49th GST Council Meeting will be held at New Delhi on February 18, 2023
A recent tweet by the GST Council Official Twitter handle stated that – “the 49th meeting of the GST Council…
Month: February 2023
GST return filings percentage increased from 60 percent two years ago to 85 percent
The Goods and Services Tax (GST) return filings have risen from 60 percent almost two years back to over 85…
Regular taxpayers can opt for Composition Scheme for FY 2023-24
GSTN (www.gst.gov.in) has enabled the functionality for regular taxpayers to opt for the Composition Scheme for Financial Year 2023-2024 by…
Union Budget proposes changes to Income Tax search and seizure provisions
The Union Budget 2023-24 has proposed certain changes to the Income Tax search and seizure provisions in view of the…
Indirect Tax body chairman says huge gap in filing, see scope for boosting GST tax base
The scope for boosting GST tax base of the indirect tax system is high, with a huge gap in its…
Budget 2023: Gaming industry welcomes TDS change, awaits clarity on GST
In the Budget 2023, Finance Minister Nirmala Sitharaman announced a 30 per cent tax on the “net winnings” from online…
Housekeeping staffer in Thane earning Rs 10,000 gets tax notice for Rs 1 crore China deal
Here’s a curious tale involving the common man, a con man and the taxman. A housekeeping worker, formerly a security…
No major GST rationalisation, slab changes planned for now, says revenue secretary
India is not planning any major rationalisation to rates under its goods and services tax (GST) regime and is also…
PROPOSALS IN GST (FINANCE BILL, 2023)
GIST of Amendments (category wise) proposed in GST Budget vide Finance Bill, 2023 is presented in the PPT
Circulars issued during F.Y. 2022-23
All the circulars issued by the CBIC during the period from 01.04.2022 to 31.01.2023 have been summarized in this article under six major heads as:
1. compliance 2. refunds 3. demand and recovery 4. transitional credit 5. input tax credit 6. miscellaneous issues/ clarifications.