AUGUST 2023 TAX COMPLIANCE CALENDAR
GST: PARTICULARS NATURE TAX PERIOD DUE DATE GSTR-7 TDS DEDUCTORS UNDER GST JULY 2023 10 AUGUST 2023 GSTR-8 TCS COLLECTERS …
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ITR filing: You must e-verify your returns after filing
The Income Tax Department on Saturday asked all taxpayers to file their income tax returns (ITR) before July 31. With …
Not akin to residential units, hostel accommodation to attract 12% GST: AAR
Students will have to shell out more for hostel accommodation as a 12 per cent GST would be applicable on …
Reverse Charge (RCM) under GST
Meaning of Reverse Charge Mechanism As per Section 2(98) of the Central Goods and Services Tax Act, 2017 (‘CGST Act’). …
GST Rule 86B, Restriction on use of electronic cash ledger
Rule 86B. Restrictions on use of amount available in electronic credit ledger.- Inserted (w.e.f. 01.01.2021) vide Notification No. 94/2020 – CT dated 22.12.2020. Notwithstanding …
GST officers arrest 3 for fraudulent ITC claims of Rs 557 cr, fake firms
GST officers have unearthed two fake billing rackets involving 246 shell/fake entities involved in fraudulently passing input tax credit (ITC) …
Date Extended for ITR for Co operative societies for various assessment years from AY 2018-19 to AY 2022-23.
Circular 13/2023 Dated 26 July 2023 of Income Tax is issued to give relief to co operative societies Subject: Condonation …
234F: Late Fee for delay in filing ITR, ITR Filing after Due Date late fee
Section 234F is a provision under the Indian Income Tax Act, which deals with the late filing fee for income …
234C – Interest for deferment of advance tax
Section 234C of the Indian Income Tax Act deals with the interest charged on the deferment or underestimation of advance …
Section 234B (Interest for defaults in payment of advance tax)
Section 234B is a provision under the Indian Income Tax Act, 1961, related to the interest charged on the underpayment …
