CBIC issues instruction to clarify the implementation of origin procedures under the India-Australia Economic Cooperation and Trade Agreement, including the recognition of electronic certificates of origin and defacement procedures.
Foreign tourists may soon be able to get GST refunds in respect of their shopping of goods and services in India, as the government is working on procedures and …
The ICAI has released a comprehensive Implementation Guide in the form of FAQs to help auditors obtain and handle written representations in compliance with SA 580. Read on to …
Learn about the changes to the new RSP based GST compensation cess rates on pan masala and tobacco products, effective April 1, 2023.
The CBIC has lowered the tax rates for pencil sharpeners and pre-packaged and labelled Rab from 18% to 12% and 5%, respectively, effective March 1, 2023.
CBIC has amended its notifications to apply GST dispensation under RCM to courts and tribunals in India for commercial services like renting premises to telecommunication companies and renting chambers …
The Central Board of Indirect Taxes and Customs (CBIC) has announced a reduction in the Goods and Services Tax (GST) rate for “Rab” sold without packaging and labelling from …
CBIC has exempted government bodies, including the National Testing Agency, from GST for conducting entrance examinations for educational institutions, effective March 1, 2023.
Discover the importance of the going concern assumption in accounting, its implications for stakeholders, and its role in shaping financial statement preparation.
Discover the importance of consistency in accounting, its benefits, challenges, and strategies to promote it in the Indian context. Enhance comparability, trust, and decision-making.