Legal Updates

Extension Of Date For Filing Returns Under The Maharashtra State Tax On Professions, Trades, Callings And Employments Act, 1975

The Government of Maharashtra vide notification No. PFT-1222/C.R.8/Taxation-3 extended the last date of filing returns for employers, who could not pay taxes or upload returns due to technical difficulties of the automation system, under the Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975, from March 2022 to May 31st, 2022.

Relaxation of time limit for depositing and filing ESI Contribution

The Employees’ State Insurance Corporation (ESIC) vide a circular dated April 13, 2022 has relaxed the provision as entered in regulations 26 & 31 of the Employees State Insurance (General) Regulations, 1950. In this regard as a onetime opportunity, employers are allowed to: deposit contribution for the month of March 2022 up to April 30, …

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GST Changes ( E commerce operator) in India- 2022

The notification dated November 18, 2021 has amended a previous notification dated June 28, 2017 wherein: A proviso in entry 15 to item (b) and (c) has been added whereby passenger transportation services mediated by an e-commerce platform in a non-air conditioned contract carriage or a stage carriage has been brought under the GST net. Proviso to entry 17 …

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Cryptocurrency Taxed at 30% from April 1, 2022: Latest updates

India is implementing a 30 percent tax rate on income from virtual digital assets, such as cryptocurrency and NFT. For this purpose, section 115BBH has been inserted into the Income-tax Act, 1961. While the taxation will be effective from April 1, 2022, cryptocurrency transactions for the previous fiscal year (FY 2021-22 period) will also be …

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