Instant PAN allotment is a reality
April 16, 2021  14:01
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Information: Courtesy, Dr Raj Chawla (CA): 

1. CBDT has made instant PAN allotment in near to real time available at free of cost. Individuals (other than minors) with a valid Aadhaar number (with updated mobile number) can avail the PAN allotment facility.  

2. Income Tax : For indexation of cost, effective date is date of allotment of property. Case Name : L. Vivekananda M/s. Vivek Hotels Vs ACIT (ITAT Bangalore).

3. Indirect tax collections up by 12% in FY 2020-21; GST down by 8% amid Covid-19. 
GSTN: Clarification on reporting 4-digit/6-digit HSNs. 
GSTN: New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme. 
GSTN: Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme. 

4. MCA due date for DIN KYC is 30/09/2021, kindly get all KYC done in time, failing which there will be late fees of Rs 5000.
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