CAclubindia News

Amendment in Audit Report Format of Trust (Form No.10B) & Rule 16CC & 17B

23 February 2023 at 08:45

The CBDT has notified the Income-tax (3rd Amendment) Rules, 2023, to amend IT Rules 16CC/17B and Forms 10B/10BB which shall be effective as of 01/04/2023, vide Income Tax Notification 7/2023.

Posted in Income Tax | 14136 Views

Due date for filing of 45 company e-Forms, PAS-03 and SPICE+PartA in MCA-21 V3 extended till 31st March 2023

22 February 2023 at 08:39

MCA vide General Circular No. 04/2023 dated February 21, 2023 extended the time for filing of 45 company e-Forms and PAS-03 in MCA 21 Version 3.0 without additional fees till March 31, 2023.

Posted in Corporate Law | 14526 Views

IT department searches Uflex offices across 64 locations

22 February 2023 at 08:36

The income-tax department on Tuesday conducted searches at 64 locations related to packaging company Uflex across the country, including its Noida office.

Posted in Income Tax | 6282 Views

Clarification: Composition taxpayers cannot issue taxable invoice or collect GST from customers and claim ITC

21 February 2023 at 08:40

As per the GST law, a person registered as a composition taxpayer cannot issue a taxable invoice and can neither collect GST from his customers nor can claim the input tax credit on his purchases.

Posted in GST | 8592 Views

RBI will take action as required to keep inflation within expected limits: FM Nirmala Sitharaman

21 February 2023 at 08:39

The Reserve Bank of India will take necessary steps to manage inflation within "expected limits,' Finance Minister Nirmala Sitharaman said at a post-budget industry event in Jaipur on Monday.

Posted in Community & General | 2598 Views

CBDT released new Income Tax Calculator for Old Regime vis-à-vis New Regime as proposed by Finance Bill, 2023

20 February 2023 at 08:40

CBDT released the Tax Calculator regarding the Old Regime vis-à-vis New Regime for Individual/ HUF/ AOP/ BOI/ Artificial Juridical Person (AJP) as per section 115BAC as proposed by Finance Bill, 2023.

Posted in Income Tax | 16404 Views

Key Highlights of 49th GST Council Meeting

20 February 2023 at 08:39

The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi.

Posted in GST | 6864 Views

IT Department carries out survey operations in Delhi & Mumbai

18 February 2023 at 07:33

A survey action under section 133A of the Income- tax Act, 1961(the Act) was carried out at the business premises of group entities of a prominent international Media Company at Delhi and Mumbai.

Posted in Income Tax | 4185 Views

GSTN introduces negative values in Table 4 of GSTR-3B

18 February 2023 at 07:33

The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed,

Posted in GST | 1 comments | 8508 Views

FM Nirmala Sitharaman: Petroleum products under GST framework if states agree

17 February 2023 at 08:37

Finance minister Nirmala Sitharaman on Wednesday said that petroleum products can be included in the Goods and Services Tax (GST) framework once an agreement in this regard is reached among states.

Posted in GST | 5850 Views