CBIC Developed an Online Monitoring System to Oversee GST Audits

The Central Board of Indirect Taxes and Customs (CBIC) has developed a…

Issuance of bonus/ right shares by public company and loan settlement by banks will not attract TDS: CBDT

Section 194R was introduced with effect from 1st July 2022 to deduct…

Centre Revises Small Company Definition To Ease Compliance Burden

The Ministry of Corporate Affairs (MCA) has revised the paid-up capital and…

Ensure to note ITC changes in GSTR-3B of August 2022

You must note a crucial change while preparing GSTR-3B for August 2022.…

Karnataka AAR: Works Contract Services to Slum Development Board Attracts 18% GST

Karnataka Authority of Advance Ruling (AAR) has ruled that works contract services…

CBIC Releases Circular on Re-opening of Transitional ITC Claims Window

Following the Supreme Court’s order, the Central Board of Indirect Taxes and…

e-Way bill generation post a record-high number in Aug 2022

The government has recorded 78.21 million e-way bills created by businesses for…

Delhi HC: Penalty Can’t be Imposed for Mere Expiry of e-Way Bill

Delhi High Court ruled that the penalty for the expiry of an…

Monthly GST collections recorded at over Rs.1.4 lakh crore last six months

The monthly GST collection for August 2022 is Rs.1,43,612 crores. The figure…

Indian Railways: GST Applicable on Cancelling AC Class Confirmed Tickets

The Indian Railways clarified the rules governing cancellation and refund of tickets…