MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No 07/2024 – Central Tax New Delhi, the 8th April, 2024 S.O. 1642(E).—In exercise of the powers conferred by sub-section (1) of section 50 read with section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (herein… Read More »
GSTR 1 NEW CHANGE FROM APRIL 2024 I GST RETURN FILING ONLINE I GST LATEST UPDATE CA SATBIR SINGH
– GST Portal Update- New option added in “Table 12 – HSN wise summary of outward supplies” in GSTR 1 for Tax Payers generating e-invoices Now Tax Payers can Import HSN Data in GSTR 1 from E-Invoices, these will help the tax payers in importing all HSN data where e-invoices were generated and manual entry… Read More »
Ministry of Finance Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024 Posted On: 04 APR 2024 7:50PM by PIB Delhi The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024… Read More »
Ministry of Finance CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims There is no special drive to re-open cases of mismatch, and media reports alleging that large-scale re-opening is being undertaken by the CBDT are completely misplaced Apprehensions are about retrospective taxation in this matter and re-opening… Read More »
How to Check Income Tax Refund Status AY 2024-25 ONLINE i New PROCESS I NEW TAX REGIME
Form 10IEA filing AY 2024-25 before itr filing I How to file form 10IEA online I Income Tax regime
Ministry of Finance Clarification regarding applicability of new tax regime and old tax regime Posted On: 31 MAR 2024 11:20PM by PIB Delhi It has come to notice that misleading information related to new tax regime is being spread on some social media platforms. It is therefore clarified that the new regime under section 115BAC(1A)… Read More »
Ministry of Finance Second highest monthly Gross GST Revenue collection in March at ₹1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis) Yearly gross revenue ₹20.18 lakh crore; 11.7% growth (13.4% on net basis) Posted On: 01 APR 2024 3:41PM by PIB Delhi Gross Good and Services Tax (GST) revenue for March 2024… Read More »
Advisory: Self Enablement For e-Invoicing 03/04/2024 Dear Taxpayers, 1. If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards 2. For those who meet the notification criteria but have not yet been enabled on the… Read More »