Big relief to GST taxpayers (IT) | Late fee on GST returns capped till July to Rs 500 In a major relief to GST taxpayers (IT), the Central Government has decided to cap the maximum late fee for Form GSTR-3B at Rs 500 per return for the tax period July 2017 to July 2020. The reduced fee will be levied only if returns are filed before September 30, 2020, the Central Board of Indirect taxes and Customs (CBIC) said last week (03-Jul-2020) Contact Us (93444 17156) for FREE consultation How to get your GST for your company in Tuticorin, Thoothukudi – Call us at 93444 17156 | Apply for GST online in Tuticorin, Thoothukudi | Get your GST in Tuticorin
Read MoreAuthor: Classic Associates
lassic Associates was established in the year 2016. We “Classic Associates” is a professionally managed Audit Firm operating from our Head Office in Tuticorin and two branch offices at Coimbatore and Chennai. Classic Associates is one of the leading providers of Financial Services, Auditing Services, Online Company Registration, Trademark Registration, Copyright Registration, GST Service Tax Registration, ISO Certification Services, Bookkeeping Services, Patent Registration, GST Registration Firm, ITR Filing, Business Advisory, Financial Services, CA Auditing, LLP registration, OPC registration, Sales tax registration, Online legal documentation.
With a global approach to service delivery, the firm responds to clients complex business challenges with a broad range of services across different industry sectors and national boundaries.
We have 3 offices in Tamil Nadu which includes Tuticorin (Head Office), Coimbatore and Chennai. We have more than 500+ happy customers and serving 50+ industry/company for all their finanical needs.
Central Government further extends tax(IT) compliance deadlines – Check for new updated dates !
The Central Government last Wednesday provided further relief to taxpayers by extending statutory and regulatory compliance deadlines, which were set to expire by June-end. Extensions ranging between one month and three months have been granted on filing income tax returns, filing audit reports, making investments in savings instruments under income tax, issuing of Form 16 by companies to employers besides issuing notices or orders by authorities under various direct taxes and Benami Law. Deadline for linking PAN with Aadhaar has also been extended by three months. Returns of income required to be filed by July 31, and October 31, can be filed to November 30, since due date for IT return for the FY 2019-20 or assessment year 2020-21 has
Read MoreWhat’s exactly stopping you to grow your business?
All our service will help you to keep track of all the figures in your accounts, Wealth creation, Asset Management, Timely Tax filing and much more. Our team of expert accountant will record and evaluate your financial statements concerning your business and give you and overall picture of the business growth. DM your personal number and our expert contact you or you can get in touch with us: www.classicassociate.com | support@classicassociate.com | 93444 17156 #auditing #charteredaccountant #auditors #tuticorin #thoothukudi #gst #bookkeeping #itreturns
Read MoreInteresting facts about PAN CARD
1. Anyone can apply for PAN, including minors and foreigners 2. Applicants can get their PAN allotted quickly (Tatkal) 3. Furnishing father’s name in PAN application not mandatory 4. The 10-digit alphanumeric PAN reveals cardholder’s information 5. PAN Cardholders can know their PAN issue date 6. A PAN card is not a proof of Indian Citizenship. 7. Quoting PAN is essential while filing IT Returns, TDS or any communication with Income Tax Department. 8. Around 43 Crore+ PAN Cards are allotted to individuals, 37% women & 63% male. We help you getting your PAN CARD instantly ! Reach us. Regards, Classic Associates, Tuticorin (Thoothukudi) http://www.classicassociate.com | support@classicassociate.com | 93444 17156
Read MoreCOVID19 News: Govt to give income tax refunds upto 5Lakhs
The Income Tax Dept, on its official Twitter handle, announced that it will issue all pending income tax refunds up to Rs 5 lakhs immediately to individuals and business entities. The decision has come due to the corona-virus lock-down in the country. According to press note of the department, this decision would benefit around 14 lakhs taxpayers. The decision will come as relief for individuals who are facing cash crunch due to pay cuts or job loss or waiting for their salaries or wages to be released by their employers. According to the announcement made, “In context of COVID-19 situation and to grant immediate relief to taxpayers, GOI has decided to issue all pending income tax refunds up
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