GST rates on various goods, including uncooked snack pellets, fish soluble paste, LD slag and imitation zari thread, have been reduced to just 5%, effective 27/07/2023.
CBIC notifies GST exemption for satellite launch services, including for private sector providers, effective from 27th July 2023.
CBIC amends procedures to allow GTAs extended deadline for choosing between FCM or RCM and relieve them from annual compliance to do so, as recommended by GST Council.
CBDT's clarification on the reporting status of certain RFIs and funds under I-T Rule 114F(5), classification as non-reporting financial institutions and their treatment as excluded accounts for CRS reporting.
ICAI has published the revised 2023 edition of the booklet "Indian Accounting Standards (IND ASs): An Overview", which summarises different aspects of Ind ASs issued by MCA.
CBDT Circular 13/2023 provides guidelines for condoning the delay in filing income tax returns by co-operative societies claiming deductions under Section 80P, for AY 2018-19 to AY 2022-23.
Discover the GSTN Advisory on new e-Invoice Exemption Declaration functionality enabled on GST Portal for taxpayers.
CBDT has issued Notification 52/2023 on TDS exemption for IFSC units engaged in aircraft leasing, subject to compliance with prescribed procedure.
The deadline for the late filing of returns under GST amnesty scheme has been extended by the CBIC from June 30 to august 31, 2023.
ICAI has announced on 19/07/2023 that the second phase of the Peer Review Mandate has been further deferred/postponed from 01/07/2023 to 01/04/2024.