Yesterday on 28th May 2021,Government announced major reliefs to MSME and others in GST.  We will discuss all the reliefs in brief one by one.  Amnesty Scheme :-To relief to taxpayers regarding Late Fee for Pending GSTR-3B for the tax periods from  👉 *July, 2017 to April, 2021*🍍 If GSTR-3B returns for these tax periods…

There is a lockdown imposed at various locations throughout the country. The lock down is imposed either by the state Government or by the Central Government in view of the power given u/s 2 & 2A of The Epidemic Act. The question arises, whether there will be penalty or fine if the person effects any…

In a move which will help curb tax evasion, GST authorities have been armed with real-time data of commercial vehicle movement on highways with integration of the e-way bill (EWB) system with FASTag and RFID. On an average 25 Lakh goods vehicle movements from more than 800 tolls are reported on a daily basis to…

The Income Tax Department is going to launch its new e-filing portal www.incometax.gov.in on *7th June 2021.*   🏄🏻‍♀️ The new e-filing portal (www.incometax.gov.in) is aimed at providing taxpayer convenience and a *modern, seamless  experience* to taxpayers: 🚣🏼‍♂️ New taxpayer-friendly portal integrated with *immediate processing of Income Tax Returns(ITRs)* to issue quick refunds to taxpayers;…