MCA defers mandatory Audit Trail feature in accounting software till 1st April 2022 Read more here MCA has notified Companies (Accounts) Amendment Rules, 2021 vide its notification dated ...
The parliament has passed Finance Bill 2021 with Lok Sabha giving its nod on 23/03/2021 and Rajya Sabha on 24/03/2021, which gives effect to the financial proposals of the central government for the financial year 2...
The GSTN has issued Advisory on Opting-in for Composition Scheme for Financial year 2021-22. How to opt-in for Composition Scheme: The eligible registered taxpayers, who want to opt-in for composition schem...
The Central Board of Direct Taxes (CBDT) has issued the clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 vide Circular No. 4/2021. Sections 10 and 11 of Vivad se Vishwas Act, 2020 empowe...
The finance ministry has said it has not issued any orders to its officials to use "unauthorised communication means" to achieve GST revenue collection targets for the year. Unconfirmed reports have appear...
The Hon'ble SC has issued notice to the centre in the case of Pradeep Goyal vs Union of India seeking a mechanism to track GST paid by OIDAR service providers (Facebook, Google, Amazon, etc.). The petitioner,...
An inspection was conducted on a taxpayer registered in Jagadhri, Yamunanagar dealing in supply of Mobile Phones and other electronic items mainly through E-Commerce platforms such as Amazon, Flipkart etc. It was found t...
The Central Board of Direct Taxes (CBIC) via its Twitter handle has clarified that Input Tax Credit (ITC) is required to be availed based on details available in FORM GSTR-2B, which is a static ITC statement ge...
1. Can amendments be made to the information submitted in the Registration Application? Once the applicant is registered under GST, the need for amendments in registration may arise due to several factors such as a ch...
The CBIC vide Notification No. 05/2021-Central Tax dated 08/03/2021 has notified the reduction in the applicability of e-invoicing threshold limit from Rs.100 Crores to Rs.50 Crores with effect from 1st April, 2021....
