How to File Intimation about Voluntary Payment

Form DRC-03 enables the taxpayers to make voluntary payments. GST payments on the voluntary basis are a facility provided to the taxpayers so that they can make payments under Section 73 or 74 of the CGST Act, 2017. The required payment needs to be made within 30 days of issuance of the Show Cause Notice (SCN). Voluntary payment of Goods and Service Tax can also … Continue reading How to File Intimation about Voluntary Payment

Govt Plans to Exempt Foreign Portfolio Investors from Higher Taxes

HIGHLIGHTS Govt is planning to exempt foreign portfolio investors from an increase in taxes proposed in budget Budget provided for additional surcharge on super rich taxpayers Sources say government will either issue a notification or an executive order to the effect Modi government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the budget approved by Parliament, a … Continue reading Govt Plans to Exempt Foreign Portfolio Investors from Higher Taxes