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CBIC Waved off GST Return Late Fees CBIC vide notification no. 57/2020 dated 30.06.2020 has waived off late fees on GSTR 3B for the period of 1st July 2017 to 31st January 2020 which was Rs. 100 Rs. Per day(Rs.50 for CGST & Rs. 50 for SGST) before this notification.…

Avail Additional Working Capital through Emergency Credit Line Guarantee Scheme (ECLGS) Government of India has introduced Emergency Credit Line Guarantee Scheme (ECLGS) through the Ministry of Finance through which you can get additional 20% of their entire outstanding term loan or working capital limit as on February 29th 2020. Conditions is…

Central Government has announced NEW REDUCED TDS (Tax deduction at Source) & TCS (Tax Collection at Source) Rates applicable for the period 14th May 2020 to 31st March 2021. These TDS Rates are reduced by 25% from their existing TDS Rates. Let’s check with an example : 1 As per…