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COVID-19 Relief Measures in Income Tax

On 24th March 2020, the Union Finance Minister announced several measures taken by the Government of India in view of the COVID-19 outbreak and nationwide lockdown. The relief measures related to Income tax are detailed below.

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COVID-19 Relief Measures in GST

The Government has taken a pro-active approach in announcing COVID-19 Relief Measures in GST and easing out the compliance burden, which is a much-needed relief in the middle of the crisis that the world is facing currently.

The government has notified various relief measures undertaken with respect to GST Compliances. The details are elaborated here:

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GST Returns and Compliances

There are various GST compliances that are required to be followed under the new GST law. Following is the list of returns to be filed in detail: Continue reading “GST Returns and Compliances”

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GST: The Goods and Service Tax

The Nation is all geared up for the implementation of one of the biggest indirect tax reforms in India. Are you? All you need to know about GST (Goods & services tax) which is set to rule from 1st July 2017.

As the name itself suggests, Goods and Services Tax will be levied on “Supply” of goods and services. It is a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India to replace the existing modes of taxation levied by the central and state governments. Continue reading “GST: The Goods and Service Tax”