How to revise Income tax return: All you need to know
For a normal salaried individual the due date for filing income tax return (ITR) for the AY 2023-24 (FY 2022-23)…
Author: Frah Saeed
Frah Saeed is a law graduate specializing in the core field of indirect taxes and is the Co-founder of taxwallah.com. She has authored many publications on GST and is into full-time consultancy on GST to big corporates. She as a part of taxwallah.com heads a team comprising of Chartered Accountants and Advocates and plays a key role in our mission to disseminate GST knowledge to all.
GST on allocation of common expenses and cost of internally generated services
GST on allocation of expenses and cost of internally generated services by Head Office (HO) to Branch Office (BO) has…
CBIC issues clarification on levy of interest on wrong availment of IGST Credit
CBIC has issued a clarification vide Circular No. 192/04/2023-GST dated 17th July,2023, on charging of interest under section 50(3) of…
Latest CBIC Circular on how to deal with ITC mismatches- GSTR-2A vs. GSTR-3B
CBIC has vide its Circular No. 193/05/2023-GST dated 17th July, 2023 has issued clarification to deal with difference in Input…
ITC Mismatches in GSTR-3B vs GSTR-2A: Latest GST Council recommendation
In 50th GST Council meeting held yesterday amongst several recommendations one is in regard to procedure for verification of input…
E-commerce players face challenges on drive against fake GST registration
According to the CBIC, the government’s recent two-month drive against fake GST identified around 45,000 entities and has detected evasion…
30 fake firms, 150 entities involved in GST fraud worth hundreds of crores
At least 30 fake firms and over 150 entities have been found to be involved in Goods and Services Tax…
GST Compliance Calender for June, 2023
For the ready reference of our readers, we have compiled a GST compliance calendar containing the important dates for compliance…
No LTCG benefits on debt MFs: 7 key changes that are coming into effect from April 1
The government has announced a slew of changes in the income tax rules that will come into effect from the…
HSN Code Reporting in e-Invoice on IRPs Portal
The Goods and Services Tax Network ( GSTN ) has issued an Advisory dated 22nd March 2023 on HSN Code…
Tax Calculator to check tax saving in new Tax Regime as proposed by FB, 2023
FM said, while presenting the Union Budget, 2023 that we are also making the new income tax regime as the…
GST Breaking: Revocation of cancellation of GST Registration provisions amended
The 49th GST Council Meeting which was held today and Chaired by Finance Minister Nirmala Sitharaman has extended the Time Limit…