Recently, a functionality of "Automated Drop Proceedings" of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal.
ICAI had instituted ICAI Awards in the year 2007 to honour and acknowledge the exemplary achievements of its Members who have attained exceptional levels of professional achievements in industry and business and are committed towards their goals.
Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said.
The CBIC vide Circular No. 190/02/2023- GST dated January 13, 2022 has issued clarifications regarding the applicability of GST on certain services.
The CBIC vide Circular No. 189/01/2023-GST dated January 13, 2022 has issued clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 48th meeting held on December 17, 2022.
Recently, a functionality of Automated Drop Proceedings of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal.
The Permanent Account Number (PAN) is likely to receive legal backing as the single business identification number in the upcoming Budget 2023, according to a recent report.
New Functionalities made available for Taxpayers on GST Portal (December, 2022)
Gross collections at Rs. 14.71 lakh crore 24.58% higher than the corresponding period of last year
Exposure Draft for issuing Guidance Note on Audit of Public Charitable Institutions under section 12A of the Income-Tax Act, 1961 for Public Comments