021, between 11:00 AM to 01:00...

Income Tax Latest

Cost Inflation Index for FY 2021-22 is 317

Team Taxcharcha15/06/2021

by Team Taxcharcha15/06/20210781

CBDT has notified the Cost Inflation Index for FY 2021-22 vide Notification no. 73/2021 which is 317. To view and download the Notification, click here...

Income Tax Latest

CBDT relaxes filing of Form 15CA / CB

Team Taxcharcha14/06/2021

by Team Taxcharcha14/06/20210567

As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered...

Income Tax Latest

Guidelines for compulsory selection of Returns for complete scrutiny for FY 2021-22

Team Taxcharcha10/06/2021

by Team Taxcharcha10/06/20210725

The CBDT has issued the Guidelines for compulsory selection of returns for complete scrutiny for FY 2021-22. The cases which are to be selected for...

Income Tax Latest

CBDT notifies New TDS rules to amend Rule 31A

Team Taxcharcha09/06/2021

by Team Taxcharcha09/06/20210721

The Central Board of Direct Taxes (CBDT) has notified the changes in Rule 31A and updated the annexures of Form 26Q, 27EQ, 27Q on 8-6-21...

Company Law Latest

AGILE PRO will be AGILE PRO S from 7th June onwards

Team Taxcharcha08/06/2021

by Team Taxcharcha08/06/202101201

On 7th June 2021, the MCA has notified the Companies (Incorporation) Fourth Amendment Rules 2021 in which the AGILE PRO form has been changed to...

Uncategorized

Notification No. 03/2021 – Central Tax (Rate) – Time of payment of GST by the Real Estate Developers

Team Taxcharcha03/06/2021

by Team Taxcharcha03/06/20210726

To give effect to the recommendations of 43rd GST Council meeting, the CBIC has issued the Notification No. 03/2021 – Central Tax (Rate) in which...

GST Latest

Notification No. 02/2021 – Central Tax (Rate) – Allowing utilisation of ITC by Landowner promoter and change in GST rate of Maintenance, Repair and Overhaul services of ships and vessels

Team Taxcharcha03/06/2021

by Team Taxcharcha03/06/202101438

The CBIC has issued the Notification No. 02/2021 – Central Tax (rate) in which the following changes have been issued:- a. Allowing the Landowner promoter...

GST Latest

Notification No. 01/2021 – Central Tax (Rate) – Change in the GST rate of HSN 9503 and Diethylcarbamazine

Team Taxcharcha03/06/2021

by Team Taxcharcha03/06/20210813

The CBIC on 2nd June 2021 has notified the reduction in the rates of the followng from 12% to 5%. a. HSN 9503 – Toys...

Uncategorized

CBDT issues instructions for filing Income tax forms for FY 2020-21

Team Taxcharcha02/06/2021

by Team Taxcharcha02/06/20210505

The CBDT has issued the instructions for filing the Income tax returns for FY 2020-21. To view and download the Instructions click here https://www.incometaxindia.gov.in/Pages/downloads/income-tax-return.aspx ...

GST Latest

Retrospective amendment to Section 50 notified on 01-06-2021

Team Taxcharcha02/06/2021

by Team Taxcharcha02/06/20210922

In the 43rd GST Council Meeting, the GST Council has recommended for the retrospective amendment to Section 50 so as to the levy of interest...

GST Latest

Notifications to give effect to the Recommendations of the 43rd GST Council Meeting

Team Taxcharcha01/06/2021

by Team Taxcharcha01/06/20210849

The CBIC has issued the various Notifications on 01-06-2021 to give effect to the Recommendations of the 43rd GST Council Meeting. To view and download...

Author : Team Taxcharcha

Finance Ministry interaction with tax professionals, other stakeholders and Infosys on issues in new Income Tax Portal

Introduction to Tax Deduction at Source

CBIC issues clarification regarding QR code on B2C invoices

CBDT issues functionality to check the compliance of Section 206AB and 206CCA

MCA notifies changes in the Indian Accounting Standards

Extension of validity of Udyog Aadhar Memorandum from 31-03-2021 to 31-12-2021

Clarification regarding GST rate on laterals/parts of Sprinklers or Drip Irrigation System

Clarification regarding GST on service supplied by State Govt. to their undertakings or PSUs by way of guaranteeing loans taken by them

Clarification regarding GST on milling of wheat into flour or paddy into rice for distribution by State Governments under PDS

Clarification regarding GST rate on construction services provided to a Government entity in relation to construction such as Ropeway

Clarification regarding GST on supply of various services by Central and State Board

Clarification regarding applicability of GST on construction of road where considerations are received in deferred payment

Clarification regarding applicability of GST on supply of food in Anganwadis and School

Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal

Cost Inflation Index for FY 2021-22 is 317

CBDT relaxes filing of Form 15CA / CB

Guidelines for compulsory selection of Returns for complete scrutiny for FY 2021-22

CBDT notifies New TDS rules to amend Rule 31A

AGILE PRO will be AGILE PRO S from 7th June onwards

Notification No. 03/2021 – Central Tax (Rate) – Time of payment of GST by the Real Estate Developers

Notification No. 02/2021 – Central Tax (Rate) – Allowing utilisation of ITC by Landowner promoter and change in GST rate of Maintenance, Repair and Overhaul services of ships and vessels

Notification No. 01/2021 – Central Tax (Rate) – Change in the GST rate of HSN 9503 and Diethylcarbamazine

CBDT issues instructions for filing Income tax forms for FY 2020-21

Retrospective amendment to Section 50 notified on 01-06-2021

Notifications to give effect to the Recommendations of the 43rd GST Council Meeting

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