Understand the intricacies of Input Tax Credit (ITC) under GST in scenarios where the supplier hasn’t filed GSTR-1 or GSTR-3B on time. Learn about the impact on recipients, actions to take, and safeguarding strategies for ITC availment. Stay informed to make sound financial decisions.
Renewal of license/ registration upon submission of the application by the FBO shall be granted instantly, without requiring the scrutiny/approval of the concerned authority
GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi the 21st January, 2023 G.S.R .—In exercise of the powers conferred under sub-section (2) of section 42, sub-clause (ii) of clause (a) of 43, sub-clause (d) of sub-section (1) of section 54, sub-section (2) of section 55, sub-sections (1) and (3) of section 56, sub-section […]
Andhra Pradesh High Court held that when investigation has already been commenced prior to filing of an application before Advance Ruling Authority (ARA), the authority should not admit the application and thereafter issue its ruling. Accordingly, the order is liable to be set aside.
These rules may be called the Companies (Management and Administration) Amendment Rules, 2023. They shall come into force with effect from 23rd January, 2023.
Explore the late filing fees under GST for various returns like GSTR1, GSTR3B, GSTR-4, GSTR-7, GSTR 9, and GSTR9C. Understand the maximum late fees per return and relevant notifications. Learn about the concerning issue related to the delay in filing annual return GSTR 9 and the potential impact on the taxpayer.
Discover the impact of Budget 2023-24 on key sectors like education, healthcare, agriculture, infrastructure, manufacturing, and Digital India. Uncover how the government’s allocations aim to enhance quality of life, stimulate economic growth, and address the diverse needs of the nation.
Explore the key provisions of the Draft Digital Personal Data Protection Act, 2022. Understand definitions, applicability, consent, rights of data principals, and more. Stay informed about the evolving landscape of digital data protection laws in India.
Subramanya Karthik Vs ITO (ITAT Bangalore) ITAT held that decisions cited by the learned Counsel for the assessee proceed on the assumption that the disallowance of employees’ share of PF and ESI paid beyond the due dates under relevant law has been made only under section 143(1)(a)(iv) of the Act, while in the intimation under […]
In order to revive the sinking Indian economy and to boost a new life into the veins of Indian Corporate and Industrial Sector, Indian Government of that time took some serious and commendable steps, which included the enactment of several new Statue, acts and establishment & recognizing the statutory bodies.
