CBIC notifies GST rate for COVID related medicines
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) (hereafter...
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 notifies GST rates on services related to AFC Women’s Asia Cup 2022
In exercise of the powers conferred by sub-sections (3) and (4) of section 9, sub-section (1) of section 11, sub-section (5) of section 15 and...
CBIC clarifies the applicability of sub rule (1A) of Rule 89 for refund
Representations have been received seeking clarification on the issues in respect of refund of tax wrongfully paid as specified in section 77(1) of the Central...
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...
Analysis of Section 44AB of Income Tax Act for FY 2020-21
Introduction Section 44AB of the Income tax act requires the assessee to get his accounts audited from a Chartered Accountant if any of the following...
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)
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...
Income Tax Department conducts searches in Ahmedabad
The Income Tax Department carried out a search and seizure operation on 08.09.2021 on a group based in Ahmedabad. The group is among one of...
Income Tax Department conducts searches in Punjab and Haryana
The Income Tax Department conducted search and seizure operations on 08.09.2021 on three prominent Commission agent groups based in Punjab, covering many premises across Punjab...