Latest Instructions issued on GST Registration, Cancellation & Revocation
Recently important instructions have been issued by the State Tax Department of Odisha to prevent fake GST registrations and weed…
Author: TW Editorial Team
TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.
GSTN issues advisory on Filing of Declaration by GTA
The Goods and Service Tax Network (“GSTN”) has issued an Advisory dated 30th May, 2023 on the filing of declaration in Annexure…
ITR filing: These common mistakes may attract income tax department notice
Filing income tax returns (ITR) for individual taxpayers with salary income and one house property is not rocket science. The…
Companies’ advance tax payments on income tax department radar
The income tax department is closely monitoring advance tax payments by scrutinising companies’ annual and quarterly balance sheets, as well…
SOP for Scrutiny of Returns for FY 2019-20 onwards issued by CBIC
The CBIC vide Instruction No. 02/2023-GST dated 26th May 2023 has issued Standard Operating Procedure (“SOP”) for Scrutiny of Returns for Financial…
Finance Act, 2023 notified by Government of India
On March 31, 2023, the Ministry of Law & Justice, Government of India notified the Finance Act 2023. This notification…
SOP issued to check rise of bogus firms in GST registration
In a bid to prevent use of bogus documents for GST registration, Chief Commissioner of Central GST (CGST) Bhopal zone…
Finance Bill 2023: Lok Sabha Okays The Bill With 64 Official Amendments
As per the amendments proposed in the Finance Bill 2023,Lok Sabha on Friday, benches of the GST Appellate Tribunal would…
CA in Practice can be Director Simpliciter or Professional Director: ICAI
The Board of Discipline of the Institute of Chartered Accountants of India ( ICAI ) has recently held that a…
Demonetisation and its effect on Income tax Collection
No study on effect of withdrawal of legal tender character of the Specified Bank Notes (SBNs) on Indian economy has…
Income Tax sends Rs 8 crore recovery notice to a labourer
In a shocking incident, the Income Tax department sent a notice to a labour for recovery of Rs 8 crores. The person,…
GST advisory for the taxpayer wishing to register as “One Person Company”
Goods and Services Tax Network has issued an Advisory dated 21st March 2023 for the taxpayer wishing to register as “One Person…