Composition Scheme for E-commerce Finance Bill, 2023 has proposed to amend section 10(2)(d) and 10(2A) (c) of CGST Act, 2023. This amendment seeks to remove reference to ‘goods’ from these clauses. These amendments have been proposed so as to remove the restriction imposed on registered persons …
The GST Flyers published through the web site of Central Board of Indirect Taxes & Customs (CBIC) say that, tax laws (or any laws, for that matter) impose obligations. Such obligations are broadly of two kinds: tax-related and procedure-related. The taxpayer’s compliance with these obligations is …
GSTR- 1 It is a return of reporting as no tax is paid, details of sales, invoices generated, debit note, credit note. To be filed by a normal tax payer a return of sales transactions. Can be paid monthly or quarterly (optional) (for the taxpayer whose …
Direct Tax Collections for F.Y. 2022-23 at ₹15.67 lakh crore – 24.09% higher than gross collections for corresponding period of last year as on 10.02.2023 Direct Tax collection, net of refunds, stands at ₹12.98 lakh crore – 18.40% higher than net collections for corresponding period of …
The definition of ‘proper officer’ is being modified; officers of DRI, Audit and Preventive formation are being specifically included in the class of officers of Customs; Under the newly proposed union Budget 2023 the Union Ministry has proposed certain major legislative changes in Customs Laws The …
ICAI Overseas Campus Placement for Indian Chartered Accountants ICAI through Committee for Members in Industry & Business and Committee for Development of International Trade, Services & WTO is organizing Overseas Campus Placement for Indian CAs in hybrid mode. The campus programme is open to all levels …
1.Due date for deposit of Tax deducted/collected for the month of January, 2023. However, all the sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an …
According to Hon’ble Supreme Court’s directive filing of TRAN bureaucracy was made to be had for aggrieved taxpayers at some point of 01.10.2022 to 30.Eleven.2022. It has been located that, inside the method of filing TRAN paperwork, few taxpayers have submitted their forms at the portal …