No liability of interest would arise if ITC reversed by petitioner before its utilization : High Court HIGH COURT OF MADRAS Grundfos Pumps India (P.) Ltd. v. Joint Commissioner of GST & Central Excise ANITA SUMANTH, J. WRIT PETITION NO. 19170 OF 2020 W.M.P. NOS. 23748 OF 2020 & 13331 OF 2021 MARCH 13, 2023… Read More »
Calcutta High Court Dynasoure Concrete Treatment Private Limited Vs Chairman GSTN WPA No. 7406 of 2023 Dated 13/04/2023 Heard learned advocates appearing for the respective parties. This is a second round of litigation initiated by the petitioner making prayer for allowing it to rectify the GSTIN of service recipients in the relevant GST invoices at… Read More »
TRUST – EXEMPTION FROM SPECIFIED INCOME NOTIFICATION S.O. 1690(E) [NO. 20/2023/F.NO.196/19/2014-ITA-I], DATED 10-4-2023 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Central Board of Secondary Education’, Delhi (PAN AAAAC8859Q), a Board constituted… Read More »
RELEASE OF DIRECT TAX STATISTICS PRESS RELEASE, DATED 13-4-2023 Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from time to time. In continuation of its efforts to place more and more information in public domain, the CBDT has further released Time-Series data as… Read More »
Union Finance Minister Smt. Nirmala Sitharaman chairs review meeting with Central Board of Direct Taxes Posted On: 25 APR 2023 5:50PM by PIB Delhi Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review meeting with Central Board of Direct Taxes (CBDT), here today. The review meeting was attended by the… Read More »
DOUBLE TAXATION AGREEMENT – AGREEMENT BETWEEN REPUBLIC OF INDIA AND REPUBLIC OF CHILE FOR ELIMINATION OF DOUBLE TAXATION AND PREVENTION OF FISCAL EVASION AND AVOIDANCE WITH RESPECT TO TAXES ON INCOME NOTIFICATION S.O. 2059(E) [NO. 24/2023/F. NO.500/62/2017-FT&TR-V (PT-III)], DATED 3-5-2023 Whereas, an Agreement and Protocol between the Government of the Republic of India and the Government… Read More »
CLARIFICATION ON FAQ 6(REPORTING) AND FAQ 3 (REPORTING) ISSUED BY U.S. IRS IN RESPECT OF FATCA REPORTABLE ACCOUNTS CIRCULAR F. NO. 500/107/2015-FT&TR-III, DATED 4-5-2023 Kindly refer to the earlier clarification issued in reference to the above subject on 31 January 2022 (https://www.incometaxindia.gov.in/Documents/exchange-of- information/FATCA-clarification-FAQ6-and-FAQ3.pdf). In this regard, the US IRS has recently updated FAQ 6(reporting) in accordance… Read More »
ITR Filing Mandatory Limit AY 2023 24 I ITR kise File karna Chahiye I CA Satbir Singh
Advisory: Deferment of Implementation of Time Limit on Reporting Old e-Invoices 06/05/2023 Dear Taxpayers, 1. It is to inform you that it has been decided by the competent authority to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoice IRP portals for taxpayers with aggregate turnover greater than… Read More »
GSTR 1 FILING FOR ONLINE SELLER I GSTR-1 for online Sellers I AMAZON ,MEESO, FLIPKART ETC