Money Matters : Make it count

Team Money Matters wishes everyone a very Happy Diwali!!! 🥳

GST filing made easier.
Quarterly returns for taxpayers having turnover less than 5 Cr. from 1st Jan 2021.

GST filing made easier.

Negative figures allowed in Table 3 of GSTR 3B

Extension of due date to hold AGM for companies from 30th Sep 2020 to 31st Dec 2020.

Major Tax Updates for the past week

GSTR 04, for composition taxpayers is available on portal.

Last date to file (extended)is 31st August 2020.

Goods and Service Tax (GST) is evolving so much everyday. Lots of amendments and changes are introduced daily through notifications and circulars. Keep your business ready for these changes by availing expert's advice on impact of these changes on your business, as these changes may not show their impact today but they can surely effect your business in the long run.

Last date to file ITR for FY 2018-19 is 31st July 2020.

The Union Ministry of Micro, Small and Medium Enterprises (MSME), vide the notification dated 26th June, 2020, declare new process of classification and registration of enterprises as MSME.

An enterprise for this purpose will be known as ‘UDYAM’ and its registration process will be known as ‘UDYAM REGISTRATION’.

The process of registration has started from 1st July, 2020.

The existing Udyog Aadhar holder shall get themselves re-register till 31st march, 2021 or else their MSME status will be revoked.

Under Udyam Registration, PAN and GST are mandatorily required.

TDS on cash withdrawal from bank (applicable from 1st July 2020)