RCM Liability/ITC Statement introduced on GST Portal
RCM Liability/ITC Statement Introduced on GST Portal In August 2024, the GST Portal introduced a new RCM Liability/ITC Statement to
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RCM Liability/ITC Statement Introduced on GST Portal In August 2024, the GST Portal introduced a new RCM Liability/ITC Statement to
E-Invoicing New/Update from 1st April-2025 It is to inform you that the Government has decided to impose a time limit
Locking of Auto-Populated Liability in GSTR-3B Oct 17th, 2024 In order to assist taxpayers in filing their returns and minimizing
GST Notification Regarding RCM on Commercial Properties Key Changes Introduced by Notification No. 09/2024. In exercise of the powers conferred
The Indian entity may lend or invest in any debt instrument issued by a foreign entity or extend non-fund based
Economic survey includes an analysis of the economic performance, key trends, and outlook for the current financial year, along with
CBDT Circular No. 6: Relief for TDS/TCS Deductors on PAN-Aadhaar Linkage The Central Board of Direct Taxes (CBDT) has taken
Implementation of e-Verification Scheme-2021 The e-Verification Scheme-2021 is an initiative by the Government of India to streamline and simplify the
Audit Trail and Back-Up Verification BackGround a.) Additional Reporting for Statutory Auditors: As per the Companies (Audit and Auditors) Rules,
Amendment in Section 115A of Income Tax Act-ROYALTY/FTS BackGround One of the key and major amendments introduced while passing the
Legal Entity Identifier (LEI) The Legal Entity Identifier (LEI) is a unique global identifier for legal entities participating in financial
Dematerialization of Securities by Private Limited Companies The Ministry of Corporate Affairs, vide notification dated October 27, 2023, has made
Failing to file Form 10C Could Lead to Imposition of Higher Rate of Taxes Please find enclosed a recent judgment
Order by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli Registrar of Companies, Gujarat, Dadra & Nagar Haveli has
Revision in Valuation of Rent Free Accommodation Under the Income Tax Act, 1961 The Central Board of Direct Taxes (‘CBDT’)
Updates of 50th GST Council Meeting On July 11, 2023, the 50th GST council meeting was held in New Delhi,
Inoperative PAN : Income Tax Department Issues Clarifications for NRIs, OCIs Several non-resident Indians (NRIs) and Overseas Citizenship of India
Deadlines for Submission of Certain TDS/TCS Statements Extended. The press-release by The Central Board of Direct Taxes dated 28th June,
Key Takeaways from latest CBDT Press Release The Central Board of Direct Taxes clarifies that payments made by an individual
PAN-Aadhaar Linking PAN-Aadhaar Linking is the process of connecting an individual’s Permanent Account Number (PAN) with their Aadhaar number. It
Timelines for Issue of Objections or Suggestions & Confirmation Order w.r.t Mergers or Amalgamations Ministry of Corporate Affairs (MCA) has
Special All India GST Drive to Detect Fake GSTINs CBIC vide Instruction No-01/2023-GST dated 04.05.2023, has announced that a special
Applicability of e-invoicing from August 1, 2023, onwards. On May 10, 2023, the CBIC issued Notification No. 10/2023 – Central
GSTN has issued an updated advisory on time limit for Reporting of E Invoices on the IRP Portal as on
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated April 12, 2023 on time limit for Reporting
The CBIC has notified the much-anticipated amnesty scheme through Central Tax Notifications dated 31st March 2023.
The CBDT vide Notification No. 21/2023, dated 10-04-2023, has notified ‘348’ as the Cost Inflation Index (provisional) for the Financial
Employer to Deduct tax as per new tax regime if employee didn’t intimate about opting of old regime
The Ministry of Finance has notified Mahila Samman Savings Certificate, 2023 that offers 7.5% per annum interest rate on deposit
The Central Board of Direct Taxes(‘CBDT’) has substituted Rule 114AAA to notify consequences that shall apply if a PAN becomes
Enclosed is the press release issued by the Central Board for Direct Taxes (CBDT) regarding PAN to be linked with
A person carrying on designated business or profession under section 2(1)(sa) of the PMLA, 2002 shall include exchange between virtual
The Income-tax Return (ITR) forms for the Assessment Year 2023-24. These forms are applicable for filing the return for income
MCA is launching Second set of Company Forms covering 56 forms in two different lots on updated version (3)
Every year The Central Board of Direct Taxes (‘CBDT’) issues guidelines regarding tax to be deducted at source on salary
In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest
RBI amendment in Master Direction For Import of Goods and Services.
In exercise of the powers conferred by section 247 read with section 458,459 and 469 of the Company’s Act, 2013,
In furtherance to Circular issued by IBBI dated 31/10/2022 and in consequence of amendments in Insolvency and Bankruptcy Board of
IBBI prescribes minimum fees and performance incentive for Interim Resolution Professionals(IRPs)/ Resolution Professionals(RPs) under CIRP Regulations. IBBI has notified the
Removal of Names of Companies from Register of Companies MCA has issued Second Amendment Rule, 2022 in Companies (Removal of
Advance Tax in India The CBIC, via Notification No. 17/2022 – Central Tax dated August 1, 2022, extended the applicability
GST Rate Changes after 47th GST Council Meeting..
The Consumer Affairs Ministry has issued a press release which stipulate that hotels or restaurants shall not add service charge
All non-individual borrowers enjoying aggregate exposure of ₹5 crore and above from banks and financial institutions (FIs) shall be required
