Starting March 1, businesses with turnovers exceeding Rs 5 crore will be required to include e-invoice details for all B2B transactions when generating e-way bills. This measure aims to address discrepancies between e-way bills and e-invoice statements by ensuring that the two are linked for B2B and B2E transactions.
The Supreme Court of India has upheld the order of the Patna High Court to dismiss a writ petition that was filed by a taxpayer against a GST assessment order. This will have wide ramifications for Small Medium Enterprises, Micro, Small & Medium Enterprises, ‘small business persons and professionals.
federal deposit insurance corporation. this is an important point. no losses will be born by the t taxpayers. reporter: the biden administration saying its move is not a bailout of the banks like we saw in the 2008 financial crisis, but, rather, a decision to protect bank customers. the money to pay the uninsured depositors, such as it s needed, will come from a deposit insurance fund paid for by the banks. reporter: the news is welcome relief for ben kaufman, founder and ceo of kid store camp. most of his company s money was in svb when the beeank went undr we were panicked. we didn t know how we were going to make end s meet in the coming weeks. reporter: desperate to raise cash, his company slashed prices by 40% we sent out an email with a discount code. the code was bank run. reporter: markets closed mix as concern over what comes next for the smaller banks took a toll the stock value for regional banks declined more than 12% the white house had no choice
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COVID relief: Govt allows businesses to verify monthly GST returns through EVC till May 31
The government has allowed businesses to verify through electronic verification code monthly GST returns filed till May 31.
In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said any registered person during the period from April 21, 2021, to May 31, 2021, will be allowed to furnish the return in Form GSTR-3B and details of outward supplies in Form GSTR-1 verified through electronic verification code (EVC).
Currently, businesses are required to digitally sign the GSTR-3B form while filing the monthly return and paying taxes. However, with offices shut due to the lockdown, businesses are unable to generate a digital signature that has led to delay in filing returns.
are doing extremely well, we re talking about 0.2% of american households. right? so 98 excuse me 99.8% of t taxpayers will not pay an additional dime. yep. but we think it s important that we move our country forward. that we make these important investments. and we re asking those who have the most to do more for everybody else in the country. the idea is to raise wages and close the income gap. do it by making these important investments so everybody can succeed. so where do you fall in the various other proposals that are out there? congresswoman alexandria ocasio-cortez has suggested a higher marginal tax rate on high earners. elizabeth warren has her proposals. bernie sanders has his proposals. where does this fit into that larger discussion? well, this would effectively be a higher marginal tax rate on