GSTN issued advisory w.r.t. availing ITC as per law and GSTR-2B
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated June 18, 2022 regarding availing Input Tax Credit […]
Important News
Notification And Circular, Notification and Circular
CBDT notified Safe Harbour Rules for AY 2022-23 for the purposes of Income tax
The CBDT vide Notification No. 66/2022 dated June 17, 2022 has issued the Income-tax (18th Amendment), Rules, 2022 to further
Press Release, Press Release
India’s Foreign Trade for the month of May, 2022
India’s overall exports (Merchandise and Services combined) in May 2022* are estimated to be USD 62.21 Billion, exhibiting a positive
Notification and Circular, Notification And Circular
CBDT issued updated Mutual Agreement Procedure Guidance addressing stakeholder’s concerns
The CBDT vide MAP GUIDANCE/2022 dated June 10, 2022 has issued an updated Mutual Agreement Procedure (“MAP”) Guidance addressing stakeholder’s
Notification And Circular, Notification and Circular
Relaxation w.r.t. deduction of tax on the payment of aircraft leasing
The CBDT vide Notification No. 65/2022 dated June 16, 2022 has issued relaxation from Tax Deducted at Source (“TDS”) under
Press Release, Press Release
Net Direct Tax collections for the FY 2022-23 grow 45% to Rs 3,39,225 crores till mid-June
The figures of Direct Tax collections for the Financial Year 2022-23, as on June 16, 2022 show that net collections
GST Recent News
Thane ACB arrests assistant sales tax commissioner for graft
The Thane anti-corruption bureau arrested a senior officer with the sales tax (GST) department of the Maharashtra government allegedly for
Notification And Circular, Notification and Circular
Notified certain conditions w.r.t. exemption and concessional tax rates on the income of a specified fund and an eligible investment division
The CBDT vide Notification No. 64/2022 dated June 16, 2022 has issued the Income-tax (Seventeenth Amendment), Rules, 2022 to further
GST Recent News
Parl panel: Extend GST Composition Scheme to e-sellers; onboarding MSMEs should be obligatory for e-commerce portals
A Parliamentary committee report on the promotion and regulation of e-commerce in India has opined multiple steps for the government
Press Release, Press Release
GST registration cancellation drive by the Excise and Taxation Dept. of Haryana
The Excise and Taxation Department, Government of Haryana conducted a Cancellation Drive against those taxpayers who had not filed their