Taxation

With only a day left for the deadline to file the monthly GST Return Form 3B, the GST portal stopped working, forcing hassled taxpayers to gripe over the issue on Twitter.   One user wrote: "The last day to file your monthly #GST return form – #GSTR3B is November 20, 2019. Happy...
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The government on Thursday extended the due dates for filing of annual return (GSTR-9) and reconciliation statement (GSTR-9C) for financial year 2017-18 to December 31, 2019 and for financial year 2018-19 to March 31, 2020.   The Centre also decided to simplify these forms by making...
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While the Tata Trusts have maintained that they surrendered their tax registration in 2015 itself, the income-tax (I-T) department, however, has clarified that the move was a forced one after these six Trusts were found flouting the provisions of the I-T rules, says a...
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On the last day of October 2019, the Mumbai-based principal commissioner of income tax (PCI-T) cancelled the I-T registration of six trusts from the Tatas, namely Jamsetji Tata Trust, RD Tata Trust, Tata Education Trust, Tata Social Welfare Trust, Sarvajanik Seva Trust and Navajbai Ratan Tata...
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In more fiscal worries for the government, the Goods and Services Tax (GST) collection dropped 5.29 per cent to Rs 95,380 crore in the month of October 2019, on year-on-year basis.   Out of the total GST collection in this period, the central GST (CGST) comprised Rs 17,582 crore and...
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