Tag: Interest and Penalty

RBI's new guidelines on penal charges in lan accounts to ensure fairness, transparency, and credit discipline, effective from January 1, 2024.

CBIC clears the confusion around interest charges for wrong IGST credit under GST. Stay compliant and understand the rules to avoid penalties. Read now.

Discover the implications of the Supreme Court's ruling in the US Technologies International Pvt. Ltd. vs CIT case, which clarifies penalties u/s 271C for delayed TDS deposits.

CBDT prescribes procedure for handling of assessment/ penalties by Jurisdictional Assessing Officers in cases transferred out of Faceless Assessment/ Faceless Penalty proceedings under the Income-tax Act, 1961. Also CBDT …

GST Council, in its 40th Meeting held on 12/06/2020 has recommended to reduce/ waive the interest/ late fee for delayed filing of GSTR 3B by small taxpayers (having turnover …

EPFO has provided relief to employers from levy of penal damages for any delay in deposit of PF contribution(s)/ administrative charges due for the period during Lockdown (COVID-19). No …

CBIC notifies to waive the late filing fee in respect of GSTR 1 & 6 (July 2019) provided the same is filed upto 20/09/2019, in the case of taxpayers …

GSTR-4 was required to be filed by Composition dealers on a quarterly basis upto FY 2018-29. Later the periodicity of GSTR-4 has been reset, to be filed on Annual …

In line with recommendations of the GST Council, CBEC notifies Reduction of Late Fee for Delayed filing of FORM GSTR-1, GSTR-5, GSTR-5A* and GSTR-6, i.e. Late fee in such …

CBEC notifies revised/ reduced late fee for delayed filing of GSTR-3B, as recommended by the GST Council. Now the taxpayers shall pay reduced late fee of Rs. 50 per …