Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the ‘GST Bhawan’, a project for CGST, CX and Customs Office, Agartala, Guwahati Zone under CBIC, at Agartala, Tripura. The GST Bhawan is an Office complex in the Centre of Agartala City. The project is …
A Bengaluru-based e-commerce employee recently took to Twitter to vent his frustration about the high taxes he pays on his earnings and spendings. In a series of tweets, the employee, identified as Sanchit Goyal, said that he earns Rs 5,000 per day and has to pay …
A 42-year-old man has been arrested in Delhi for cheating a jeweller of Rs 6 crore by posing as a GST inspector. The accused, Sushil Kumar, along with his accomplices, intercepted the jeweller’s driver and employee who were transporting 10 kg of gold from Delhi to …
The Income-tax (Thirteenth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes on 18th July 2023. The rules amend the Income-tax Rules, 1962, and make the following changes: They provide for the manner of computation of the income of a resultant fund under section 115UAA …
As of July 18, 2023, over 3 crore income tax returns have been filed for the financial year 2022-23. This is a significant increase from the number of returns filed in the same period last year. The last date for filing income tax returns for the financial …
Central Board of Direct Taxes (CBDT) issued the Income-tax (Twelfth Amendment) Rules, 2023 on July 17, 2023. The amendment aims to provide exemptions and regulations regarding certain income and financial instruments for non-residents. The key changes introduced by the amendment are as follows Exemption for non-residents …
Accounting Standards Board The Institute of Chartered Accountants of India Request for Information on Post-implementation Review of IFRS 15, Revenue from Contracts with Customers issued by the IASB The International Accounting Standards Board (IASB) is undertaking a post-implementation review of IFRS 15, Revenue from Contracts with Customers. …
CBIC vide Circular No. 197/09/2023- GST dated July 17, 2023 has issued clarification on various issues relating to GST refunds. References have been received from the field formations seeking clarification on various issues relating to GST refunds. In order to clarify these issues and to ensure uniformity in …
