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339th Issue: 27th February 2022- 5th March 2022
Over the past six months, the taxpayers witnessed the gradual implementation of various e-invoicing provisions based on the turnover of the taxpayers. Various notifications have been issued, prescribing the taxpayers, to comply with e-invoicing requirements. The CBIC lowered the threshold for mandatory issuance of e-invoice
338th Issue: 20th February 2022- 26th February 2022
Since the implementation of GST, the claim of the input tax credit has witnessed multiple amendments with Government’s intention to allow ITC on invoices/debit notes which are uploaded by the suppliers in GSTR-1. At the inception of GST, the availment of ITC was envisaged as
337th Issue: 13th February 2022- 19th February 2022
The newly proposed Section 194R of the Income Tax Act in its present form would be a big compliance challenge for businesses as there are multiple types of perquisites & benefits that are extended to their dealers/ distributors/agents/ channel partners etc with the objective of
336th Issue: 6th February 2022- 12th February 2022
The Hon’ble Finance Minister Smt. Nirmala Sitharaman on 01st February 2022 presented the Union Budget 2022. The budget is a vision document and has given ample scope for the youth to turn into entrepreneurs and in turn, become employment generators. Recently, there has been a
The Finance Bill, 2022
Goods and services tax Key changes The matching concept by way of a two-way communication process has been done away with. Further restrictions on availing of ITC by way of amending section 16 read with section 38. Limitation period wherever linked with date of filing
335th Issue: 30th January 2022- 5th February 2022
EDITORIAL Friends, Recently, a detailed guideline has been issued by The Central Board of Direct Taxes (CBDT) in the matter of how taxes would be calculated on maturity proceeds of ULIPs vide Circular No. 2 of 2022 dated 19th January 2022. The CBDT, which frames
334th Issue: 23rd January 2022- 29th January 2022
EDITORIAL GST on transactions between Head office and Branch office has been a contentious issue since the inception of GST as the said transactions were not liable to any tax under the pre-GST regime. A recent ruling by the Appellate Authority for Advance Ruling (AAAR)
Limitation Extension Order Passed by the Supreme Court in View Covid-19 Applicable to Applications Filed for Refund of GST
Saiher Supply Chain Consulting Pvt. Ltd. D-902, Times Square Building, Marol, Andheri Kurla Road, Andheri East, Mumbai – 400 059 Versus 1. The Union Of India & Ministry of Law and Justice, 4th Floor, A Wing, Rajendra Prasad Road, Shastri Bhavan, New Delhi – 110
333rd Issue: 16th January 2022- 22nd January 2022
EDITORIAL As a facilitation measure for taxpayers & for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B. This functionality will arrive at the system computed interest on the basis of the tax liability values
332nd Issue: 9th January 2022- 15th January 2022
The Harmonized System of Nomenclature or HSN is an internal system of naming goods. Conceptualized by the World Customs Organisation, the main purpose of HSN is to classify goods in a systematic and logical manner. This brings in a uniform classification of goods and facilitates
331st Issue: 2nd January 2022- 8th January 2022
The 46th GST Council meeting, chaired by Hon’ble Finance Minister and comprising state FMs, was held on December 31, 2021, with a single agenda to consider Gujarat’s demand of putting the rate hike on textiles decision on hold, as also representations received from trade in
CGST Act With Amendments – Download PDF Updated Till February 2023
CGST Act 2017 With Amendments Updated Till February 2023 – Download Free PDF To read the CGST Act 2017 with amendments till February 2022, download the PDF added at the end of this article. Download CGST Act with amendments, With FB 2021 updates These changes
CA Shafaly Girdharwal