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Archive: 16 January 2023

Posts in 16 January 2023

Everything a business needs for E-invoicing under GST

January 16, 2023 10440 Views 0 comment Print

E-invoicing under GST or electronic invoicing is the invoice document exchange between a supplier and a buyer in an integrated electronic format. The government of India announced on October 2022 as India moves towards complete digitalization it is mandatory for businesses above 10 crores to file for e-invoices. In the near future government will lower the threshold to bring all businesses under e-invoicing.

TDS on year end provisions…When applicable, when not

January 16, 2023 9939 Views 1 comment Print

The question arises: when to apply TDS to year-end provisions when the payee is unknown? Learn how to account and deduct TDS when not known with this blog post.

Food Safety and Standards (First Amendment) Rules, 2022

January 16, 2023 2703 Views 0 comment Print

These rules may be called the Food Safety and Standards (First Amendment) Rules, 2022. They shall come into the force on the date of their publication in Official Gazette.

Calculation of Interest on 180-Days Reversals under GST

January 16, 2023 25995 Views 0 comment Print

Understand the calculation of interest on 180-days reversals under GST with the CGST Act, section 50(3). Learn why availment and utilization cumulatively trigger interest levy!

Disallowance of job work expense without culpable evidence is unsustainable in law

January 16, 2023 663 Views 0 comment Print

ITAT Delhi held that disallowance of job work expenses in absence of any culpable evidence, merely on the standalone base of non-compliance of summons served u/s 131 of the Income Tax Act, is unsustainable in law.

Approval u/s 10(23C)(iv) cannot be withdrawn for violation of certain compliance conditions

January 16, 2023 819 Views 0 comment Print

ITAT Delhi held that approval granted under section 10(23C)(iv) of the Income Tax Act cannot be withdrawn on the allegation of violation of certain compliance conditions, once the threshold conditions is duly satisfied.

SC allows Section 10(26AAA) exemption to a sikkimese woman who marries a non-sikkimese

January 16, 2023 3936 Views 0 comment Print

SC allows Section 10(26AAA) exemption to a sikkimese woman who marries a non-sikkimese-held in 146 taxmann.com 271(SC). Find out what this ruling means & what it can mean for you!

Update to all Investment Research Analysts!!!

January 16, 2023 1128 Views 0 comment Print

As a matter of practice, the Research Analysts, by virtue of this circular are now required to facilitate investor awareness about the various activities which an Analyst deals with while availing the services provided by RAs. It is an Investor Charter for Research Analysts.

Section 194-IA of Income Tax Act, 1961-TDS on Sale of Immovable Property

January 16, 2023 11460 Views 3 comments Print

This blog post looks at the requirement of Section 194-IA of Income Tax Act, 1961 to deduct TDS on the sale of immovable property. Discover how and when to deduct TDS.

Modification of ‘Product under Consideration’ to ‘Saturated Fatty Alcohol’ allowed

January 16, 2023 639 Views 0 comment Print

CESTAT Delhi with regard to anti-dumping duty on imports provided the relief of modification of the ‘product under consideration’ to ‘Saturated Fatty Alcohol with a carbon chain length of C12, C14, C16 and C18.

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