Central Board of Direct Taxes (CBDT) has announced a new extension in the deadline for linking PAN and Aadhaar. This announcement comes as a relief to taxpayers who were worried about the repercussions they would face if...
If you have a PAN card, it is essential for you to link it with your Aadhaar card. According to Section 139AA of the Income Tax Act, every individual who has been allotted a permanent account number (PAN) and who is...
The Reserve Bank of India (RBI) has launched the fourth series of its Sovereign Gold Bond (SGB) Scheme for the fiscal year 2022-23. The scheme, which aims to offer investors an alternative to buying physical gold, has ga...
Today, the 49th meeting of the GST Council took place with a focus on a range of topics pertaining to the GST. During the meeting, the Council put forth several noteworthy suggestions, encompassing areas such as GST comp...
Goods and Services Tax Network (GSTN) has implemented the much-awaited change to GSTR-3B, allowing taxpayers to report negative values in Table 4 (ITC) on the GST portal. This change was announced in an advisory...
The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return Forms (ITR Forms) for the Assessment Year 2023-24 through Notifications No. 04/2023 dated 10-02-2023 and 05/2023 dated 14-02-2023. ...
The 2023 Union Budget presented by Finance Minister Nirmala Sitharaman included several changes to the GST Act. This is Part II of clause-by-clause analysis for the proposed amendments. In case you missed re...
The Union Budget 2023 presented by Finance Minister Nirmala Sitharaman has put forth several modifications to the GST Act. Here's a clause-by-clause analysis for the proposed amendments. Clause 128 - Comp...
GST has three important sections that deal with the GST Registration requirement, namely Section 22, Section 23, and Section 24 of the CGST Act, 2017. Section 22 deals with the turnover-based registration require...
The Budget 2023 has proposed to prescribe a due date for filing returns with an upper limit of three years from the due date. The GST law has established a deadline for submitting returns however this previously lacked a...
