Sovereign Gold Bonds (SGBs) are government securities, which are denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash, and the bonds will be redeemed in cash on maturity ..read more

The due dates have not been extended per se but relaxation has been provided from levy of interest and late fee for the given period ..read more

The CBDT vide the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 ​dated 31-03-2020 has extended all respective due dates, falling during the period from 20-03-2020 to 29-06-2020, till June 30, 2020 ..read more

Indian Government has taken many steps to help business in whichever way it can to keep the economy stay afloat and Revive people’s failing morale ..read more

Rule 67A of the CGST Rules, 2017 provides the manner of furnishing of ‘Nil’ GSTR 3B by short messaging service (‘SMS’) facility. This facility to file return through SMSis notified on June 8, 2020. The return shall be filed using the registered mobile number of authorised signatory and verified by One Time Password (OTP) facility ..read more

The outbreak of COVID-19 pandemic has affected the businesses as well as the revenue collection of the Govt. under GST. It is the high time, the GST Council should take concrete measures to strengthen the industry and provide appropriate relief to taxpayers by easing the tax burden ..read more

Monthly Compliance Calendar with Important Due Dates for Income Tax Filing, TDS Deposit, TCS Deposit ..read more

Consumer Protection Act can be described as common man's Civil Court. The Act is designed to make available cheap and quick remedy to a small consumer. Under Sale of Goods Act, the principle is 'caveat emptor,' i.e., 'buyer be aware.' Buyer is supposed to take care before buying goods. He is supposed to be knowledgeable and well informed. This may be true about 100 years ago, when both buyer and seller were on equal footing ..read more

Understand the nuances of the newly launched Faceless Assessment & Appeals. The article delves into the framework, ecosystem, comparison of present vs. faceless assessment, functions of National e-Assessment Centre, among other topics ..read more

E-invoicing mechanism is the process wherein details of the invoices has to be sent for registration on Invoice Reference Portal (IRP) i.e. a passthrough between seller and GST System, in a standard format for which e-schema has been notified, in return of which seller gets an Invoice Reference Number (IRN), a digitally signed invoice by IRP and a QR Code in JSON ..read more