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"GST implementation is the big tax reform in India that emerged in 2017 with a 'One Country One Tax' mission.
GST has streamlined the method of tax return filing by incorporating details about products & services from the sellers and buyers. The GST Council, along with the Ministry of Finance, created a GSTN (Goods and Services Tax Network) mechanism where taxpayers properly disclose all the information regarding invoices, transactions, sales, dates, places. "

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llp must file statement of account and solvency by oct 30 2020 to avoid penalty

individual need to file itr if amount deposited in current account exceeds rs. 1 cr. in fy 2019-20

individual need to file itr if foreign travel expenditure is more than 2 lakh in fy 2019-20

Directors must file DIR 3 (KYC) by September 30 2020 to avoid penalty

MSME defination winded furter to include business entities having turnover upto 250 cr. and investment upto 50 cr. as medium enterprises

I Tax Department notifies new ITR form for A.Y. 2020-21