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Functionality to search and view Advance Ruling Orders under GST
Functionality to search and view Advance Ruling Orders ♦ Earlier, there was no functionality available to search for the Advance Ruling Orders issued by the Authority / Appellate Authority for Advance...
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Option in Form RFD-01 to get refund arising out of excess payment in GSTR 4
, for Taxpayer under Composition levy • Earlier the taxpayers who had opted for Composition levy were not able to file for refund in Form GST RFD-01 under refund category ‘Excess payment of Tax, if an...
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Taxpayer allowed to enter multiple trade names for a single GST registration
Allow taxpayer to enter multiple trade names · Earlier only a single Trade Name was being captured during New GST Registrations and subsequent amendment in core field for Normal Taxpayer on the Portal...
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System verified flow of ITC & Simple GST Return yet to be implemented: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA NEW DELHI | 8th AUGUST, 2022 AUDIT REPORT NO. 5 ON GST PRESENTED Compliance Audit Report of the Comptroller and Auditor General of India on Goods...
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4,32,796 companies struck off down during last five years
Ministry of Corporate Affairs Posted On: 08 AUG 2022 7:08PM by PIB Delhi Section 248 of the Companies Act, 2013 (the Act) provides for removal of name of company from the Register of companies, if it...
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Maharashtra GST busts fake ITC racket
Operator of three firms arrested for fake bills worth Rs.231.49 cr.Maharashtra Goods & Service Tax Department has arrested Mr. Brijesh Vanitlal Shah, age- 48, operator of M/s. Om Impex and two other f...
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CAG report on Income Tax Exemptions to Charitable Trusts & Institutions
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIANEW DELHI | 8th AUGUST, 2022PERFORMANCE AUDIT ON EXEMPTIONS TO CHARITABLE TRUSTS AND INSTITUTIONS TABLEDThe Comptroller & Auditor General of India...
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ITR & TAR not capture details of export & import by Gems & Jewellery sector: CAG
OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIANEW DELHI | 8th AUGUST, 2022PERFORMANCE AUDIT ON ASSESSMENT OF ASSESSEES OF GEMS AND JEWELLERY SECTOR TABLEDThe Comptroller & Auditor General of I...
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TDS Rate Chart for Financial Year 2022-2023
Article explains TDS Rates for Financial year 2022-23 i.e. Assessment Year 2023-24 under Income Tax Act, 1961. Article contains TDS Rate Chart, Threshold limit for TDS deduction, Rate of Surcharge, Ce...
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Exposure Draft of Compendium of Social Audit Standards – for Comments
Sustainability Reporting Standards Board The Institute of Chartered Accountants of India 5th August, 2022 “Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Third...
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Technical Guide on Filing Forms for LLPs and Companies
ICAI Technical Guide on Filing Forms for LLPs and Companies#1: Form-11 (Annual Return of LLPs) The Ministry of Corporate Affairs (MCA) is in the process of upgrading the MCA 21 portal to a newer Versi...
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One arrested for fraudulently availing ITC of more than Rs 50 crore
CGST Delhi West officials arrest one for fraudulently availing ITC of more than Rs 50 crore On the basis of an alert, an investigation against M/s Niyati Steels has been undertaken by CGST Delhi West...
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Advisory for Anonymised Escalation Mechanism for delayed Bill of Entry
Directorate General of Systems and Data Management CENTRAL BOARD OF INDIRECT TAXES & CUSTOMS Date: 2nd August 2022 Category: Customs Issued by: ICEGATE Subject: Advisory for Anonymised Escalation Mech...
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SOP for Faceless Income Tax Assessment under Section 144B
Standard Operating Procedure (SOP) for Assessment Unit (AU), Verification Unit (VU), Technical Unit (TU) and Review Unit (RU) under the Faceless Assessment provisions of Section 144B of the Income-tax...
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CBDT notifies Qatar Holding LLC as sovereign wealth fund U/s. 10(23FE)
CBDT notifies sovereign wealth fund, namely, Qatar Holding LLC vide Notification No. 93/2022-Income Tax | Dated: 5th August, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT...
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CBDT notifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased
CBDT specifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased ide Notification No. 92/2022-Income Tax | Dated: 5th August, 2022. Clause (...
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Amount received for Covid-19 Treatment from any person- CBDT notifies conditions & Forms
Clause (XII) of the first proviso of clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 provides that any sum of money received by an individual, from any person, in respect of an...
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Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment
CBDT specifies Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment vide Notification No. 90/2022-Income Tax, Dated: 05.08.2022 Ministry of Finance (Departmen...
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Income Tax searches an ex-fund manager in Mumbai
Income Tax Department conducts searches in Mumbai The Income Tax Department carried out a search and seizure operation on 28.07.2022 on an ex-fund manager and chief trader of equities of a prominent m...
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Draft IRDAI (Regulatory Sandbox) (Amendment) Regulations, 2022
Insurance Regulatory and Development Authority of India EXPOSURE DRAFT INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (REGULATORY SANDBOX) (AMENDMENT) REGULATIONS, 2022 1. The Authority has n...