News & Articles

Day: September 5, 2023

Finance & Accounts
RECENT CLARIFICATIONS IN GST

Category Finance & Accounts, GST, Investment September 5, 2023 guidelines for scrutiny of gst returns CBIC has issued following Circulars to implement decisions taken by the GST Council in 48th Meeting held on 17.12.2022: CBIC has issued Circular Nos. 183 to 188/2022-GST dated 27.12.2022 as follows: 183/15/2022-GST – Clarification to deal with difference in Input Tax Credit (ITC) availed in Form GSTR-3B as

GST
GUIDELINES FOR SCRUTINY OF GST RETURNS

Category GST, Legal September 5, 2023 guidelines for scrutiny of gst returns CBIC has issued Instruction No. 02/2022-GST dated 22.03.2022 containing Standard Operation Procedure (SOP) for scrutiny of returns under section 61 of CGST Act, 2017 read with rule 99 of CGST Rules, 2017 for the financial year 2017-18 and financial year 2018-19. This will serve as guidelines for GST officials. This SOP contains the

GST
DIRECT AND INDIRECT TAX BUDGET UPDATES FY 23-24

Category GST, Income Tax September 5, 2023 direct and indirect tax budget updates fy 23-24 Union Budget 2023-24 has been presented by the Finance Minister in the Parliament. It has been built on the foundation in place and blueprint for India@100. It states that our current year’s economic growth is estimated to be at 7

GST
LEVY OF GST ON ONLINE GAMING

Category GST, Wealth Management September 5, 2023 levy of gst on online gaming The 50th meeting of GST Council which was held on 11.07.2023, took various steps and measures towards trade facilitation and streamlining the GST compliances which, inter alia, included acceptance of report of Group of Ministers on GST on casinos, race courses and online games and deciding rate