Mittal Ayush & Associates

09/09/2021

Detailed summary chart

09/09/2021

Due dates extended for filing of your current year ITR’s.

01/01/2021

30/12/2020

🌺 *SUMMARY OF DATE EXTENDED TODAY*

Income Tax Returns & Audit Reports filing due dates EXTENDED as below

ITRs (Tax Audit Cases) : 15-02-2021

ITRs (Other than tax audit) : 10-01-2021

Tax Audit Reports :15-01-2021

21/11/2020

A customer asked me how much for Total package (Accounting, GST,income tax, tax planning,tds,advance tax, consultancy, Tax Audit report etc)
𝗠𝗲: Rs 100000 P. A. approximately 😊
𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: Why is it too expensive? all i need is only ITR?
𝗠𝗲: How much do you think it would cost you?
𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: Rs 30000 maximum... It's just easy, right?! all you have to do is take some print out.
𝗠𝗲: hmm okay, maybe you can do it yourself.
𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: but I don't know how...😂
𝗠𝗲: For Rs 30000 I'll teach you, with that, you can save Rs 70000 approximately.You'll get the knowledge that you'll need. 😉
𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: Okay, I'm fine with that. 😁
𝗠𝗲: But to get started: We need some things first:
a Tally software (Rs.56000)
Accountant (Rs.120000 )
Tax software's ( Rs. 30000 +)
Laptop (Rs. 35000)
other office accessories ( Rs.30000 )
(internet, back up, inverter)
𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: Oh my.😣 But I don't have all these equipments. Do I need to buy all of that? I just only need 1 Final ITR copy 😐
𝗠𝗲: ohh!! sorry i totally forgot about equipments .. those things will cost you extra 🙂
𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿: Really? what?😲.. 🤯
When you pay for a job, you pay not only for the work materials, but also:
- Knowledge
- Experience
- Study
- Tools
- Services
- Time to go
- punctuality
- Accountability
- Accuracy
- Guaranteed
- Sacrifices
- Safety and security
No one can denigrate other people's work by judging prices. Only by knowing all the elements necessary for the production of a certain work can you estimate the actual cost.

19/11/2020

Greetings

👉 Gst turnover details reflecting in 26AS :

In view of the amendment to form 26AS of Income Tax , form 26AS is now showing Details of monthly Turnover as per GSTR-3B along with ARN Number and Date of Filing is reflecting.

The taxpayer should verify it before filing of ITR. in case of multiple GSTIN then all such details also would be reflected in 26AS of the taxpayer.

So all data has started synchronizing with PAN Number and Aadhaar Number.

The taxpayer needs to do one more reconciliation to be done at the time of filing of ITR. And if ITR is already been filed, taxpayer needs to reconcile it with ITR.

25/10/2020

*Upates : Due Dates Extension*

⚡ITR Filing date for entities subject to tax audit for AY 20-21 extended to 31st January, 2021

⚡ITR Filing Due date of International Transactions Taxpayers for AY 20-21 extended to 31st January, 2021.

⚡ITR Filing Due Date for other tax payers extended to 31st December, 2020.

⚡Tax Audit Filing date also extended to 31st December, 2020.

⚡GSTR 9, 9C date for FY 2018-19 extended to 31st December, 2020.

10/10/2020

*GSTN has enabled new functionality on portal to request same OTP again*

GSTN has enabled the “RESEND OTP” button on the portal to request the same OTP again. Resend request can be made maximum three times. This will help taxpayers and ease the compliance.

05/10/2020

📢 *TODAY - 05.10.2020*

✅ *42nd GST Council meeting Updates*

📢 Due date of furnishing *quarterly GSTR-1* revised to *13th* of the month succeeding the quarter *w.e.f. 01.01.2021*

📢 *Auto-population of GSTR-3B* liability from own GSTR-1 *w.e.f. 01.01.2021*

📢 *Auto-population of input tax credit* from suppliers’ GSTR-1 through the newly developed facility in *GSTR-2B* for *monthly filers w.e.f. 01.01.2021*
and for *quarterly filers w.e.f. 01.04.2021*

📢 *GSTR-1* mandatorily required to be filed *before GSTR-3B w.e.f. 01.04.2021*

📢 The present GSTR-1/3B return filing system to be extended till 31.03.2021.

📢 Smalltaxpayers having *aggregate annual turnover < Rs. 5 cr.*, allowing *filing of returns on a quarterly basis* with *monthlypayments* *w.e.f. 01.01.2021*.

📢 First 2 months of the quarter, have an option to *pay 35%* of
the *net cash tax liability* of the *last quarter* using an *auto generated challan*.

📢 *GSTR-1 w.e.f. 01.04.2021* *HSN/SAC at 6 digits* for AT above Rs. 5 crores;*HSN/SAC at 4 digits for B2B*, AT upto Rs. 5 crores.

📢 Furnishing of *Nil CMP-08 through SMS*

🎯 *Refund to be paid/disbursed* in a validated *bank account linked with the PAN& Aadhaar* of the registrant *w.e.f 01.01.2021*.

🎯 Satellite launch services supplied by ISRO, Antrix Corporation Ltd. and NSIL would be exempted.