10 Apr Approval of outstanding refunds must be completed by April 30, Income Tax Department.
The Income Tax Department has announced a positive development for individuals awaiting their income tax refunds....
News
09 Apr GSTN Issues Important Advisory Regarding Reset and Re-filing of GSTR-3B for Certain Taxpayers
The GSTN has released an important advisory, numbered 629 and dated April 9, 2024, regarding the reset and re-filing of GSTR-3B for specific taxpayers....
09 Apr Collaborative Audits by Central and State GST Authorities Targeting Businesses
Beginning this fiscal year, there will be a collaborative effort between Central and State Goods and Services Tax (GST) authorities to conduct audits within the indirect tax framework....
09 Apr New GSTR-1 Update: GSTN enables Auto HSN Summary Import from E-Invoices for Efficient Filing
In a recent update to the GSTR-1 filing system, a new functionality has been added to "Table 12 - HSN wise summary of outward supplies" specifically aimed at taxpayers who generate e-invoices....
09 Apr Recovery of Fraudulent GST Input Credit Surges to 12% in FY24
The recovery rate in Goods and Services Tax (GST) cases concerning input tax credit (ITC) fraud has significantly increased in FY24....
09 Apr CBDT Issues Interim Action Plan for F.Y. 2024-25: Emphasizes Adherence
The Central Board of Direct Taxes (CBDT) has released a Circular dated April 05, 2024, denoted as F.No. 380/01/2024...
06 Apr Income Tax Returns Now Invalid if Not Verified Within 30 Days or by Due Date, Whichever Is Later
The CBDT issued Corrigendum dated April 04, 2024 to Notification No. 02 of 2024 dated March 31, 2024 regarding the Time limit for verification of return of income after uploading....
06 Apr Income Tax Department enabled the Form 10IE for AY 2024-25 for filing on the income tax e-filing portal
The Income Tax Department has enabled Form 10IE for AY 2024-25 for filing on the income tax e-filing portal....
06 Apr Delhi GST Department: Biweekly Registration Slots & Clarifications for CAs/Advocates
The Delhi GST Department recently issued Public Notice No. F. Circular/CRC/DT&T/2024/249-255 on April 04, 2024, addressing the process of GST new registrations....
05 Apr RBI defers implementing directions on exchange-traded forex derivatives to May 3
The Reserve Bank of India (RBI) has announced an extension of the deadline for implementing rules regarding exchange-traded forex derivatives to May 3, extending it from the previous deadline of April 5....