Fema / RBI : RBI has launched the Integrated Ombudsman Scheme, 2026, providing a centralized, cost-free mechanism for resolving complaints agai...
Fema / RBI : RBI has updated the FLA Return FAQs, clarifying who must file, the 15 July deadline, revision procedures, and reporting requiremen...
Income Tax : Learn who can apply for an advance ruling, applicable fees, withdrawal rules, and its binding effect under the Income-tax Act. The...
Company Law : The document clarifies that a director's resignation becomes effective upon receipt by the company or the specified future date, w...
Income Tax : Understand who must undergo a tax audit under Section 44AB, the applicable turnover limits, audit forms, filing procedure, due dat...
Corporate Law : MoSPI will introduce the Index of Services Production (ISP) to measure short-term changes in the formal services sector. The month...
Finance : The FAQs clarify the implementation of the IFSCA AML/CFT/KYC Guidelines, covering customer due diligence, reporting obligations, g...
Finance : The IFSCAs updated framework supersedes previous sandbox regulations and establishes a unified regime for FinTech testing in IFSCs...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Fema / RBI : RBI has clarified reporting requirements, valuation methods, submission procedures, and entity obligations under the Portfolio Inv...
SEBI : NSE released detailed FAQs to address practical issues in submitting Quarterly Integrated Filing – Governance reports through XB...
Finance : The circular addresses uncertainty in FLA reporting FAQs under FEMA. It directs institutions to pause action until regulatory clar...
Corporate Law : FSSAI introduced perpetual licenses and simplified registration norms to ease compliance. The reforms reduce costs while maintaini...
SEBI : FPIs can now apply for Digital Signature Certificates directly within the CAF portal. The move simplifies onboarding and reduces p...
Goods and Services Tax : GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-popula...
1. What is Post GST Registration Site Visit? Post GST Registration Field Visit is a visit by the tax authorities to the premises of the taxpayer i.e. the Principal place of business or additional place of business or both, post grant of registration to the taxpayer. 2. Who will conduct the Field Visit of the […]
GST OFFLINE TOOLS 1. Taxpayer’s guide on preparing returns through offline tools Entering details in the worksheet of GST Offline Tool Ans. Download the latest version of GST Form Offline Tool from the GST portal https://www.gst.gov.in/download/returns ♦ Launch the GST form Excel based Offline Tool and navigate to worksheet Home. ♦ Enter details in each […]
(Some are available and others will come in 15 days) Q.1 Tax Payer-wise outward/inward supplies (Available) Ans: Using the Outward Supplies option under Summary Reports, officer can view the monthly reports for all the outward supplies for a selected office and month. This can be used to compare with the filing/non-filing of the return 3B by […]
1. Why alerts are provided while verifying the EWB by officer? •Alerts are provided to officers so that he is informed beforehand that the e-Way Bill which is being verified by him is needed to be examined further. The types of alert are > EWB is cancelled > EWB is rejected > EWB is expired […]
FAQs of GSTR-7 Offline Utility 1. Can I file complete Form GSTR-7 using Offline Utility? No. Filing of Form GSTR 7 can take place only online on the GST Portal. Using Offline Utility, you will be able to prepare details of Table 3 and Table 4 (in offline mode) but remaining activities for filing Form […]
Article Answers 1. Who needs to register under GST as a TCS? 2. How can register as TDS or TCS? 3. Are there any preconditions I must fulfill before registering with GST as a TDS or TCS? 4. Do I get registered automatically after submitting the registration application along with the prescribed documents?
Articles explains amended Provisions related to Managerial remuneration of Managing Director (MD), Whole Time Director (WTD) and Directors under Companies ACt, 2013 as amended by Companies (appointment and remuneration of managerial personnel) Amendment Rules 2018, Amended Schedule V of Companies Act, 2013 and amended section 196, 197, 198, 200 and 201 of Companies Act, 2013 as […]
1. What should I do if I don’t have ‘Transporter Id’ but want to enter and generate ‘Part-A slip’? This is not possible as per rule 138(3). If the tax payer is not having the details of ‘Transporter Id’ but he still wants to enter and generate the ‘Part-A Slip’, then he has to compulsorily enter
As per Section 52(1) of the CGST Act, 2017, TCS is to be collected by an electronic commerce operator on the net value of taxable supplies made through it by other suppliers where the consideration with respect to such supplies is to be collected by such operator.
Who is required to deduct the TDS under GST (i.e. who is the deductor) ? As per Sec. 51(1) of the CGST Act, 2017 read with Notification No. 50/2018 – Central Tax dated September 13, 2018, following persons are required to deduct the tax:
