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, …
Tag: Clarifications
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 …
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 …
CBDT clarifies ‘Specified Bank’ u/s 194P (Senior Citizens TDS: ITR Filing Exemption)
CBDT clarifies the term ‘Specified Bank’ for the purpose of TDS u/s 194P in the case of Specified Senior Citizens (of age 75 or more having pension/ interest income …
MCA Clarification on CSR Spending for COVID-19 Vaccination of Persons other than Employees
MCA has further clarified that spending of CSR funds for COVID-19 vaccination of persons other than the employees and their families, is an eligible CSR activity. Earlier, MCA had …
Extension of Limitation under GST Law: CBIC Clarification w.r.t. Hon’ble Supreme Court Order dt. 27/04/2021
The CBIC has made it clear that the extension of “limitation timelines” given by the Hon’ble Supreme Court in its Order dated 27/04/2021, applies to appeals against any quasi-judicial …
34 FAQs on Provisions of Vivad se Vishwas Act 2020
CBDT has issued a set of 34 FAQs clarifying various provisions of the Direct Tax Vivad se Vishwas Act 2020, to facilitate the taxpayers on issues relating to scope/ …
CBIC Master Circular e-Refund process from 26/09/2019 (GST RFD 01)
CBIC has issued Master Circular on Procedure for electronic submission and processing of refund applications in supersession of earlier Circulars (e refund process) through Form GST RFD 01 applicable …
CBIC clarifies GST applicability on supply of securities under SLS: GST Circular 119/38/2019
CBIC has issued a clarification on applicability of GST on supply of securities under the SEBI’s Securities Lending Scheme (SLS) 1997, vide GST Circular 119/38/2019. CBIC GST Circular 119/38/2019 …
CBDT’s Clarifications/ FAQs on Filling Up New ITR forms (FY 2018-19/ AY 2019-20)
New/ Revised Income-tax return (ITR) forms for Assessment Year 2019-20 have been notified on 1st April 2019, followed with release of Excel/ Java Utility and Instructions to support filing …