ITR Deadline Missed? Know late fees, rules, and penalty for late filing
The last date to file an income tax return (ITR) for the FY 2022-23 was July 31, 2023, which has …
GST 2023
28% GST on online gaming: How will new tax work for players and companies
The Goods and Services Tax (GST) Council, in its 51st meeting on August 2, 2023, decided to stick to its …
GST levy on online gaming may not impact taxation on e-sports, video games
The recently imposed 28 per cent goods and services tax (GST) on online games involving real money will not impact …
Individuals reporting annual income of above Rs 1 cr doubles in 2 yrs
Individuals reporting annual total income of over Rs one crore have doubled to 1.69 lakh in the two-year period ending …
14,277 GST appeals pending against disputed tax demands by authorities
As many as 14,227 appeals against disputed tax demands raised by Central GST authorities are pending as of June 2023, …
Blocking of GSTR-1 New Rules w.e.f 4 August 2023
Government is making GST Rules strict in order to prevent Fake GST Registrations and misuse of ITC. IT is very …
New: DRC-01B, DRC-01C, DRC-01D under GST – for Mismatch in GST liability & ITC in GST Returns
New Rule 88C was inserted in 26th December 2022 under CGST Rules 2017: Rule 88 C. Manner of dealing with …
Govt appoints Sanjay Kumar Agarwal as CBIC chairman, to succeed Vivek Johri
Central Board of Indirect Taxes and Customs The government on Saturday appointed Sanjay Kumar Agarwal as chairman of the Central …
CBIC mulling organisational restructuring to make it more effective
The CBIC is mulling a comprehensive restructuring of the organisation, set up 6 decades ago, to make it more effective …
No RCM on Director Services and GST Rate on Food provided by cinema Halls : Circular 201/13/2023
Representations have been received seeking clarifications on the following issues 1.Whether services supplied by director of a company in his …
