CBDT Extends Due Dates: Forms 10B/10BB & ITR-7 (AY 2023-24)
CBDT extends due dates for Form 10B/10BB and ITR-7 (AY 2023-24) due to challenges faced by entities under sections 10(23C) and 12A. New deadlines: 10B/10BB - Oct 31, 2023, …
Category: Updates
Govt Notifies State Benches of GST Appellate Tribunal (GSTAT)
Government has notified the State Benches of GST Appellate Tribunal (GSTAT), in line with recommendations of the GST Council.
New Time limit of 30 days for Reporting of Invoices on the IRP Portal
Explore the Advisory on New Time limit of 30 days for Reporting of Invoices & Debit/ Credit Notes on the IRP Portal by Taxpayers with AATO of Rs 100 …
Overview of the ICAI’s Handbook on UDIN-related FAQs
The ICAI has released the 2023 edition of the handbook, which contains a revised set of FAQs on UDINs, providing an informative and practical guide for stakeholders.
New CGST Rules 31B and 31C: Value of Supply (Online Gaming/ Actionable Claims)
Explore CBIC Central Tax Notification 45/2023 on New CGST Rules 31B and 31C regarding Value of Supply (Online Gaming/ Actionable Claims).
ICAI’s Revised Technical Guide on Audit of NBFCs (2023)
Explore the 2023 edition of the ICAI's "Technical Guide on Audit of NBFCs" meant for detailed guidance to the members for audit of NBFCs.
Validated Bank Account Mandatory for Income Tax Refunds
Explore the tweet by Income Tax Department about the requirement of validated bank account for expediting refunds to taxpayers.
ICAI’s Revised Guidance Note 2023: Tax Audit u/s 44AB (AY 2023-24)
ICAI has released Revised Guidance Note (2023 Edition) on Tax Audit under Section 44AB of the Income Tax Act, 1961, incorporating amendments by Finance Act, 2023.
New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71
Explore CBDT Notification 73/2023 regarding procedure under New I-T Rule 134 for Claiming Credit of TDS u/s 155(20) in Form 71.
Electronic Credit Reversal and Reclaimed Statement: GSTN Advisory on New Feature
Explore the GSTN Advisory on New Feature at GST Portal "Electronic Credit Reversal and Reclaimed Statement" along with opening balance reporting and amendment guidelines.