S. Jaykishan

Chartered Accountants

Author Archive for S Jaykishan




Filing of GSTR-9A waived off; GSTR-9 made optional incase of turnover up to Rs. 2 crore

Filing of GSTR-9A waived off; GSTR-9 made optional incase of turnover up to Rs. 2 crore

(Date: 21/9/2019)

GST Council in its 37th Meeting on September 20, 2019 effected a relaxation in filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19 as under:

a. waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for the said tax periods; and

b. filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crores made optional for […] Read More >>


CBDT relaxes norms for launching prosecution in certain offences

CBDT relaxes norms for launching prosecution in certain offences

(Date: 13/09/2019)

In order to ensure that only deserving cases get prosecuted, the CBDT has relaxed criteria for launching prosecution in respect of certain offences. For example – In case of non-payment of TDS/TCS is Rs. 25 lakhs or below and delay in deposit is less than 60 days, cases shall not be processed for prosecution. Further, in case of failure to furnish ITR, prior approval of collegium of two CCIT/DGIT rank officer […] Read More >>


CBDT notifies E-assessment Scheme, 2019

CBDT notifies E-assessment Scheme, 2019

(Date: 13/09/2019)

The CBDT has notified an ‘E-Assessment Scheme, 2019’ vide Notification no. 61/2019 & 62/2019, dated 12-09-2019 for the purpose of conducting e-assessments. The scheme shall be come into force with effect from September 12, 2019. Thus, any scrutiny assessment carried out on or after 12-09-2019 shall be governed by this ‘E-assessment Scheme, 2019’.

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CBDT amends Rule 114: interchangeability of PAN with Aadhaar

CBDT amends Rule 114: interchangeability of PAN with Aadhaar

(Date: 31/8/2019)

The Finance (No. 2) Act, 2019 has amended Section 139A to make PAN and Aadhaar interchangeable. Now, the CBDT has amended Rule 114 of Income-tax Rules, 1962 to provide that a person, who has not been allotted a PAN, shall be deemed to have applied for the same if he has intimated his Aadhar in lieu PAN. Further, assessees not possessing PAN can apply for it by intimating his Aadhaar only, […] Read More >>



Clarifications with respect of filing of ITR for AY 2019-20

Clarifications with respect of filing of ITR for AY 2019-20

(Date: 10/8/2019)

The Income-tax return (ITR) forms for the Assessment Year 2019-20 were notified vide notification bearing G.S.R. 279(E) dated the 01-04-2019. Since the release of new forms, various queries have been raised by the stakeholders in respect of filling-up of the ITR forms. In order to address such queries, the board has issued certain clarification mentioned in the document annexed below.

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