Category : Latest
Extension of last date for complying with the mandatory CPE hours’ requirements for the Calendar Year 2021 either in physical/offline mode or in virtual mode through VCM/DLH – from 31st December, 2021 to 28th February, 2022
Dear Member, In view of impact of Covid-19 across the world and the difficulties faced by Members for completing their mandatory CPE hours’ requirements during...
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
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
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)
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
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
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
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
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)
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)
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
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
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
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
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)
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
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
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...
MCA extends timeline to conduct Annual General Meeting
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....
CBDT amends section 194A with respect to the receiver as specified in section 10(26) of Income tax act
—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...
CBDT has extended PAN AADHAR linking and date of completion of penalty proceedings
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
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
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
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
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.
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...