When the GST came into existence i.e 01.07.2017, Government has allowed the assessee whether registered or not under old tax regime to claim the credit for already paid tax. For claiming the tax credit GST Registered people has to file the details in form TRANS 1 and TRANS 2. TRAN 1 is used by GST Registered […]

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SEBI vide its notification dated 25th July, 2022 made amendments in SEBI (LODR) Regulations, 2015. These amendments will immediately come into effect and may be called  the  Securities  and  Exchange  Board  of  India  (Listing  Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 2022. These amendments provides the framework for Social stock exchange which majorly provides eligibility of […]

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The Ministry of Finance, Department of Revenue vide Circular No. 178/10/2022-GST dated August 03, 2022 has inter-alia observed and clarified that- the service of agreeing to the obligation to refrain from an act or to tolerate an act or a situation, or to do an act is nothing but a contractual agreement; a contract to do […]

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Notification No. 10/2022:- Exemption to taxpayers having AATO upto Rs. 2 crores from the requirement of furnishing annual return for FY 2021-22 In exercise of the powers conferred by the First proviso to Section 44 of CGST Act 2017. The Commissioner on the recommendation of the council hereby exempts the registered taxpayers, having aggregate turnover […]

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The Central Consumer Protection Authority (CCPA), has been established under the Consumer Protection Act, 2019 to regulate matters relating to violation of rights of consumers, unfair trade practices and false or misleading advertisements which are prejudicial to the interest of public and consumers and to promote and enforce the rights of consumers as a class. […]

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In exercise of the powers conferred by sub-section (6) and (7) of section 39 of the Central Goods and Services Tax Act, 2017, the Central Board of Indirect Taxes & Customs (CBIC) vide Notification No. 05/2022 and Notification 06-2022, dated 17th May 2022 extended the due date for filing of Form GSTR-3 Band GST PMT […]

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In exercise of the powers conferred by sub-sections (1) of Section 18 of The Bihar Tax on Professions, Trades, Callings and Employments Act, 2011 (Bihar Act 10, 2011), the Government of Bihar, vide Notification S.O. 68, dated 13th January, 2022 has amended the Bihar Professional Tax Rules, 2011 which shall come into force on the […]

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IMPORTANCE OF COMPLIANCE CALENDAR With the growing complexities and ever-growing areas getting under regularized phenomenon, it is always wise to have compliance calendar, whether offline or online, as the requirements are getting changes every now and then and cost of compliance is way more than cost of non-compliance. For the organization with professionals on Board, […]

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Periodicity for filing of GSTR-ITC-04 pertaining to the goods dispatched to a job worker or received from a job worker or sent is revised vide notification No. 35/2021–Central Tax G.S.R. 659(E), dated 24th September, 2021  (Copy of Notification – Click) . Brief note on the same is as under:- Turnover upto Rupees 5 Crore : […]

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