GST Council is unlikely to correct inverted duty correction w.r.t. Textiles
As per the recent tweet of the CNBC-TV18, Sources say in the upcoming meeting of the GST Council is unlikely […]
Important News
Notification And Circular, Notification and Circular
ICAI issued draft regulations to amend the Chartered Accountants Regulations, 1988
The Institute of Chartered Accountants of India (“ICAI”) vide Notification No. 1-CA(7)/201/2022 dated June 02, 2022 has issued draft regulation
GST Recent News
No GST payable on fees collected towards training in respect of Football, Basketball, Athletic, Cricket, Swimming, Karate and Dance: AAR
The Maharashtra Authority of Advance Ruling (AAR) consisting of Rajib Magoo and T.R. Ramnani has ruled that GST is not payable on
Press Release, Press Release
TN GST Dept. intimated the dealers to verify the accounts and payment of GST to avoid interest and penalty
Commercial Taxes Department identified 3.25 lakh dealers as not having paid a single rupee as GST during the year 2021-2022.
Notification And Circular, Notification and Circular
DGFT notified a new RoDTEP schedule to align with Finance Act, 2022 w.e.f. May 01, 2022
The DGFT vide Notification No. 12/2015-2020 dated June 01, 2022 has notified a new Refund of Duties and Taxes on
Advance Ruling-New
Advance ruling cannot be sought by recipient of works contract services
The AAR, Maharashtra in M/s Romell Real Estate Pvt. Ltd. [Advance Ruling No. GST- ARA- 69/2020-21/B-51 dated April 21, 2022]
Important News
Link PAN-Aadhaar Card before July 1 or Pay Double Penalty: Check Step by Step Guide Here
The government had extended the deadline to link PAN Card with Aadhaar Card from March 31, 2022, to March 31,
Press Release, Press Release
New Guidelines for Central Sector Scheme “Promotion of MSMEs in North Eastern Region and Sikkim” for enhancing productivity and competitiveness
The Central Government has approved the New Guidelines of Central Sector Scheme “Promotion of MSMEs in North Eastern Region and
News
Onus to prove identity, creditworthiness and genuineness of transaction lies on assessee: Pune ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT), consisting of Partha Artha Sarathi Chaudhury (Judicial Member) and Inturi Rama
Important News
GSTN enabled new functionality to add “Additional Trade Name” under the same GSTIN
The Goods and Services Tax Network (“GSTN”) has enabled the new functionality to add “Additional Trade Name” under the same