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...
BUSINESS Tag
03 Apr GST Applicability to Compensation for Liquidated Damages in Agreements
In a recent ruling by the Andhra Pradesh Authority for Advance Ruling (AAR) in AAR No. 12/AP/GST/2023 dated December 21, 2023, significant clarity was provided regarding the GST implications of compensation collected for liquidated damages under contractual agreements....
22 May Finance companies ask RBI not to rename penal interest as `charges’ to avoid attracting GST
The Finance Industry Development Council, a representative body of NBFCs in India, has requested the Reserve...
20 May Data mismatches to trigger notices under automated GST scrutiny
The central government’s rollout of automated scrutiny of Goods and Services Tax (GST) returns this week...
15 May What the Govt’s new GST compliance measures and how they impact businesses
In two significant measures to curb tax evasion and increase compliance under the Goods and Services Tax (GST)...
11 May GST e-invoicing limit reduced to 5 Cr. from the existing limit of 10 Cr. w.e.f. 1st August, 2023
The CBIC released Notification No. 10/2023-Central Tax dated May 10, 2023, to amend Notification No....