Lump sum Limit for NPS Withdrawal on Exit, enhanced by PFRDA
PFRDA has modified the norms applicable for exit from National Pension Scheme (NPS) to enhance/ increase the lumpsum withdrawal limit under the NPS, i.e. for premature exit, normal exit …
CBIC Clarifications on Supply/ Export of Services under IGST Act 2017
CBIC Clarifications on Supply/ Export of Services under the IGST Act 2017 explained with key rules, conditions, and practical impact.
CBIC Clarifications on Certain GST related issues
CBIC has addressed some GST-related concerns, such as delinking debit note date from invoice date for ITC, no need to carry physical copy of tax invoice if e-invoice created, …
CBIC Clarifications on Scope of ‘Intermediary’ Services under IGST
In order to facilitate the exporters, CBIC has clarified various doubts in the matter of Scope/ Definition of ‘Intermediary’ Services under the IGST Act 2017. Also the requirements for …
No TDS u/s 194A on Interest Payment to a member of Scheduled Tribe of Specified Areas u/s 10(26)
CBDT notifies 'no TDS u/s 194A by banks in respect of payment of interest of upto Rs. 20 lacs made to a member of Scheduled Tribe residing in areas …
CBDT further extends certain timelines to ease compliances
CBDT has further extended certain timelines to ease compliances under the Income Tax Act, 1961, including for PAN-Aadhaar linking, completion of penalty proceedings, benami proceedings, etc.
Extension of Time Limit for Generating UDIN from 15 to 60 days: ICAI
ICAI has announced to extend the time limit for generating UDIN from 15 days to 60 days from the date of the signing of certificates/ reports/ document with immediate …
Key Recommendations of GST Council (45th Meeting)
GST Council in its 45th meeting held at Lucknow on 17/09/2021, has made various recommendations relating to changes in GST rates and GST law & procedure, as under: MoF, …
GSTN Advisory on E-Way Bill Generation for principal supply as Service
GSTN has issued Advisory on Generation of e-way bill where the principal supply by the Taxpayer is classifiable as the Service, as under: 1. Representations have been received from …
CBDT Clarification on Carry Forward of losses in case of change in shareholding due to strategic disinvestment
CBDT clarifies the issue of carry forward of losses of ‘erstwhile public sector company’ u/s 79 in case of change in shareholding due to ‘strategic disinvestment’, in view of …