07 Dec ICAI issued Technical Guide on GST Reconciliation Statement (Form GSTR 9C)
On 5th December, The Indian Institue of Chartered Accountants(ICAI) issued an important technical guide GST reconciliation statement (Form GSTR 9C)....
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07 Dec CBDT relaxes timeframe prescribed for processing non-scrutiny Income Tax Returns for AY 2018-19 to 2020-21
The Central Board of Direct Taxes(CBDT) issued an order vide F. No.225/132/2023/ITA-II dated 1st of December, 2023 regarding processing of income tax returns validly filed...
06 Dec DGFT issued trade notice for resolving Export Obligation Defaults cases under Advance Authorization and EPCG Schemes
The Directorate General of Foreign Trade (DGFT) released Trade Notice No. 35/2023-24 on December 5, 2023....
06 Dec 6 digit HSN mandatory in e-invoices for taxpayers with AATO 5 Cr and above from 15th of December 2023
As per the latest update on the GST e-invoice 1 portal, at least 6 digit HSN (Harmonized System of Nomenclature) code is mandatory in e-invoices, for taxpayers with Aggregate ...
04 Dec Changes to CGST Act among 18 bills lined up for winter session
The government has listed 18 bills to be presented, including the first batch of supplementary grants and demand for excess grants during the upcoming winter session starting December 4, 2023....
04 Dec Delhi: How GST registration cell is thwarting fake companies
Delhi government’s efforts to check the entry of fake firms in the GST network has started bearing fruits....
04 Dec GST: Simplification in principal place of business norms mooted for MSMEs
In a move to help facilitate small business houses in the country for goods and services tax or GST registration, simplification in the principal place of business or PPoB norms...
03 Dec GSTN issued advisory for the procedures and provisions related to amnesty under GST
In compliance with the GST Council recommendation, the GSTN issued an advisory no. 612 on 28th November, 2023 for the procedures and provisions related...
03 Dec Government Reduces Windfall Tax on Crude Petroleum to ₹5,000 per Tonne, Leading to a Decrease in Jet Fuel Prices
The government on December 1 has lowered the windfall tax on crude petroleum to Rs. 5,000 per tonne from Rs 6,300 a tonne....
03 Dec Important Update: GSTN issued advisory on two factor authentication for taxpayers to enhance login security in GST Portal
GSTN issued an advisory no. 618 Dated 1st December, 2023 regarding implementation of two factor authentication for taxpayers to ...