Tag : taxcharcha
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 issues clarification on various topics
CBIC vide Circular No. 172/04/2022-GST has issued the clarification on various issues which are as follows:- Refund claimed by the recipients of supplies regarded as...
CBIC extends time limit for issuance of order under section 73(9) of CGST Act
CBIC vide Notification No. 13/2022-Central Tax dated 5th July 2022 has extended the time limit for issuance of order under Section 73(9) of CGST Act...
CBIC extends the waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22
CBIC vide Notification No. 12/2022-Central Tax dated 5th July 2022 has waived the late fee for delay in filing Form GSTR 4 for FY 2021-22...
CBIC notifies extension of due date of filing of Form GST CMP 08 for Q1 of FY 2022-23
CBIC vide Notification No. 11/2022-Central Tax dated 5th July 2022 has extended the due date of filing of Form GST CMP 08 for Q1 of...
Rate changes recommended by 47th GST Council Meeting
In the 47th GST Council Meeting, various rate rationalizations and rate impositions have been recommended which shall be effective with effect from 18-07-2022 which are...
CBDT further extends UDIN updation till 30-9-2022
The Central Board of Direct Taxes (CBDT) has further extended the UDIN updation on the Income tax portal from 30-06-2022 to 30-09-2022. This extension has...
Recommendations of 47th GST Council Meeting
The 47th GST Council Meeting has been concluded on 28th and 29th June 2022 respectively in which various recommendations and decisions regarding the GST rate...
MCA extends Form 11 due date for FY 2021-22 till 15th July 2022
The Ministry of Corporate Affairs (MCA) has extended the due date of Form 11 of FY 2021-22 till 15th July 2022. The said decision has...
Format, Procedure and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT)
The Central Board of Direct Taxes has published the Notification No. 02/2022 in which Format, Procedure and Guidelines for submission of Form No. 1, Form...
PM inaugurates ‘Vanijya Bhawan’ and launches NIRYAT portal
“Dr Shyama Prasad Mukherjee’s policies, decisions, resolve, and their fulfilment were very important in giving direction to independent India”: Prime Minister “Exports play a key...
Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income tax Act 1961
Central Board of Direct Taxes (CBDT) has issued the Circular No. 13/2022 in which certain questions have been answered with respect to the taxability of...
Safe harbour rules for AY 2022-23 for the purpose of Income tax act 1961
The Central Board of Direct Taxes (CBDT) has notified the safe harbour rules for A Y 2022-23 by amending the Rule 10TD(3B) of the Income...
CBDT notifies no deduction of TDS on account of lease of aircraft on payments to units located in IFSC
The Central Board of Direct Taxes (CBDT) has notified the Notification No. 65/2022 in which it has been specified that the payment in the nature...
CBDT notifies additional conditions for exemption of income under section 10 clause 4D
CBDT has issued the Notification No. 64/2022 on 16th June 2022 in which it has been notified that the income attributable to units held by...
Guidelines for removal of difficulties under sub section (2) of section 194R of the Income tax act 1961
From 01-07-2022, a new section for TDS 194R will become effective. So in order to reduce the difficulties of the stakeholders, the CBDT has issued...
Cost Inflation Index for FY 2022-23
The Central Board of Direct Taxes (CBDT) has notified the Cost Inflation Index for FY 2022-23 as 331 vide Notification No. 62/2022. The said notification...
Waiver of Interest for certain E Commerce operators for specified tax periods
The Central Board of Indirect Taxes and Customs (CBIC) has issued the Notification No. 08/2022-Central Tax dated 07-06-2022 in which waiver of Interest has been...
Clause by clause analysis of Proposed scheme of Education and Training by ICAI
Amendments to Chartered Accountants Regulations Certificate of Practice A person shall be eligible for the Certificate of Practice on completion of 1 year of post...
CBDT extends UDIN updation till 30-06-2022
CBDT has further extended the timeline to update the UDIN on the Income tax portal by the Chartered Accountants from 31-05-2022 to 30-06-2022....