Union Budget 2023 – Increasing threshold limit for co-operatives to withdraw cash without TDS u/s. 194N
Section 194N which specifies the rate of TDS to be deducted in case of cash withdrawal from a banking company, a co-operative society or a...
Author : Team Taxcharcha
Union Budget 2023 – Increasing threshold limits for presumptive taxation schemes
With the introduction of section 44AD and section 44ADA, the Government has always emphasized on the ease of compliance to the Traders and Professionals who...
Union Budget 2023 – Inclusion of timely payments to Micro and Small Enterprises in Section 43B
In the Union Budget 2023, a new provision has been proposed which seems to promote the payments to the Micro and Small enterprises. In the...
Union Budget 2023 – Rebate u/s. 87A enhanced for New Income tax regime
In the Union Budget 2023 introduced by Union Finance Minister Smt. Nirmala Sitharaman on 1st February 2023, the focus has been shifted on promoting the...
Union Budget 2023 – Rationalization in Surcharge Rate for Individuals / HUF / AOP / BOI
In the Finance Bill 2023, the Surcharge for the Individuals or Hindu Undivided Family (HUF) or Association of Persons or Body of Individuals or an...
Union Budget 2023 – Increase in Income tax slab under section 115BAC
Till AY 2022-23, there has been 2 Income tax slabs. One is the old one in which all the deductions can be availed and the...
Finance Bill 2023 and memorandum explaining Finance Bill 2023
Today, on 1st February 2023, the Finance Bill has been presented by Union Finance Minister, Smt. Nirmala Sitharaman ji. To view and download the Finance...
Notification No. 20/2022-Central Tax – Seeks to rescind Notification No. 20/2018-CT dated 28th March, 2018.
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Notification No. 19/2022 – Central Tax – Seeks to make amendments (Second Amendment, 2022) to the CGST Rules, 2017.
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Implementation of E-Invoicing for Turnover more than Rs. 10 Crores
The Central Board of Indirect Taxes and Customs (CBIC) has published the Notification No. 17/2022-Central Tax in which it has been decided that for the...
Extension of due date of filing for DIR 3 KYC
The Ministry of Corporate Affairs (MCA) has extended the due date of the filing of DIR 3 KYC and DIR 3 KYC WEB. Currently, the...
Extension of timeline for filing of various reports of Audit for the A.Y. 2022-23
The Central Board of Direct Taxes (CBDT), vide Circular No. 19/2022 dated 30-09-2022 has extended the due date of furnishing various audit reports whose due...
Notification No. 7/2022 – Central Tax (Rate) – Seeks to amend notification No. 2/2017- Central Tax (Rate)
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Notification No. 6/2022 – Central Tax (Rate) – Seeks to amend notification No. 1/2017- Central Tax (Rate)
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Notification No. 05/2022 – Central Tax (Rate) – Seeks to amend Notification No 13/2017- Central Tax (Rate) dated 28.06.2017
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Notification No. 04/2022 – Central Tax (Rate) – Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017
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Notification No. 03/2022 – Central Tax (Rate) – Seeks to amend Notification No 11/2017- Central Tax (Rate) dated 28.06.2017
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Notification No. 16/2022 – Central Tax – Seeks to amend notification No. 14/2019- Central Tax
Government of India Ministry of Finance (Department of Revenue) Notification No. 16/2022-Central Tax New Delhi, the 13th July, 2022 G.S.R (E).- In exercise of the...
Seeks to amend notification No. 10/2019- Central Tax
Government of India Ministry of Finance (Department of Revenue) Notification No. 15/2022-Central Tax New Delhi, the 13th July, 2022 G.S.R (E).- In exercise of the...
E Invoicing mandatory for Taxable Persons having aggregate turnover exceeding Rs. 10 Crores
E Invoicing means the generation of the Invoices on the GST portal on real time basis along with the generation of E way bill in...
Time period for E verification of Income tax returns have been reduced
The Central Board of Direct Taxes has published the Notification on 29th July 2022 in which the time limit for E verification of Income tax...
CBIC withdraws Circular No. 106/25/2019-GST related to refund of taxes paid on inward supply of indigenous goods
CBIC vide Circular No. 176/08/2022-GST has withdrawn the circular no. 106/25/2019-GST for for refund of taxes paid on inward supply of indigenous goods by retail...
CBIC prescribes manner of filing refund of unutilized ITC on account of export of electricity
CBIC vide Circular No. 175/07/2022 has issued the clarification related to manner of filing refund of unutilized ITC on account of export of electricity. To...
CBIC prescribes manner of re-credit in electronic credit ledger using FORM GST PMT-03A
CBIC vide circular 174/06/2022 has prescribed the manner of re-credit in electronic credit ledger using FORM GST PMT-03A. To access the circular, click here...