Monthly Archive: February 2021

GST (GOODS AND SERVICES TAX) – CHANGES IN BUDGET 2021

Amendments carried out in the Finance Bill, 2021, will come into effect from the date when the same will be notified (except where specifically mentioned otherwise), as far as...

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INCOME TAX – MAJOR CHANGES IN BUDGET, 2021 FOR F. Y. 2021-22 (A.Y. 2022-23)

1. Exemption from filing income tax returns for senior citizens (75 years and above) who only have pension and interest income. The paying bank will deduct the necessary tax...

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BUDGET 2021 : GST – DETENTION, SEIZURE AND RELEASE OF GOODS AND CONVEYANCES IN TRANSIT (Amended Section 129)

The Finance Bill, 2020 has amended Section 129 relating to detention, seizure and release of goods and conveyances in transit. The amended section is noted below for ready reference:- “129...

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DISCLAIMER

The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.