Email from GSTN (noreply@gstn.gov.in) – Registered persons whoes Aggregate turnover being more than Rs. 5 Cr during FY 2019-20 has received an email from GST Department (GSTN)
You may have received an email from GSTN on 04/05th August, 2020 about Aggregate turnover being more than Rs. 5 Cr during FY 2019-20. Here we will discuss few take aways and Action points the registered person under GST needs to take in mind (Sample e-mail received from the GST department has been attached at the end of this article).
The summary and probable explanation of the email is as under –
Aggregate turnover for the financial year 2019-20 has been computed by GST system based on the returns filed in Form GSTR-3B by all registrations on the common PAN which exceeds Rs. 5 Cr. The returns of FY 2019-20 filed upto 25th July, 2020 have been considered for the said computation. Read More
What is Form 26AS?
Form 26AS, popularly known as the Tax Passbook is an annual statement in which the details of tax credit against the PAN of the taxpayer are reflected. Various details like
- TDS/TCS
- Advance tax/Self assessment tax
- Refund claims etc
Are generally updated in the form on a Quarterly basis, which shall help the taxpayer in filing the ITR at the end of the year. Read More
Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. Read More
Notification no 61/2020 for your reference:
TAX DEDUCTION AT SOURCE ( TDS ) ON CASH WITHDRAWAL
( After Amendment in Sec 194N of the Income Tax Act, 1961 )
Section 194N at Glance
GST Return Filing due date from February to July 2020
