Archive for May, 2020

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RBI ANNOUNCEMENTS AND ITS IMPACT ON BORROWER,DEPOSITORS AND BUSINESS STAKEHOLDERS 5 THINGS TO KNOW

May 24, 2020 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

RBI ANNOUNCEMENTS AND ITS IMPACT ON BORROWER, DEPOSITIRS AND BUSINESSS STAKEHOLDERS 5 things to know:The Monetary Policy Committee ( MPC) of the Reserve Bank of India (RBI) in an off-cycle meeting decided to cut the repo rate by 40 basis points (bps) to 4 per cent while the┬áreverse repo rate was reduced simultaneously to 3.35 […]

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GST:- Due date for filing of GST Annual Returns and Reconcilitions ( GSTR9 and GSR9C) for the Finanncial Year 2018-19 Extended September 30,2020 and E-way Bill Extension.

May 8, 2020 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

With a View to provide relief to Business segments from the compliance burden and Goods & Services Tax (GST) assesses can breathe easy on the compliance front, The Finance Ministry has Brought in the following changes 1.Annual Returns Extended the date for filing annual return for financial year 2018-19 till September 30. In one notification, […]

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CBDT Prescribes Two-years window to resolve Disputes Through MAP ( Mutual Agreement Procedures)

May 8, 2020 | Uncategorized | By CA Pankaj Kumar Mishra | 0 Comments

To Provide Speedy dispute resolution for investors, the Central Board of Direct Taxes (CBDT) has modified the norms for Mutual Agreement Procedures (MAP) by prescribing two years as the average time-frame for resolving cases. What is MAP?MAP is aimed at bringing in certainty via an alternative dispute resolution mechanism. It forms part of a tax […]

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