October 2023 Compliance Calendar – GST & Income Tax
In the world of taxation, adhering to compliance deadlines is akin to the heartbeat of financial responsibility. Understanding and meeting …
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Gross GST collection rises 10% to over Rs 1.62 trillion in September
Gross GST collection rose 10 per cent to over Rs 1.62 trillion in September, crossing the Rs 1.6 lakh crore …
It’s final GST on Online Gaming from 1 October 2023 – Act Amended
As per announcement made in 50th GST council meeting Government Taxed Online Gaming under GST, for which act and rule …
RBI Extends the Date to Deposit ₹2000 Notes – Relief to non depositers
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 banknotes from circulation vide Press Release 2023-2024/257 dated May …
Procedure, format and standards for deduction of Income-tax at any lower rate or no deduction u/s section 197(1) -through TRACES
Notification No.02/2023 (F. No. CPC(TDS)/ 197 Certificate/Annex-11/2023-24) Dated 27th September 2023 Online filing of applications in Form 13 with Annexure-II …
Govt increases windfall tax on petroleum crude, cuts levy on diesel, ATF
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to …
CBDT notified Form 10-IFA for opting for tax regime u/s 115BAE of the IT Act by co-operative society
The CBDT vide Notification No. 83/2023 dated September 29, 2023, in accordance with its authority under section 115BAE(5) and section 295 …
Implementation of atleast 6 digit HSN in e-Invoices and e-Waybills has been deferred- No Date given
A big relief is give to taxpayers who are liable to make E invoice and E way bill. HSN code …
Higher compliance has boosted monthly GST collections: CBIC chief
CBIC chief Sanjay Kumar Agarwal on Thursday said increased monthly GST collections are mainly on account of higher compliance, and …
Changes in Export and Refund Rules under GST from 1 October 2023
In 50th GST council meeting recommendation was made for, provisions of section 123 of Finance Act, 2021, amending section 16 …
