E-Way Bill generation for the movement of Gold. The National Informatics Centre (“NIC”) has issued an Update on the E-Way Bill generation for the movement of Gold. As per the Government recommendation, E-Way Bill generation has been provisioned for movement of Gold (HSN Chapter 71) for all Intrastate and Interstate transactions. The taxpayers of the… Read More »
Guidelines for launching of prosecution under the CGST Act, 2017 Section 132 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017) codifies the offences under the Act which warrant institution of criminal proceedings and prosecution. CBIC has released following guidelines for launching prosecution: 1. Sanction of prosecution Sanction of prosecution… Read More »
Module wise new functionalities deployed on the GST Portal for taxpayers 12/09/2022 Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos… Read More »
Direct Taxes Committee The Institute of Chartered Accountants of India 1st September, 2022 Subject: Applicability of Explanation to Section 11 of the Income-tax Act, 1961 as inserted vide the Finance Act, 2022 Dear Professional Colleague, As you are aware that the DTC of ICAI has always been proactive in disseminating the knowledge and sharpening the… Read More »
GST Revocation after 1 year , new order Application for revocation of cancellation of registration can be filed till 28-5-2022 in terms of Supreme Court order providing for extension of limitation period due to Covid; Appeal filed against cancellation to be treated as availing wrong remedy; High Court directs filing of fresh revocation application Download… Read More »
Taxmann’s GST Ready Reckoner [2023] – Authoritative ready-referencer for all provisions of the GST Law with GST Case Laws, GST Notifications, GST Circulars, etc. | 1st February 2023 Paperback – 13 February 2023 , 20th edition 2023 GST Ready Reckoner 2023 is Taxmann’s Ultimate Bestseller for Indirect Taxes – ‘GST Ready Reckoner’, is a ready referencer… Read More »
Withdrawal functionality of 15CB forms at e-filing portal UDIN Directorate The Institute of Chartered Accountants of India 10th September, 2022 Withdrawal functionality of 15CB forms at e-filing portal A large extent of pendency for updation of 15 CB forms at e-filing portal may be attributed to the non-availability of any options for their withdrawal from… Read More »
ICAI Advisory to Auditor for direct Bank Confirmation Auditing and Assurance Standards Board & Professional Development Committee The Institute of Chartered Accountants of India 7th September, 2022 External Confirmations through Third Party Vendors External confirmations have been an important and integral part of audit procedure in order to obtain sufficient appropriate audit evidence in line… Read More »
Handbook on GST Audit by Tax Authorities, Download Click here This book has been written with the twin goals of making the tax-payers aware about the compliances required for smooth conduct of GST audit of their business operations as well as to educate the tax auditors so as to enable them to conduct the audit… Read More »
Taxmann’s GST e-Invoicing – Understand the background, concepts & issues surrounding e-Invoicing with explanation in sync with GST e-Invoicing Portal, GST e-Invoice API Portal, and GST Common Portal BUY ONLINE CLICK HERE This book is a comprehensive guide on e-Invoicing. It assists the reader in understanding the following with respect to e-Invoicing Background Concepts Issues… Read More »