Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme by normal taxpayers, for the financial year 2020-21. These are notified in Notifications 30/2020 Central Tax, dated 03.04.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 has also been issued. Read Also : GST and IT Refund to be issued […]
GST AND INCOME TAX REFUND In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. This would benefit around 14 lakh taxpayers. It has also been decided […]
RBI COVID-19 RELIEF ON LOANS The Reserve Bank of India (RBI) has allowed all financial institutions to allow a 3 month moratorium for all term loans in light of the COVID-19. RBI COVID-19 relief on loans is that the banks can now allow their customers for a 3-month period to not pay their monthly EMIs, […]