CBIC’s 15 FAQs on Blocking and Unblocking of EWB Generation facility
CBIC has issued a set of 15 Frequently Asked Questions (FAQs) on Blocking and Unblocking of EWB Generation facility in the EWB Portal/ System. CBIC’s 15 FAQs on Blocking …
Category: Updates
UDIN to be validated during uploading of Tax Audit Reports (TAR): CBDT
E-filing portal of Income Tax Deptt. (CBDT) shall validate UDIN generated from ICAI portal, during uploading of Tax Audit Reports (TAR), etc. with effect from 27/11/2020. Further, CAs who …
No BO/ LO/ PO Approval for Foreign Law Firms in India: RBI
RBI has issued directions to ‘AD Category I banks’ for not granting any FEMA approval to open Branch/ Project/ Liaison Office (BO/ PO/ LO) in India, for the purpose …
Govt. notifies Draft Rules on Social Security Code 2020 for Comments
Ministry of Labour & Employment, Govt. of India has notified the Draft Rules in respect of the Social Security Code 2020 for comments/ suggestions of stakeholders within 45 days. …
RBI Discontinues 17 FEMA Returns/ Reports for Different Entities
For improving the ease of doing business in India and to reduce the cost of compliance, RBI has made a review of requirements of submission of various forms and …
IT Relief for Real Estate Developers/ Home Buyers; Safe Harbour Limit Increased
As part of the Atmanirbhar Bharat Package 3.0 announced by the Finance Minister, Income Tax relief has been announced for Real Estate Developers and Home Buyers by way of increase …
Monthly/Quarterly GSTR-1 Due Dates from January 1, 2021: CBIC CGST Notification 83/2020
CBIC prescribes/extends the due dates in respect of monthly and quarterly returns in Form GSTR-1 up to the 11th and 13th of the month following the tax period, respectively, …
ICAI Guide on Basics of International Taxation (Revised 2020)
The ICAI has released the revised edition 2020 of its Guide on “Basics of International Taxation,” which was previously known as “Aspects of International Taxation – A Study” and …
Quarterly GSTR-1 Due Dates (Oct. 20 to Mar. 21): CBIC CGST Notification 74/2020
CBIC prescribes January 13, 2021, and April 13, 2021, as the due dates for the filing of a quarterly return in Form GSTR-1 in respect of the tax periods …
Specified Digits of HSN Code for Tax Invoice under CGST/ IGST/ UTGST, notified by CBIC
CBIC notifies the prescribed number of digits of HSN code required to be mentioned by a registered taxpayer in the Tax Invoice under CGST Rule 46. HSN Code Requirement …