CAclubindia News
CBDT's Proposed Alterations to Rule 11UA on Angel Tax and Excluded Entities
20 May 2023 at 07:07CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities
TCS Exempted for Small Debit and Credit Card Transactions Abroad up to Rs 7 Lakh
20 May 2023 at 07:04Clarification regarding applicability of Tax Collection at Source to small Debit/Credit Transactions under LRS
RBI | Rs 2000 Notes to be Withdrawn from Circulation but Remain Legal Tender
19 May 2023 at 19:43Rs.2000 Denomination BanknotesWithdrawal from Circulation; Will continue as Legal Tender
FAQs w.r.t. TCS on foreign remittance through Liberalised Remittance Scheme
19 May 2023 at 08:40The e-Gazette notification dated May 16, 2023 omits Rule 7 of the FEM(CAT) Rules, 2000. Here are the Frequently Asked Questions ("FAQs") w.r.t. Tax Collection at Source (TCS) on foreign remittance through the Liberalised Remittance Scheme.
RBI includes International Credit Card usage in LRS, mandates 20% TCS w.e.f 1st July 2023
19 May 2023 at 08:38Spending in foreign exchange through international credit cards will be covered under the RBI's LRS, under which a resident can remit money abroad up to a maximum of $2.50 lakh per annum without the authorisation of the Reserve Bank
GSTN introduces convenient IRN retrieval via document numbers
19 May 2023 at 08:37The Goods and Services Tax Network ("GSTN") has enabled the functionality to find the Invoice Reference Number ("IRN") through the Document Number
Legal Powerhouses from Gaming Industry Seek Prime Minister's Support
19 May 2023 at 08:36Several top law firms representing the gaming industry, have written to the Prime Minister's Office (PMO) urging the GST Council to maintain the current taxation regime for the online gaming industry.
Special Drive Launched to Combat Tax Evasion through Fake GST Registrations
18 May 2023 at 08:37With GST evasion crossing over Rs 1 lakh crore in 2022-23, Centre and state tax officers have initiated a two-month-long special drive to identify fake GST registration and nab offenders.
GST Probe Expands: 10 Additional Insurers to Receive Notices Soon
18 May 2023 at 08:36The goods and services tax department has widened the probe against insurance companies for alleged wrongful availment of input tax credit.
GST Registration Advisory on New Functionality to view Aadhaar Authentication Status
17 May 2023 at 08:47New functionality to view Aadhaar authentication status, to view/ download e-KYC documents for new registration applications and to upload e-KYC documents in PV report-reg.
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