Category: Updates

Explore the tweet by Income Tax Department about the requirement of validated bank account for expediting refunds to taxpayers.

ICAI has released Revised Guidance Note (2023 Edition) on Tax Audit under Section 44AB of the Income Tax Act, 1961, incorporating amendments by Finance Act, 2023.

Explore CBDT Notification 73/2023 regarding procedure under New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71.

Explore the GSTN Advisory on New Feature at GST Portal "Electronic Credit Reversal and Reclaimed Statement" along with opening balance reporting and amendment guidelines.

Explore CBDT Notification 70/2023 about new I-T Rules 13 and 13A, as well as new I-T Forms 6C and 6CA under Income-tax Rules, 1962.

Explore the GSTN advisory on biometric-based Aadhaar authentication for GST applications, effective from 30/08/2023. Functionality begins in Puducherry, involving GSK visits for registration completion.

CBIC notifies extensions of due dates for Manipur taxpayers in respect of returns in Forms GSTR-1, GSTR-3B and GSTR-7 for April, May, June & July 2023.

Explore the ICAI Announcement on exemptions from appearing in certain papers or groups of CA Final/Intermediate Exams under the New Scheme from May 2024.

MCA has introduced Condonation Scheme for Delay in Filing LLP Forms 3, 4 & 11, in view of difficulties being faced by stakeholders.

Government has notified the Central Goods and Services Tax (CGST) Amendment Act, 2023, vide Notification dated 18/08/2023.