Advisory on E-Invoice - Services Offered by the Four New IRPs
Government launches a one-time settlement Scheme Vivad se Vishwas - II (Contractual Disputes) to effectively settle pending contractual disputes, as announced in the Union Budget 2023-24
CBIC Notifies GSTR-9 Filing Exemption for FY 2022-23 for Small Taxpayers with AATO up to 2 Crore.
CBIC vide Circular No. 201/13/2023-GST dated August 01, 2023 has issued clarifications regarding the applicability of GST on certain services based on the recommendations of the GST Council in its 50th meeting held on July 11, 2023.
The CBIC vide Circular No. 200/12/2023-GST dated August 01, 2023 has issued clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 50th meeting held on July 11, 2023.
₹1,65,105 crore gross GST revenue collected for July 2023; records 11% Year-on-Year growth
New record of over 6.77 crore Income Tax Returns (ITRs) filed till 31st July, 2023; record growth of 16.1% Year-on-Year
In a written reply to the Lok Sabha on Monday, Finance Minister Nirmala Sitharaman said that GST evasion of Rs 14,302 crore was detected in the first two months of the current fiscal year, April-May 2023.
The Mandatory 2 Factor Authentication (2FA) requirement for taxpayers with an Aggregate Annual Turnover (AATO) above 100 Crores has been extended until August 20, 2023
As of August 1, there will be a significant change in the mandatory e-invoicing requirements in India. The aggregate annual turnover threshold for issuing e-invoices will be lowered from ₹10 crore to ₹5 crore.
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