Category : Latest

Income Tax Latest

Income tax issues guidelines under sub section (4) of section 194O, sub section (3) of section 194Q and sub section (1-I) of section 206C of Income Tax Act

Team Taxcharcha27/11/2021

by Team Taxcharcha27/11/20210758

The Income Tax Department has issued the Guidelines under sub section (4) of section 194-O, sub section (3) of section 194-Q and sub section (1-I)...

ICAI releases the schedule for Information Systems Audit Test

Team Taxcharcha21/11/2021

by Team Taxcharcha21/11/20210561

The Institute of Chartered Accountants of India (ICAI) has released the schedule of Information Systems Audit examination (ISA). The ISA test will be held on...

Further Extension of Last Date for Submitting MEF 2021-22 from November 20 to November 25, 2021 – (20-11-2021)

Team Taxcharcha21/11/2021

by Team Taxcharcha21/11/20210541

The Professional Development Committee has extended the last date for submitting the Multi-Purpose Empanelment Form (2021-22) for the year 2021-22 from 20th November 2021 to...

CBIC issues GST rate notifications

Team Taxcharcha21/11/2021

by Team Taxcharcha21/11/20210647

The Central Board of Indirect Taxes and Customs (CBIC) has issued the various notifications regarding the GST rate changes. Notification No. 14/2021 – Central Tax...

CBIC issues clarification on GST refund related issues

Team Taxcharcha20/11/2021

by Team Taxcharcha20/11/20210499

Various representations have been received from taxpayers and other stakeholders seeking clarification in respect of certain issues relating to refund. The issues have been examined....

Circular No. 165/21/2021-GST – No requirement of QR code if the payment is received in convertible foreign currency or in Indian Rupees as permitted by RBI

Team Taxcharcha19/11/2021

by Team Taxcharcha19/11/20210528

On 17th November 2021, the CBIC has released the clarification vide Circular No. 165/21/2021 – GST, In the clarification, it has been specifically stated that...

CBIC amends Notification No. 39/2017 – Central tax rate

Team Taxcharcha07/10/2021

by Team Taxcharcha07/10/20210718

In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the...

CBIC amends Notification No. 4/2017 – Central Tax (Rate)

Team Taxcharcha07/10/2021

by Team Taxcharcha07/10/20210524

In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the...

CBIC amends Notification No. 2/2017 – Central Tax (Rate)

Team Taxcharcha07/10/2021

by Team Taxcharcha07/10/20210561

In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the...

CBIC notifies change in GST rate of goods

Team Taxcharcha07/10/2021

by Team Taxcharcha07/10/20210589

In exercise of the powers conferred by sub-section (1) of section 9 and sub- section (5) of section 15 of the Central Goods and Services...

CBIC clarifies non requirement of AADHAR authentication for persons referred in Notification No. 03/2021-Central Tax

Team Taxcharcha07/10/2021

by Team Taxcharcha07/10/20210459

The CBIC has notified the amendment in Notification No. 3/2021-Central tax stated that the persons referred in that Notification are excluded from getting the AADHAR...

CBIC notifies AADHAR authentication for various purposes, insertion of Sub Rule (1A) to Rule 89

Team Taxcharcha07/10/2021

by Team Taxcharcha07/10/20210431

In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on...

CBIC clarifies export of services for establishment of distinct persons

Team Taxcharcha07/10/2021

by Team Taxcharcha07/10/20210485

The Central Board of Indirect Taxes and Customs (CBIC) has notified the Circular No. 161/17/2021 in which the ambiguity regarding the export of services to...

CBIC changes the rate of various services vide Notification No. 06/2021 – Central Tax (Rate)

Team Taxcharcha01/10/202101/10/2021

by Team Taxcharcha01/10/202101/10/20210467

The Central Board of Indirect Taxes and Customs (CBIC) ha notified the Notification No. 06/2021 – Central Tax (Rate) in which the following changes have...

CBIC clarifies issues related to claiming ITC of debit note, carrying of e-invoice with e-way bill and refund of NIL rate of export duty

Team Taxcharcha26/09/2021

by Team Taxcharcha26/09/20210458

The Central Board of Indirect Taxes and Customs (CBIC) has notified the circular in which clarifications have been issued for various items which are as...

CBIC clarifies the doubts over Intermediary services

Team Taxcharcha26/09/202126/09/2021

by Team Taxcharcha26/09/202126/09/20210437

The Central Board of Indirect Taxes and Customs (CBIC) has issued the circular no. 159/15/2021 – GST clarifying the doubts related to Intermediary services. In...

Company Law Latest

MCA extends timeline to conduct Annual General Meeting

Team Taxcharcha23/09/202123/09/2021

by Team Taxcharcha23/09/202123/09/20210660

Ministry of Corporate Affairs has extended the timeline to conduct the Annual General Meeting of the Companies for the Financial Year ended on 31-03-2021....

Income Tax Latest

CBDT amends section 194A with respect to the receiver as specified in section 10(26) of Income tax act

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210787

—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies...

Income Tax Latest

CBDT has extended PAN AADHAR linking and date of completion of penalty proceedings

Team Taxcharcha17/09/202117/09/2021

by Team Taxcharcha17/09/202117/09/202101354

In views of the difficulties being faced by the stakeholders on account of COVID 19 pandemic, the CBDT has extended the following deadlines:- a. PAN...

ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210684

Standard on Quality Control (SQC 1) on Retention Period for Engagement Documentation (Working Papers) requires firms to establish policies and procedures for the timely completion...

Recommendations relating to GST laws and procedures in 45th GST Council Meeting

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210820

There are various recommendations relating to GST laws and procedures which have been recommended by the 45th GST Council Meeting which are as follows:- In...

Relaxation in the requirement of filing of Form GST ITC 04

Team Taxcharcha17/09/202117/09/2021

by Team Taxcharcha17/09/202117/09/20210873

In the 45th GST Council Meeting, it has been recommended that there has been a relaxation in the filing of Form ITC 04. Requirement of...

Recommendations relating to GST rates on goods and services

Team Taxcharcha17/09/202117/09/2021

by Team Taxcharcha17/09/202117/09/202101138

In the 45th GST Council Meeting headed by Union Finance Minister Smt. Nirmala Sitharaman, various rate changes have been discussed and recommended by the GST...

Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services.

Team Taxcharcha17/09/2021

by Team Taxcharcha17/09/20210474

1. Representations have been received from various trade bodies stating that they are not able to generate EWB bill for movement of those goods where...

G.S.T GST Latest Recent Case Laws

The Supreme Court affirms the decision of Madras High Court wherein it was held that Rule 89(5) does not restrict itself to ITC on goods but it also includes ITC on services while claiming refund under Inverted Duty Structure. (13-09-2021)

Team Taxcharcha15/09/202115/09/2021

by Team Taxcharcha15/09/202115/09/20210505

Facts of the Case Writ petitions under Article 226 of the Constitution were instituted before the High Court of Gujarat and the High Court of...