REFUND UNDER GST LAWS
REFUND UNDER GST LAWS Following are the common situations where refund can be claimed under GST laws: Refund of accumulated Input Tax Credit on account of inverted duty structure Export...
Module wise new functionalities deployed on the GST Portal for taxpayers
Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund...
CBDT issues Guidelines under section 194Q of Income-tax Act,1961
CBDT issues Circular No.13 of 2021 dated 30th June, 2021 detailing guidelines under section 194Q of Income-tax Act,1961(TDS on purchase of goods), effective from 01.07.2021. Key points of CBDT...
CSR Committee of ICAI is organizing Webinars on the occasion of International Yoga Day
CSR Committee of ICAI is organizing Webinars on the occasion of International Yoga Day – Monday, 21st June 2021.Webinar 1: 7:00 A.M. to 8:00 A.M. https://t.co/syDnkxWHKHWebinar 2: 4:00 P.M. to...
GST Portal- Upcoming functionalities to be deployed on GST Portal for the Taxpayers
As part of our constant endeavour to provide a smooth and hassle free experience to the taxpayers and simplify the process for them, to comply with their GST compliances, following...
Extended ad hoc exemption from IGST
The CBIC vide ad hoc exemption Order No. 04/2021 dated 03May, 2021 to extend the exemption from IGST on imports of specified COVID-19 relief material. [embeddoc url="https://taxconcept.net/wp-content/uploads/2021/06/IGST-Notification-052021-Customs-dated-May.pdf" download="all"]
CBIC Guidebook for Faceless Assessment
cbic_india’s guidebook aims to facilitate the successful implementation of the Faceless Assessment initiative! Guidebook for Faceless Assessment Aids customs officers & other stakeholders in the implementation of Faceless Assessment across...
Cabinet approves strategic disinvestment in IDBI Bank
The Cabinet Committee on Economic Affairs gave in - principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd. As per official statement, the extent...
ICSI postpones all June 2021 CS Exams
ICSI announced postponement of June 2021 examinations
WHO is Live – Media Briefing on COVID-19
https://fb.watch/5fNwGpxXko/
In & Outs of Input Service Distributor Protecting the Recipient
To ease the doing of business in various locations in India with modest tax compliances, the concept of centralized registration and input service distributor has been taken from the previous...
Reversal of ITC on Creditors Written off
Section 16 of the CGST Act deals with the provisions related to availing of Input tax credit under GST. As per second proviso to Sec 16(2) read with rule 37-...
Gratitude is the key to happiness
Happiness is not about getting what you like. Happiness has a lot to do with liking what you get. We are so busy trying to get what we...
E.S.I.C. latest update: ESIC contribution rates are reduced W.E.F. 1st July 2019
ESI stands for Employee State Insurance managed by the Employee State Insurance Corporation which is an autonomous body created by the law under the Ministry of Labour and Employment, Government...
Scheme of Classification of Services ( 6 digit codes)
Attention GST Taxpayers! Link to 6 digit service classification codes 👉 https://t.co/O9cQJ7zpCa
Extension by CBDT 31st March 2021
1. Date for issue of notice under section 148 of Income-tax Act,1961, passing of consequential order for direction issued by the Dispute Resolution Panel (DRP) & processing of equalization levy...
Last date to link PAN card with Aadhar. If your PAN is not linked to your Aadhaar, then from 1 April you will not be able to do any financial transaction for which PAN is mandatory
Today is the last date for linking PAN card to Aadhaar card, if both are not linked then no major transaction can be done. It can also be linked by...
![[BIG BREAKING] Supreme Court orders that there will be complete exemption on interest in loan moratorium case [READ JUDGMENT]](https://i1.wp.com/taxconcept.net/wp-content/uploads/2020/12/WhatsApp-Image-2020-12-12-at-12.50.45-PM.jpeg?fit=686%2C567&ssl=1)
[BIG BREAKING] Supreme Court orders that there will be complete exemption on interest in loan moratorium case [READ JUDGMENT]
Supreme Court orders that there will be complete exemption on interest in loan moratorium case The Supreme Court ruled on Tuesday that the interest exemption on interest (compound interest) in...
Press Note issued by CBIC regarding payment of GST dues during March 2021
Press Note issued by CBIC regarding payment of GST dues during March 2021. https://twitter.com/cbic_india/status/1373262081361809409
Minister of State for Finance said CSR funds not being utilized to finance any govt scheme
Replying to supplementary questions in the Rajya Sabha, Mr. Thakur said that the government is not utilising the CSR funds to finance any Government scheme.He said funds given by private...
Oil and Natural Gas Corporation acquires 5% stake in Indian Gas Exchange
Oil and Natural Gas Corporation acquired a 5 per cent stake in Indian Gas Exchange (IGX), joining the likes of Adani Total Gas, Torrent Gas and GAIL in the nation's...
Jodhpur: Fraudster Formed Fake Company in the Name of a Daily Wage Laborer. Investigation Reveals Bogus Billing of Rs. 24 Crore
Nainaram Meghwal, a daily wage laborer from Dungarpur, a small village near Roht in Pali, was turned into a diamond business worth Rs 23.80 crore by the GST fraud gang. Through a NREGA mate, fraudulent documents were obtained, then opened a fake company in his name and started GST theft and bogus billing.
Cricket: India beat England by 317 runs in 2nd Test at Chennai
Ravichandran Ashwin led with his all-round brilliance as India beat England by 317 runs in the second Test in Chennai to level the four-match series at 1-1. Ashwin took eight...
Australian Open: Rafael Nadal and Cameron Norrie win their respective matches to meet in 3rd round
In Australian Open Tennis tournament, second seed Rafael Nadal will meet Britain's Cameron Norrie in the third round after both won their matches. Nadal's bid for an outright men's record...
Union Budget 2021-22: Live from Parliament
Union Budget 2021-22: Live from Parliament official videos on Government of India [embed]https://www.youtube.com/watch?v=Q9wNIyLdZLo[/embed]
Syed Mustaq Ali Trophy 2020-21 to be played in Ahmedabad
In Cricket, Syed Mustaq Ali Trophy 2020-21 will be played from 26-31 January, at Sardar Patel Stadium, Ahmedabad. As per schedule, four quarter finals will be played from 26-27 January, two semi finals on January 29, with the final scheduled on January 31.
Sports Authority of India modifies SOPs partially to ensure athletes returning from competitions can continue training
Sports Authority of India has, with a view to ensure no reduction in training intensity of the Olympic Games-bound athletes, proactively amended the quarantine regulations for those returning to its...
1st Khelo India Zanskar Winter Sports Festival begins
In Ladakh, the Union Sports and Youth Affairs Minister Kiren Rijiju launched the first ever Khelo India Zanskar Winter Sports Festival at Padum in Zanskar of Kargil district.
BCCI announces 18 member squad for tests series against England
India’s regular skipper Virat Kohli will return to the team for next month’s four-test series against England after the Board of Control for Cricket in India (BCCI) has announced the official squad for the first two Tests for the home series against England.
First Consignment of Made in India COVID-19 vaccines reaches Bhutan and Maldives
Made in India COVID-19 vaccines reaches Bhutan and Maldives