Gryphon Business Solutions Pvt Ltd

Time limit to furnish form GSTR-3B for newly migrated taxpayers extended vide Notification No. 68/2018-Central Tax dated 31st December, 2018 from 31 Dec to 31 March, 2019.

CBDT Withdraws Circular No. 10/2018 dated 31.12.2018 on applicability of section 56(2)(viia) of the Income-tax Act, 1961 for issue of shares by a company in which public are not substantially interested.

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Merry Christmas

Sebi has lined up a slew of relaxations for new-age ventures in sectors like e-commerce, data analytics and bio-technology to raise funds and get their shares traded on stock exchanges.The proposed changes renaming the 'Institutional Trading Platform.

Finance Ministry has extended the due date for filing annual return by three more months. “The competent authority has decided to extend the due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C till 31st March, 2019.

Direct tax collections are up 15.7% for the April-November period from corresponding period a year ago.Collections added to Rs 6.75 lakh crore while refunds amounting to Rs 1.23 lakh crore have been issued during April-November, which is 20.8% higher than refunds issued during the same period.

land owner is liable to pay GST on premises allotted to him, which he intends to distribute among his family members. In re Patrick Bernardinz D’Sa (GST AAR Karnataka)

According to a statement by Central Board of Indirect Taxes and Customs (CBIC), it has been decided to extend the due date for filing form GSTR-9, form GSTR-9A and form GSTR-9C tillMarch 31, 2019.

Draft direct tax code will likely be about stability and certainty in taxation. The tax code, therefore, will not propose tax rate changes or tax slab revisions. Instead, it will focus on making the Income Tax Act simpler and less prone to litigation.

Uttar Pradesh government has decided to refund the SGST imposed on multiplexes and cinema theatres. In an order, the government has allowed the owners, who were part of grants-in-aid incentive schemes, to get these refunds, which would be made within a month of depositing the SGST with the department.