MRR UNBOSOM

TELANGANA GOVERNMENT HAS GIVEN  UNLOCK RELIEF TO ALL BUSINESSES  FROM LOCKDOWN RESTRICTIONS TO  RESUME FULL DAY OPERATIONS Telangana Businesses can carryon their activities full day long from June'20, 2021. Telangana Government passed an order for unlock relief from lockdown restrictions on June'19, 2021.   With the efforts put by Telangana Government in controlling the Second wave of pandemic succeeded beyond the assumption. Covid Cases are under control of Government due to the Strict lockdowns implemented. Reviewing the situation of revenue of state down falling and  Covid cases under control , Government of Telangana has shown interest in unlock of restrictions completely.  Businesses are given Relief only for lockdown restrictions but Covid Norms are to be followed very strictly during the operations. Covid Norms like Wearing Masks all the times at work areas or public places or during travelling, maintaining physical distance, proper saniti...

IN VIEW OF SECOND WAVE PANDEMIC SITUATION GST TAXPAYERS CAN NOW BE AT COMFORT OF FILING THE GST FORMS ON RESPECTIVE EXTENDED DATES, ZERO LATE FEES AND LOW INTEREST RATES AS DECIDED BY GOVT.(CBIC) Government has given an opportunity to GST Tax payers to file the returns within extended time. This is the decision taken in favour of taxpayers as relief from the partial lockdowns in respective states along with severe pandemic concerns. Special Reliefs are as below: REDUCTION IN RATE OF INTEREST LEVIED FOR THE TAX PAYMENTS TO BE MADE WAIVER OFF OF LATE FEES  EXTENSION OF DUE DATES FOR FEW FORMS FILING CBIC is been represented by various stakeholders and taxpayers about the challenges faced during this pandemic situation. Timely compliance of GST filings is highly impossible considering the dangerous spread of covid is the opinion of stakeholders. Stakeholders request is observed by CBIC and GOI and announced relief measures.   Filing dates extended till 31st Ma...

VIVAD SE VISHWAS PAYMENT OF AMOUNT CAN BE DONE UPTO 30TH JUNE'2021 WITHOUT ANY FURTHER ATTRACT OF ADDITIONAL AMOUNT Govt of India - Ministry of Finance - Department of Revenue - Central Board of Direct Taxes has extended time for payment of amount on account of Vivad Se Vishwas scheme till 30th June'2021. Previously given last date for payment is going to expire on 30th April' 2021 but due to the surge in covid cases in the country at present and taxpayers are facing many difficulties in performing timely actions and make payments. Various representations were made to the ministry by stakeholders to the consider the situation and extend the deadlines. Ministry considering all the hurdles faced by the taxpayers has acted in favour of requests and extended the deadlines for payment of assessed scheme amount without any additional amounts being charged.     Along with the extension of Vivas Se Viswas act payment amount deadline there are some other sections too for which ext...