Don’t Let Your PAN Become Inoperative: CBDT Explains Consequences
CBDT's Circular on the Consequences of inoperative PAN due to non-linking with Aadhaar. Learn more.
Category: Updates
ICAI’s Implementation Guide on Rule 11(g): Reporting on Audit Trail
Get a comprehensive understanding of the new reporting requirement under Rule 11(g) on Accounting Software (Audit Trail) and the ICAI Implementation Guide that provides detailed guidance to auditors.
GST Council Clarifies Nil & 5% GST Rate on Unpackaged/Pre-Packaged Rab
GST Council clarifies 5% GST rate on pre-packaged and labelled Rab, Nil GST on unpackaged Rab sold loose. Past transactions also regularized.
ICAI Mandates Annual Filing of ‘Know Your Member (KYM)’ Form
The Institute of Chartered Accountants of India (ICAI) has introduced the “Know Your Member (KYM)” Form, which must be submitted annually by all active members via the Self-Service Portal …
Tobacco/ Pan Masala: GST Compensation Cess Rates Now RSP Based
Learn about the changes to the new RSP based GST compensation cess rates on pan masala and tobacco products, effective April 1, 2023.
Locker Agreement Renewal: RBI Extends Deadline and Issues Revised Guidelines
The RBI has extended the deadline for banks to renew locker agreements with existing customers and issued revised guidelines for safe deposit lockers and safe custody article facilities offered …
CBIC clarification on ITC Eligibility and Place of supply under IGST: GST Circular 184/16/2022
CBIC clarifies that in case of supply of goods to a place outside India, the place of supply of such transportation service shall also be the place of destination …
CGST (5th Amendment) Rules, 2022: CBIC Notifications
The CBIC has notified the CGST (5th Amendment) Rules 2022 to make further amendments in the CGST Rules 2017 in line with the recommendations of the GST Council, vide …
IGST Refunds Procedure under CGST Rule 96(4)(c): CBIC GST Instructions 4/2022
CBIC issues instructions on the procedure for sanctioning IGST refunds withheld in accordance with Rule 96(4)(c), which are transmitted to the jurisdictional GST authorities in accordance with Rule 96(5A) …
CGST (3rd Amendment) Rules 2022 notified by CBIC
CBIC notifies the CGST (3rd Amendment) Rules 2022 to amend the instructions at paragraph 7 of form GSTR-9 for providing an increased time limit to taxpayers for claiming input …