Key Highlights of the proposals made under Union Budget 22-23

The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART- A India’s econo...

Budget 2022 : When, Where and How?

Finance Minister Nirmala Sitharaman will present the Union Budget 2022 tomorrow in the Parliament.  GDP has been projected to grow by 8- 8.5 percent in real terms in 2022-23. Key highlights of the Economic S...

Key Highlights of the Economic Survey 2021-22

The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament today.     The highlights of the Economic Survey are as follows:...

Process Flow for Filing Audit Forms

Income Tax Department has shared the availability of the audit report and the process flow steps in e-FILING 2.0 A. Process Flow For all Audit Forms except Form 15CB and Form 10CCB Steps ...

CBDT issues clarification on Form 10CCB

CBDT has issued a clarification on Form 10CCB to avoid errors in form filing and verification. The clarification provides as :  Please assign Form 10CCB to respective Chartered Accountant (CA) from &ldquo...

CBDT extends due dates for filing of IT returns & various reports of audit for AY 21-22

The Central Board of Direct Taxes (CBDT) has further extended the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 vide Circular No. 1/2022 dated 11/01/2022 ...

Reporting supplies by e-com operator under GSTR-3B

As per the GST Council decision to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as motor cabs, accommodation and housekeeping services w...

Not allowed to file GSTR-1 if GSTR-3B hasn't been filed

As per Notification No. 35/2021 – Central Tax dated 24th September 2021, clause (a) of the sub-rule (6) of Rule 59 of CGST Rules, 2017 was amended. By way of this amendment, for the words “for preceding two m...

GST rate hike on Textiles deferred - 46th GST Council Meeting

The GST Council’s 46th meeting was held today in New Delhi under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended to defer the decision ...

CBIC extends deadline of GSTR-9 and GSTR-9C for financial year 2020-21

CBIC has extended the due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 from 31.12.2021 to 28.02.2022 vide Notific...