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SCN Reply - Request to Hold Demand in Abeyance Following GST Council's Waiver Decision
Date: [Insert Date]To: [Assessing Officer's Name][Designation][Address of the Tax Office] Subject: Request to Hold Demand in Abeyance Following GST Council's Waiver Decision on Interest and Penalty un...
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CPC (TDS) Reminder: File TDS Statement 26Q for Q4 F.Y. 2023-24 Now
CPC (TDS) Reminder Communication to Deductors: TDS Statement filed for 26Q Quarter 4 F.Y. 2022-23, not filed yet for Quarter 4 F.Y. 2023-24 As per the records of the Centralized Processing Cell (TDS),...
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GST Council Newsletter May 2024
In the GST Council Newsletter for May 2024, it was reported that the gross GST revenue collected for the month reached ₹1.73 lakh crore, marking a 10% increase compared to the same period last year. T...
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Changes on e-filing portal and Common issues while filing ITR
The update session focused on several key changes and enhancements in the Income Tax Return (ITR) filing process for Assessment Year 2024-25. Major updates included adjustments to bank account validat...
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Recommendations of 53rd GST Council Meeting: Comments and Checklist
In a landmark meeting, the 53rd GST Council has unveiled a series of game-changing recommendations that promise to reshape the landscape of indirect taxation in India. From easing compliance burdens t...
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DGFT Implements Faceless Automation for Input Output Norms
Introduction: The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, has taken a significant step towards modernizing foreign trade procedures by implementing a sy...
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28 Recommendations of 53rd GST Council Meeting
Ministry of Finance Recommendations of 53rd GST Council Meeting GST Council recommends waiving interest and penalties for demand notices issued under Section 73 of the CGST Act (i.e. the cases not inv...
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FAQs on ITR-7
ITR-7 is a specific income tax return form in India used by entities including companies, political parties, and charitable institutions to file their returns under certain sections of the Income Tax...
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Exposure Draft on Proposed Revisions to ‘IES 2, 3 & 4 – Sustainability’
The Institute of Chartered Accountants of India (ICAI), as a member of IFAC, plays a significant role in advocating for high-quality global accountancy education through its participation in IPAE. IPA...
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ICSI Announcement: Additional Attempt for 2017 Old Syllabus Students
The Institute of Company Secretaries of India (ICSI) has recently made a significant announcement affecting students enrolled in the Executive and Professional Programme under the 2017 old syllabus. T...
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Section 10(46) exemption to Kerala Co-operative Deposit Guarantee Fund Board
The Ministry of Finance, under the Central Board of Direct Taxes, has issued Notification No. 51/2024-Income Tax on June 12, 2024, under section 10(46) of the Income Tax Act, 1961. This notification p...
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SCN Reply - Response to Notice ADT-01 and Show Cause Notice under Section 122 of GGST Act 2017.
Response to Notice ADT-01 and Show Cause Notice under Section 122 of GGST Act 2017 Date: __________To,Assistant Commissioner,State Tax Officer-1 (Audit Cell)Division-12GandhidhamSubject: Response to N...
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SCN Reply - Request for Transfer of Tax Paid Under IGST Head to CGST and SGST Heads.
Request for Transfer of Tax Paid Under IGST Head to CGST and SGST Heads [Date]To,¶The Assistant Commissioner¶GST Department¶[Department Address]¶[City, State, ZIP Code]Subject: Request for Transfer of...
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Is Reverse Charge Transaction Covered Under E-Invoicing?
Unlock the Secrets of E-Invoicing for Reverse Charge Transactions: What You Need to KnowNavigating the complexities of GST can be challenging, especially when it comes to understanding the intricacies...
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SCN Reply - Reply to Notice Received Under Section 271AAC(1) of the Income Tax Act, 1961.
Reply to Notice Received Under Section 271AAC(1) of the Income Tax Act, 1961[Date]To,¶The Assessing Officer,¶[Address of the Income Tax Office]¶[City, State, ZIP Code]Subject: Reply to Notice Received...
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SCN Reply - Response to Notice under Section 274 read with Section 270A.
Response to Notice under Section 274 read with Section 270A [Date]To¶The Income Tax Officer¶[Income Tax Department Address]¶[City, State, ZIP Code]Subject: Response to Notice under Section 274 read wi...
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Form 10-IEA: A Comprehensive Guide.
Form 10-IEA: A Comprehensive GuideStaying informed is crucial in the ever-evolving landscape of Indian taxation. Our latest comprehensive guide to Form 10-IEA is an indispensable resource for taxpayer...
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Key Income Tax Deadlines for June 2024
7 June 2024 Last date for depositing Tax Deducted/Collected at Source (TDS/TCS) for May 2024. Government offices must pay the tax to the Central Government on the same day without an Income-tax Challa...
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Draft amendments to CCI (General) Regulations, 2009
BACKGROUND NOTE: DRAFT AMENDMENTS TO THE COMPETITION COMMISSION OF INDIA (GENERAL) REGULATIONS, 2009 1. The Competition Act, 2002 (the ‘Act’) aims to prevent practices having an adverse effect on comp...
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ICSI Advisory on penalties for misusing ‘CS’ designation
The Institute of Company Secretaries of India (ICSI) has issued an important advisory to its students and other individuals regarding the misuse of the ‘CS’ prefix and related designations. This advis...