Tag: Circulars
CBIC clarifies issues in reconciling the differences in amount of ITC claimed in GSTR-3B amount of ITC eligibility as per GSTR-2A in respect of financial years 2017-18 and 2018-19. …
CBIC has issued clarification on the applicability of Section 75(2) of the CGST Act, 2017 and its impact on limitation. CBIC has clarified about the time limit for re-determination …
CBIC has clarified certain issues pertaining to ‘No Claim Bonus (NCB)’ allowed by the Insurance Companies and exemption from ‘e-invoicing’ with reference to an ‘Entity’ under GST, vide GST Circular …
The CBDT has issued instructions/circular compiling the provisions/rates applicable u/s 192 for TDS on Salary payments to employees during FY 2022-23 (AY 2023-24), for the guidance of concerned employers/employees. …
CBIC has issued clarification/guidelines for verification of the transitional input tax credit (ITC) by the field formations, in light of the Orders of the Hon’ble Supreme Court dated 22/07/2022 …
CBIC has issued clarification on issues related with refunds of unutilized input tax credit (ITC), accumulated due to an inverted duty structure, u/s 54(3) read with Rule 89(5) and …
The CBDT has put out Explanatory Notes to the provisions of the Finance Act, 2022, mostly to explain the changes and new rules about income tax (see Circular 23/2022). …
NFRA has issued a Circular/ Advisory against Companies not accruing the Interest Liability on NPA Borrowings in violation of the IND AS 109. During a disciplinary proceeding u/s 132(4) …
CBDT extends due date for filing of TDS Return/ Statement in Form 26Q for the second quarter of Financial Year 2022-23, from 31/10/2022 to 30/11/2022.
CBDT has extended the due date for filing of Tax Audit Report (TAR), Transfer Pricing Report (TPR), etc. in respect of FY 2021-22/ AY 2022-23, from 30/09/2022 to 07/10/2022. …