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    Prescribing manner of filing an application for refund by unregistered persons

    Instances where the unregistered buyers, who had entered into an agreement/ contract with a builder ...

    Clarification with regard to No claim bonus and Applicability of e-invoicing in GST

    No claim Bonus It is, clarified that there is no supply provided by the insured to the insurance ...

    Entitlement of ITC where the place of supply is determined in terms of section 12(8) of the IGST Act, 2017

    Section 12(8) of the IGST Act, 2017 provides for the place of supply of services by way of transport...

    Difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to FORM GSTR- 2A for FY 2017-18 and 2018-19

    Circular provides clarification to deal with Difference in ITC in the following scenarios: sup...

    Central Government notifies Exemption from Quoting Aadhaar / Enrolment ID to certain individuals

     The Central Government has notified that the requirement of quoting of Aadhar / Enrolment ID s...

    Form 10F: Partial relaxation is provided to Non-residents not having PAN

    Due to the practical difficulties that non-resident (NR) taxpayers without PAN are having in complyi...

    Amendments in the CGST Rules, 2017

    Consequent to the appointment of Competition Commission of India as the authority for anti-profiteer...

    Empowering the Competition Commission of India to handle Anti-Profiteering cases under the CGST Act

    Central Government on the recommendations of GST Council has empowered the Competition Commission of...

    Interest on delay in filing of GSTR-3B to be paid even if tax was already deposited in electronic cash ledger

    High Court in one of the case law decided that Where petitioner denied liability to pay interes...

    Section 194H TDS applicable on additional sum charged by agents over & above net are of air tickets

    In one case, the Supreme Court ruled that where the assessee-airlines had passenger sales agency (PS...

    Presentation of movement in a non-current financial asset in the Cash Flow Statement

    According to  (Ind AS) 115, "Revenue from Contracts with Customers," the consideratio...

    NFRA issues Audit Quality Inspection Guidelines for Audit Firms undertaking audits of Public Interest Entities

    The audit profession's quality has been significantly improved with the publication of NFR...

    Changes to Table 4 of GSTR 3B: ITC Reversal, ITC Availment, and Ineligible ITC Reporting

    The Government of India announced a few changes to Table 4 of Form GSTR-3B in Notification No. 14/20...

    The MCA amends the Companies (Specification of definition details) Amendment Rules, 2022, which modifies the definition of "Small Company"

    On 15th September 2022, through the exercise of powers conferred in Section 469, Sub-Section (1) and...

    The DGFT Issues a Notification Regarding the Revision of PET Flake Import Permission

    The Directorate General of Foreign Trade published a notification on September 14, 2022, about the c...

    The government extends import licenses for Class A and B medical gadgets by six months.

    The Central Drugs Standard Control Organization must issue the medical device importer with an impor...

    The CBIC Raises the AIDC on Platinum and Rhodium Imports

    Through the powers given by Section 25, Sub-Section (1) of the Customs Act, 1962 (52 of 1962) to be ...