Category: Updates
CBIC has issued clarification on issues related with refunds of unutilized input tax credit (ITC), accumulated due to an inverted duty structure, u/s 54(3) read with Rule 89(5) and …
In accordance with the plans to mandate the peer review process in a phased manner, the ICAI has mandated Phase I (beginning on April 1, 2022) and Phase II …
Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, approved India’s first sovereign “Green Bond” framework. This approval will strengthen the Paris Agreement’s NDC targets and attract foreign …
The CBDT has put out Explanatory Notes to the provisions of the Finance Act, 2022, mostly to explain the changes and new rules about income tax (see Circular 23/2022). …
The CBDT has extended the last date for submitting the TDS Return/ Statement in Revised/ Updated Form 26Q, relating to non-salary deductions of tax at source, for the second …
The CBDT has notified that the due date for filing Income Tax Return (ITR) u/s 139(1) for Assessment Year (AY) 2022-23 has been extended from 31/10/2022 to 07/11/2022 for …
The ICAI has issued an advisory to its members regarding the use of prefix ‘CA’ in the name or the designation as ‘Chartered Accountant’, when expressing opinions/ views on …
CBIC has notified that the due date for filing the return in Form GSTR-3B for the month of September 2022 has been extended up to October 21, 2022 in …
The GST Council has issued an Office Memorandum (OM) dated 19/10/2022 pertaining to clarification on the Authority regarding Show Cause Notice (SCN) and recurring SCN in case of Central …
The Ministry of MSME, Government of India, now permits registered MSMEs to take advantage of non-tax benefits for an extended period of three years, as opposed to the previous …
