GSTN Advisory No 611 Dt. 4 November 2023 GSTN Advisory No. 611: In a recent advisory dated November 4, 2023, the Goods and Services Tax Network (GSTN) has informed to the taxpayers about a significant change in the GST registration …
CBIC Notification 53/2023 Dt. 2 November 2023 CBIC Notification 53: The Central Board of Indirect Taxes and Customs (CBIC), on recommendation of the GST Council, notified that the taxable persons who could not file an appeal against the order passed …
CBDT Notification No. 94/2023- Form ITR-7 Changed for AY 2023-24 CBDT Notification No. 94/2023: The Central Board of Direct Taxes (CBDT) vide its Notification No.94/2023 Dated. 31st October 2023 has notified some amendment in Form ITR-7 in PART-B, for the …
CBIC Circular No. 206/18/2023 Dated. 31 October 2023 CBIC Circular 206/18/2023-GST: Based on the recommendations of the GST Council in its 52nd meeting held on 7 October, 2023, at New Delhi, the Tax Research Unit (TRU) of the Department of …
CBIC Circular 205/17/2023 Dated. 31 October 2023 CBIC Circular 205/17/2023: In its 50th meeting, the GST Council recommended a reduction in the GST rate to 5% for imitation zari thread or yarn, known by various trade names. This important clarification …
CBIC Circular No. 204/16/2023 Dated. 27 October 2023 CBIC Circular 204/16/2023 (GST): The trade and field formations have recently reached out with questions regarding the tax implications of providing personal bank guarantees by Directors to secure credit facilities for their …
CBIC Circular No. 203/15/2023 Dt. 27 October 2023 The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular 203/15/2023 to provide clarity on determining the place of supply for specific services, namely transportation of goods, advertising services, and …
CBIC Circular 202/14/2023 Dt. 27 October 2023 CBIC Circular 202/14/2023: In response to numerous requests for clarification regarding the admissibility of receiving export remittances in INR Vostro accounts, as permitted by the Reserve Bank of India (RBI), in the context …
CBIC Notification 52/2023 Dated. 26 October 2023 CBIC Notification 52/2023: The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No. 52/2023 dated.26th October 2023 makes the following rules further to amend the CGST Rules 2017. These rules …
CBDT Circular No.19/2023 Dated. 23 October 2023: Due Date Extended CBDT Circular 19/2023: Many of the domestic companies had failed to file Form No. 10 IC for AY 2021-22 within due time as required under Rule 21AE of the Income …
CBDT Circular No. 18/2023- Due date extended In a move to alleviate the challenges faced by the taxpayers and other stakeholders, the Central Board of Direct Taxes (CBDT) has extended the due date for filing the Report of Accountant (Form …
CBDT Notification No. 91/2023 Dt. 19 October 2023 The Central Board of Direct Taxes (CBDT) vide its Notification No.91/2023 Dated.19th October 2023 has notified about making some further rules to amend the Income Tax Rules 1962. These Rules may be …
DGGI’s Efforts to Combat GST Evasion In its mission to combat GST evasion across India, the Directorate General of GST Intelligence (DGGI) has achieved remarkable milestones from April 2020 to September 2023. DGGI’s vigilant approach has uncovered more than 6,000 …
GSTN Advisory Dt. 17 October 2023 In light of recent amendments to the CGST/SGST Act, the IGST Act, and the CGST/SGST Rules, individuals or entities situated outside the taxable territory, providing online money gaming services to individuals within the taxable …
CBDT Notification No.89/2023: Introduction The Central Board of Direct Taxes (CBDT) vide its Notification No.89/2023 Dated.16th October 2023 has notified some amendments in Rule 37BB of the Income Tax Rules 1962. These Rules may be called the Income Tax (Twenty …
CBIC Clarification on Taxability of Gangajal In response to controversies based on some recent media report on taxability of Gangajal, the official handle of the Central Board of Indirect Taxes (CBIC) in its tweet in social media “X” (previously tweeter) …
In an update on the GST portal on 12th October 2023, GSTN has informed about development of a new functionality in the GST portal for enrolment of unregistered persons for supply of goods through E-Commerce operators. In terms of the …
In an update in the GST portal on 12th October 2023, GSTN has informed about the development of a facility for E-Commerce Operators through whom unregistered persons can supply goods. Under this facility in the GST portal, the GSTN has …
Introduction The Central Board of Direct Taxes (CBDT) vide its Notification No.88/2023 Dated.10th October 2023 has notified some amendments in Rules 114B, 114BA and 114BB of the Income Tax Rules 1962. These Rules may be called the Income Tax (Twenty …
CBDT Circular No. 17/2023 In a recent development, the Central Board of Direct Taxes (CBDT) released Circular No.17/2023 on 9th October 2023, bringing important clarifications on compliance obligations for charitable and religious entities in respect of filing their audit report …