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CBIC reduces e-invoicing limit from 10 crore to 5 crore w.e.f. 1st August 2023

   11 May 2023 at 08:59

CBIC has reduced the e-invoicing limit to 5 crore from the current limit of 10 crore starting from 1st August 2023.

Posted in GST  1 comments |   19695 Views


CBIC extended deadline to opt for Forward Charge option by GTAs to 31st May 2023

   11 May 2023 at 08:55

CBIC has issued notification to provide that the option for the Financial Year 2023-2024 to pay tax under Forward Charge by Goods Transport Agency shall be exercised on or before the 31st May, 2023.

Posted in GST |   6768 Views


ICAI defers second phase of Peer Review Mandate

   11 May 2023 at 08:53

The second phase of the mandate is applicable wef July 1, 2023

Posted in Professional Resource |   3444 Views


Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments

   11 May 2023 at 08:52

Exposure Draft on Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7)

Posted in Accounts |   4335 Views


Call for Research Proposal from ICAI members on pre-decided sub-theme and broad areas

   10 May 2023 at 08:48

Short Term Research Studies - Call for Research Proposal by Research Committee (open around the year)

Posted in Professional Resource |   3981 Views


Formation agents of companies, LLPs to be covered under PMLA

   10 May 2023 at 08:47

The government on Tuesday amended the anti-money laundering law to bring individuals acting as formation agents of companies and others under its ambit.

Posted in Income Tax |   6951 Views


Clarification on online gaming, cement rates likely at GST Council meeting in June

   09 May 2023 at 08:43

The much-awaited clarity on online gaming tax rates is expected at the next meeting of the GST Council, which is likely next month. The council is also set to decide on revising the rates for millets and cement at the meeting.

Posted in GST |   4602 Views


GST audit norms likely to be taken up for audit cases from this fiscal

   09 May 2023 at 08:42

In a move that is expected to help businesses as well as reduce litigation, a Model All India GST Audit Manual 2023 has been finalised for use by the Centre and state tax officials.

Posted in GST |   7881 Views


GST notice of Rs 497 crore imposed on UP businessman Piyush Jain

   08 May 2023 at 08:30

The DGGI has imposed a tax liability of Rs 497 crore on Piyush Jain and his three firms, including M/s Odocham Industries, M/s Flora Naturale, and M/s Odosanth Inc.

Posted in GST |   4704 Views


GSTN defers implementation of time limit on reporting old e-invoices by 3 months

   08 May 2023 at 08:29

Deferment of Implementation of Time Limit on Reporting Old e-InvoicesDear Taxpayers,1. It is to inform you that it has been decided by the competent authority to defer the imposition of time limit of 7 days on reporting old e-invoices on the e-invoic

Posted in GST |   12819 Views