CBIC clarifies GST treatment of vouchers, including trading, commission models, and unredeemed vouchers (breakage), providing clarity for businesses and distributors.
CBIC clarifies place of supply for online services provided to unregistered recipients under IGST Act, including mandatory state name on invoices
CBIC clarifies ITC eligibility for goods delivered under Ex-Works contract as per Section 16(2)(b) of CGST Act, 2017
The circular clarifies that electronic commerce operators under section 9(5) of CGST Act need not reverse input tax credit for specified services, excluding restaurant services.
Last date of filing Form CSR-2 separately on or before 31st December, 2024, (after filing Form No. AOC-4 or Form No. AOC-4-NBFC (Ind AS) or Form No. AOC-4 XBRL, as the case may be) is now extended to March 31, 2025.
CBDT extends the deadline for filing belated or revised income tax returns for AY 2024-25 from Dec 31, 2024, to Jan 15, 2025.
Legal opinion sought by NFRA on auditing standards, penalties, and regulatory roles in India. Analysis of NFRA’s powers under the Companies Act, 2013.
In this article, we provide a brief overview on certain tax-saving checklist for taxpayers in India to ensure that taxpayers take adequate steps to review their tax status and any opportunity for tax planning.
ICAI concludes its 26th Central and 25th Regional Council elections. The new term will start on February 12, 2025, with 32 Central and 64 Regional Council members.
CBDT extends the due date for determining payable amounts under the Direct Tax Vivad Se Vishwas Scheme to January 31, 2025.
