07 Jun MSME Portal Pauses Udyam Registration/Migration Due to Technical Issues
The MSME Government Portal has temporarily halted Udyam registration services due to technical issues. Apologies for any inconvenience caused. ...
Regulatory Compliance Tag
20 May Mutual funds: SEBI eases KYC formalities, withdraws PAN-Aadhaar link rule for now. Check latest rules
In a recent circular dated May 14, the Securities and Exchange Board of India (SEBI) has made significant amendments to the Know Your Customer (KYC) requirements for mutual fund investors. This article delves into the details of these changes and their implications for investors. ...
07 May Ministry of Finance Updates Authorized Banks List for Customs effective from April 01, 2024
Stay informed with the latest updates on authorized banks for customs procedures. Learn about the changes in Lists 34A and 34B....
25 Apr Blocked Input Tax Credit (ITC) under GST: Key Points You Need to Know
In the realm of Goods and Services Tax (GST) in India, understanding Input Tax Credit (ITC) is crucial for businesses to ensure compliance and optimize their tax liabilities....
20 Apr Income Tax Alert: 5 High-Value Transactions That May Come Under Scrutiny
In recent times, a misconception has been prevalent among the people regarding the traceability of cashless transactions by the Income Tax Department (ITD)....
10 Apr GSTN Issues Advisory on Automatic HSN-wise Summary Population in GSTR-1 Table 12 from e-Invoices
The GSTN has released an important Advisory No. 630 dated April 09, 2024, regarding the automatic population of HSN-wise summaries from e-Invoices into Table 12 of GSTR-1....
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 Merely uploading SCN under the category “Additional Notices” instead of “Notices” on the GST portal does not constitute sufficient intimation to the taxpayer
The Hon'ble Delhi High Court, in the case of Anhad Impex v. Assistant Commissioner, addressed the issue of whether the misplacement of a Show Cause Notice (SCN)...
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....