Read more about Late fee relief to non-filers of GST returns to help small biz: Experts on Business Standard. The rationalisation of late fees for delayed filing of monthly GST returns will give relief to small businesses and add to the government revenue, according to tax experts
The late fee for non-furnishing of GSTR-3B for July 2017 to April 2021 has been capped at Rs 500 per return for those taxpayers who did not have any tax liability.
On Wednesday, Dec. 23, the City of Kansas City, Mo. notified taxpayers of tax-related changes that begin January 1, 2021.
“We want Kansas City, Missouri, taxpayers to be ready to make the necessary adjustments,” according to the press release.
Here are the new requirements that will affect taxpayers and businesses for the upcoming tax year:
All withholding returns must be filed electronically. If you don’t file electronically, you may be penalized. Included in this requirement are the Employer’s Quarterly Return of Earnings Withheld (Form RD-110), the Employer’s Annual Reconciliation of Earnings Tax Withheld (Form RD-113), and submission of W2 records.