Siddharth Gambhir

In the Budget Presented on 01st February 2020, there were many changes proposed in Income Tax and GST. As compared to Income Tax Law, there were very fewer changes in GST for a reason, and changes are frequently coming in GST law via notifications. In this article, we are covering the Finance Act 2020 – […]

The Government has rolled out a positive announcement for the taxpayers amid the Cornovirus pandemic. As per the twitter account of Income-tax India, the Government has confirmed to issue all pending tax refunds up to Rs 5 lakh. Apart from that, the Government also decided to issue GST and Custom refund, which will be going […]

In the 39th GST Council meeting, there was a mention made about the GST Compliance Procedure under IBC for Corporate Debtors undergoing Corporate Insolvency and resolution process (CIRP). Corporate Debtors simply means a person who has made default in repayment of the amount above prescribed threshold limit. Earlier the threshold limit was Rs 1 lakh […]

In the context of the current market conditions and scenario, the central government, on the recommendation of the council has made many relaxing changes related to composition scheme under GST, interest rate reduction under GST, waiver of late fees and extension of due date for the purpose of filing GST returns. These changes in GST […]

In the growing world of digitalisation and interlinking of data from various sources, the government is keeping a keen eye on the undisclosed income. The need to disclose the income which one earns is increasing day by day. Income tax return form is medium through which an individual or any other registered entity is allowed […]

In the Union Budget presented on 1st February 2020 by our Honorable Finance Minister, there have been dynamic and aggressive changes that relate to Charitable Institutions. The move is purely intended to curb tax evasion and bring transparency in the operations of Charitable Institutions. The government is keen to take strict measures to avoid any […]

In a recent notification dated 23.03.2020, the central government has notified class of persons who shall be undergoing Aadhaar based authentication for the purpose of GST Registration. Also, central government as amended rules relating to physical verification. These steps have been taken to prevent fraudulent persons from getting registered under GST and to curb fake […]