Recommendations of 49th GST Council Meeting
Government of India to clear entire pending balance GST compensation of Rs. 16,982 crore for June’2022
GST Council adopts report of Group of Ministers (GoM) on GST Appellate Tribunal with certain modifications
GoM report on Capacity ...
Read More
The Blogs
An overview of the Karnataka Budget for FY 2023-24
An overview of the Karnataka Budget for FY 2023-24
Tax Proposals
Simplification of Profession Tax Act. Increase in exemption limit for lower income employees from Rs.15,000 to Rs.25,000
For effective verification of dealers transactions and to ensure data similarity, Govt have switched ...
Read More
Visiting the changes effected by 49th GST Council Meeting: A Short Overview
Visiting the changes effected by 49th GST Council Meeting: A Short Overview
1. It has been decided to extend the exemption available to educational institutions and Central and State educational boards for conduct of entrance examination to any authority, board or ...
Read More
Short Overview of 49th GST Council Updates
Short Overview of 49th GST Council Updates
1. Exports of pan masala, gutka, chewing tobaccos to beallowed against LUT only
2. No capacity-based taxation for Pan-masala, Gutkha and other tobacco related items as such levy is against constitutional provision because ...
Read More
Recommendations of 49th GST Council Meeting
Recommendations of 49th GST Council Meeting
Ministry of Finance
Recommendations of 49th GST Council Meeting
Government of India to clear entire pending balance GST compensation of Rs. 16,982 crore for June’2022
GST Council adopts report of Group of Ministers (GoM) on GST Appellate ...
Read More
Introduction of Negative Values in Table 4 of GSTR-3B
Introduction of Negative Values in Table 4 of GSTR-3B
1.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 ...
Read More
Thane Rural Division of Maharashtra Goods and services Tax Department arrested one person for fake invoices worth Rs. 39.23 Crores.
Thane Rural Division of Maharashtra Goods and services Tax Department arrested one person for fake invoices worth Rs. 39.23 Crores.
Read More
GST inspector-turned-model under ED Scanner in Rs.64cr TDS scam
GST inspector-turned-model under ED Scanner in Rs.264cr TDS scam
Read More
Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns
Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns
Recently, a functionality of "Automated Drop Proceedings" of GSTINs suspended due to non-filing of returns has been implemented on the GST Portal. This functionality is available for ...
Read More
Statuory Tax Compliance Calendar for February- 2023
Statuory Tax Compliance Calendar for February- 2023
INCOME TAX
▪ 07th Feb 2023- Due date for TDS/TCS payment for Jan’23.
GST
▪ 11th Feb 2023-Due date of filling GSTR-1 for the month of Jan- 2023 who does not opt QRMP (Quarterly Return Filing ...
Read More
Union Budget 2023: Important changes proposed in CGST and IGST Acts:*
Union Budget 2023: Important changes proposed in CGST and IGST Acts:*
*-CGST Act.*
Sec 10 – Composition dealers of goods in 10(2)& 10(2(A) are allowed to sell through ECO
Sec 16 – Where the payment has not been made to the supplier ...
Read More
Compliance Calendar For The Month of Feb – 2023
Compliance Calendar For The Month of Feb – 2023
Compliance Calendar For The Month of Feb – 2023
INCOME TAX
Due Date
Period
Compliance Detail
Applicable To
07th Feb 2023
Jan 2023
Deposit of Tax Deducted
Non-Government Deductors
15th Feb 2023
Oct –Dec 2022 { Q3- FY 2022-23 }
TDS Certificate { ...
Read More
SEZ unit not required to pay GST under RCM
SEZ unit not required to pay GST under RCM
Here is one welcome Ruling which will put to rest a lot of controversy & confusion with regard to the applicability of the GST under RCM to the SEZ unit.
Recently, Appellate ...
Read More
Not all Minor income is subject to the Clubbing Provision
Not all Minor income is subject to the Clubbing Provision
Youtube, Instagram, Facebook, Snapchat, LinkedIn etc have become an important part of life now. People are spending more & more time on social media now. It is not only a ...
Read More
GST Penalty on Transport of Goods without E-way Bill: An overview
GST Penalty on Transport of Goods without E-way Bill: An overview
If e-way bills are not generated where required for transporting of goods then it attracts the penalty under:
Section 122(1)(xiv) of CGST Act, 2017
- penalty higher of ₹ 10,000/- ...
Read More
Launch of 5 new reports on ADVAIT portal (GST)
Launch of 5 new reports on ADVAIT portal (GST)
What is ADVAIT ?
It stand for Advanced Analytics in Indirect Taxation (ADVAIT). This is the project launched by CBIC to fulfill the mandate of revenue mobilization and tax policy formulation. The main ...
Read More
Whether Cash can be seized by the GST Department?
Whether Cash can be seized by the GST Department?
Delhi High court recently in the Write filed before it in W.P.(C) 12499/2021 in Arvind Goyal CA and Ors. v. Union of India and Ors. has held that it cannot be done. ...
Read More
GST ON THE FREELANCER CONTENTS WRITER, VLOGGERS, BLOGGERS, YOUTUBER, & SOCIAL MEDIA INFLUENCERS
GST ON THE FREELANCER CONTENTS WRITER, VLOGGERS, BLOGGERS, YOUTUBER, & SOCIAL MEDIA INFLUENCERS
YouTube, Instagram, Facebook, Snap chat, LinkedIn etc have become an important part of life now. People are spending more & more time on social media now. It ...
Read More