Read Circular No. 193/05/2023-GST from CBIC regarding the clarification on availing Input Tax Credit (ITC) in GSTR-3B and GSTR-2A for the period 01.04.2019 to 31.12.2021. Understand the guidelines and conditions for dealing with discrepancies and the eligibility of ITC based on rule 36(4) of CGST Rules
Institute of Cost Accountants of India has officially constituted the Greater Noida Chapter, covering the area of Greater Noida in Uttar Pradesh.
CBIC Circular No. 192/04/2023-GST provides clarification on charging interest for wrong availment of IGST credit and its reversal under section 50(3) of the CGST Act, 2017. The circular addresses the utilization of wrongly availed IGST credit for interest calculation and the exclusion of compensation cess credit.
A detailed analysis of the bail case involving Ravinder Nath Sharma and the Union of India at the Allahabad High Court. Get insights into the court’s judgment related to GST recovery and illegal arrest allegations.
Stay updated with the latest amendment to the Income Tax Rules 1962 regarding proposals related to International Financial Services Centers (IFSC) in the Finance Act 2023. Understand the key changes and their implications.
Discover the latest trade notice from DGFT regarding the introduction of a user-friendly and searchable database for Ad-hoc Norms fixed under Para 4.07 of HBP. Simplify the advance authorisation and Norms Fixation process with this trade facilitation measure. Access the database on the DGFT website and apply for Advance Authorisation without Norms Committee approval.
Learn about the Directorate General of Foreign Trade’s (DGFT) Advance Authorisation Scheme, enabling duty-free import of inputs for export purposes. Explore the significant enhancements in the Advance Authorisation and Norms Fixation Workflow, simplifying the process and improving ease of doing business.
Explore the details of the case between Voith Siemens Hydro Private Limited and ACIT regarding transfer pricing proceedings. Analyze the expenses incurred for engineering services and administrative support services, the examination of invoices, and the arguments presented. Understand the outcome and implications of the case.
Discover the key points of Form DPT-3 under the Companies Act, 2013. Learn about its applicability, filing frequency, reporting details, consequences of non-filing, and exempted transactions.
Uncover the concerns and challenges of GST Rule 88C, introduced through Notification No. 26/2022-Central Tax, in the form of FORM GST DRC-01B. Explore the potential abuse of power, short response time, and initiation of recovery under Section 79. Understand the implications and consider the constitutionality of Rule 88C. Stay informed and protect your rights.
