The much-awaited clarity on online gaming tax rates is expected at the next meeting of the GST Council, which is likely next month. The council is also set to decide on revising the rates for millets and cement at the meeting. A council meeting in June is...
Under the Income Tax Act, penalties are levied for various defaults committed by a taxpayer. Apart from penalty on defaults like not making payment of Self Assessment Tax, default in payment of taxes, default on furnishing return of income and others, Income Tax department also...
The GSTN issued an Advisory on May 06, 2023, announcing the deferment of the implementation of the time limit for reporting old e-invoices. The competent authority has made the decision to postpone the imposition of a 7-day time limit on reporting old e-invoices on the...
The Model All India GST Audit Manual 2023 has been finalized for use by both the Centre and state tax officials. It aims...
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