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Key highlights of amendments to Finance Bill 2023
Posted in Union Budget on 25 March 2023The Finance Bill 2023 was been passed in Lok Sabha without a discussion and the House was adjourned to meet again on March 27...
Lok Sabha approves setting up of GST Appellate Tribunal to solve disputes
Posted in GST on 25 March 2023Lok Sabha on Friday cleared changes in the Finance Bill to pave the way for setting up of an appellate tribunal for resolution of disputes under GST...
Cabinet hikes Dearness Allowance by 4% for central government employees & pensioners
Posted in Others on 25 March 2023The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval to release an additional instalment of Dearness Allowance to C..
Develop mechanism for online audit of GST: Parliamentary Panel on Finance
Posted in GST on 24 March 2023A high-level Parliamentary panel has suggested to the government to look into the possibility of developing a mechanism for online audit in GST, in order to mak..
Finance Bill 2023 passed in Lok Sabha with over 45 amendments
Posted in Union Budget on 24 March 2023Today, i.e. 24th March, Union Finance Minister Nirmala Sitharaman will move The Finance Bill, 2023 in Lok Sabha to give effect to the financial proposals of the..
ICAI mandates CAs to file Know Your Members (KYM) from 2023-2024
Posted in Professional Resource on 23 March 2023ICAI has notified CAs to file 'Know Your Members' (KYM) from 23-24 onwards.KYM also called as "Know Your Member" is a yearly activity. It is mandatory for membe..
RBI directs banks to keep all branches open till 31st March for annual closing
Posted in Others on 23 March 2023With the annual closing of accounts just 10 days away and the financial year 2022–23 coming to a close, the Reserve Bank of India (RBI) has directed all banks t..
GSTN | HSN Code Reporting in e-Invoice on IRPs Portal
Posted in GST on 23 March 2023We would like to inform you that this requirement has already been implemented in the GST system, and we are now in the process of implementing the same at IRPs..
3 GST officials involved in fake raid dismissed through newspaper ad
Posted in GST on 22 March 2023The state goods and service tax department led by senior bureaucrat Rajeev Mittal on Tuesday dismissed three GST inspectors after it was confirmed they were inv..
ICAI releases Exposure Draft of Guidance Note on Transfer of Capital Reserve
Posted in Corporate Law on 22 March 2023Certain Ind AS require capital reserve to be created toward unrealised profits arising from certain transactions or other events. However, currently, there is n..
