In the GST Council meeting held on Monday, many important decisions were taken to give relief to the traders. The council has announced a big relief to small businessmen in filing tax returns. Now taxpayers will have to fill only 8 returns instead of 24 returns annually. Aadhaar has been made necessary in the return …
There are reports in certain sections of media wherein certain doubts have been raised regarding the applicability of the provisions relating to Tax Collection at Source (TCS) on certain goods introduced vide Finance Act, 2020. This press note is being issued to clarify those doubts about the applicability of these provisions. Finance Act, 2020 amended …