W S P S & Company

May the festive of light bring joy and happiness in your life
Happy Diwali 🪔🎇🎆🪔

आर्थिक वर्ष २०२०-२१ चे आयकर रिटर्न भरणे सुरू झालेले आहे तरी सर्व करदात्यांना विनंती त्यांनी आपले सर्व डॉक्युमेंट वेळेवर जमा करणे, त्यामुळे शेवटच्या वेळी धावपळ होणार नाही व आपले आयकर रिटर्न व्यवस्थित, अचूक, वेळेवर दाखल होतील, धन्यवाद!!

From 1st July 2021 We, W S P S & COMPANY are serving from 2nd floor, Shubharai Towers, Datta Chowk, South Kasaba, Solpaur

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Extention of AGM due date

Refund of charges recovered by banks on electronic transactions

GSTN has enabled the facility to check BOE Info with GST paid on “Import of goods” in Form GSTR-2A

GSTN has enabled the option to file GST Refund application for bunching of refund claim for cross F.Y has been enabled in the GST Portal

Spend on R&D for new vaccine, drugs,medical devices related to COVID-19 to be now part of CSR.
MCA Notifies amended Rules with Caveats: spend to be made in FY21,22,23. R&D should be done in collaboration w/ govt nominated institutes/organisations

CBIC vide Notification No. 63/2020 – Central Tax dated August 25, 2020, has notified proviso to section 50(1) of the CGST Act, 2017, with effect from September 01, 2020.

Therefore, Interest in GST to be levied on Net Tax liability, now notified w.e.f September 1, 2020

Interest in GST to be levied on “Net Tax liability”, a proviso, which was inserted vide Section 100 of the Finance (No. 2) Act, 2019 (23 of 2019), now got notified w.e.f 01/09/2020 vide Notification No. 63/2020-Central Tax, dated. 25th August 2020.

Section100: In section 50 of the Central Goods and Services Tax Act, in sub-section (1), the following proviso shall be inserted, namely:––

“Provided that the interest on tax payable in respect of supplies made during a tax period and declared in the return for the said period furnished after the due date in accordance with the provisions of section 39, except where such return is furnished after the commencement of any proceedings under section 73 or section 74 in respect of the said period, shall be levied on that portion of the tax that is paid by debiting the electronic cash ledger.”.