The Centre is working on a database of suppliers that will rank them on the basis of their goods and services tax (GST) compliance track record, credit history, transaction and supply history besides any past defaults. The mechanism could be brought in the upcoming vote-on-account and introduced from the next financial year. “Businesses can choose… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th September, 2023 INCOME-TAX G.S.R. 685(E) .— In exercise of the powers conferred by sub-clause (i) of clause (a) of the Explanation to clause (viib) of sub-section (2) of section 56 read with section 295 of the Income-tax Act, 1961… Read More »
New GST Notification I From 01.01.2024 I New GST Returns I FORM SRM-I,FORM SRM-IIIA etc
NOTIFICATION NO. 30/2023 – CENTRAL TAX [S.O. 3424(E)/F.NO. CBIC-20006/20/2023-GST], DATED 31-7-2023 AS AMENDED BY NOTIFICATION NO. 47/2023 – CENTRAL TAX [S.O. 4219(E)/F. No. CBIC-20013/7/2021-GST], DATED 25-9-2023 In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 25th September, 2023 No. 47/2023- Central Tax S.O. 4219(E).—In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act,2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government,… Read More »