Press release – Clarification regarding applicability of new tax regime and old tax regime
It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified...
Changes in ITR form V and Acknowlegement for A.Y 2024-25
The Ministry of Finance has released the changed ITR V and ITR acknowledgement for the AY 2024-25. To view and download the Notification, click here...
MCA issues advisory for the filing of CSR form for FY 2022-23
The Ministry of Corporate Affairs (MCA) has issued the advisory regarding the filing of the e form CSR 2 for the FY 2022-23 on or...
Re-Opening Of Correction Window For May 2024 Ca Examinations
In continuation to Important Announcement dated 25th January 2024 and 19th March 2024, in order to facilitate the examinees, who have already applied for May...
Reschedulement Of Chartered Accountant Examinations, May 2024
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2024/03/79588exam635781.odt” comments=”true” SVG=”true”]...
Revised Applicability of Peer Review Mandate (Phase II & III)
The Institute of Chartered Accountants of India (ICAI) has extended the applicability of Peer Review Mandate vide announcement dated 16th March 2024. Phase Category...
ICAI announces the re-scheduling of May 2024 exams
The Institute of Chartered Accountants (ICAI) has made an announcement regarding the re-scheduling of the exams to be held in the month of May 2024....
Delhi GST Department issues Instructions for Rectification of Orders
On 1st March 2024, the Delhi GST Department issued the instructions for rectification of assessment orders. This is the result of agitation being carried out...
ICAI releases GST Acts and Rules – Bare Law – updated upto January 2024
The Institute of Chartered Accountants of India (ICAI) has released the GST Acts and Rules updated upto 22nd January 2024. The earlier version of the...
GSTIN enables Two factor authentication for taxpayers
Advisory: Two-factor Authentication for Taxpayers 1. GSTN is introducing two-factor authentication (2FA) for taxpayers to strengthen the login security in GST portal. The pilot rollout...
Income Tax Department enables Discarded Return option
The Income Tax Department has enabled the feature of “Discarded return” on the Income tax website. The said feature is available for the users from...
Recommendations of 52nd GST Council Meeting
The 52nd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting...
Application Deadline for the National Startup Awards 2023 extended till15th June 2023
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry introduced the National Startup Awards (NSA) in 2020....
₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth
The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST...
Income Tax Update – Changes in the definition of strategic disinvestment
In exercise of the powers conferred by clause (XI) of the proviso to clause (x) of subsection (2) of section 56 read with section 295...
GST Update – Extension of due dates of GSTR 1, GSTR 3B and GSTR 7 for April 2023 in the state of Manipur
The CBIC vide Notification No. 11,12,13 – Central Tax have extended the due dates of furnishing the GSTR1, GSTR 3B and GSTR 7 respectively for...
GST Update – Implementation of e-invoicing for taxpayers having ATO exceeding Rs. 5 Crores
The CBIC vide Notification No. 10/2023-Central Tax has notified that the e-invoicing shall be applicable on the taxpayers having Aggregate Turnover exceeding Rs. 5 Crores...
GST Update – Extension of time limit for issuance of order u/s. 73 of the Act
The CBIC vide Notification No. 9/2023-Central tax has extended the time limit for the issuance of the Notice u/s. 73 of the Act. Financial Year...
GST Update – Amnesty to GSTR-10 non-filers
The CBIC vide Notification No. 8/2023-Central Tax has provided the amnesty to the non filers of GSTR 10. The maximum late fee for filing the...
GST Update – Rationalisation of late fee for GSTR-9 and Amnesty to GSTR-9 non-filers
In the Notification No. 07/2023-Central tax, the CBIC has notified that from FY 2022-23 onwards, the late fee in respect of the filing of GSTR...
GST Update – Amnesty scheme for deemed withdrawal of assessment orders issued under Section 62
The CBIC vide Notification no. 6/2023-Central tax dated 31st March 2023 has notified the Amnesty scheme for deemed withdrawal of assessment order issued under Section...
Standard Operating Procedure for Scrutiny of Returns for FY 2019-20
The Central Board of Indirect Taxes and Customs (CBIC) has issued the Standard Operating Procedure for Scrutiny of Returns for FY 2019-20 on 26th May...
GST Update – Guidelines for Special All-India Drive against fake registrations
The CBIC has issued the guidelines for Special All India Drive against fake registrations which will take place between 16th May 2023 to 15th July...
GST Update – Aadhar authentication and Bio metric verification of Application for the GST registration
In the Notification No. 4/2023 – Central Tax and Notification No. 5/2023-Central Tax, it has been laid down that the provision related to the Aadhar...
Income Tax Update – Regarding date of approval of Section 80G
The Central Board of Direct Taxes (CBDT) have notified the Notification No. 34/2023 dated 30th May 2023 in which it has been specified that the...