Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B) 29/06/2023 Dear Taxpayers, 1. It is informed that GSTN has developed a functionality to enable the taxpayer to explain the difference in GSTR-1 & 3B return online as directed by the GST Council. This feature is now live on the GST… Read More »
Private Banks allowed for Mahila Samman Savings Certificate, 2023 Notification MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 27th June, 2023 S.O. 2791(E).—In pursuance of the powers conferred by sub-clause (ii) of clause (g) of section 3 of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby specifies… Read More »
Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amounts up to Rs. 7 lakh per individual per annum Government gives more time for implementation of revised TCS… Read More »