10
October
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Vishnu Daya Newsletter – October 2022
We are pleased to present our monthly newsletter for the month of October 2022. ...
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01
October
Compliance calendar for the month of October 2022
We present a compliance calendar for the due dates in the month of October 2022 covering the major due dates in Direct Taxes and Indirect Taxes....
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16
September
Changes in GSTR3B Format
Government has released the changes to the GSTR3B format in the GST portal. A note explaining the changes is attached herewith explaining the changes taken place. Trust this update assists is filing of the GSTR3B in the revised format....
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12
September
GST Update – Transition Return filing enabled in GST portal
Further to the direction of the Hon’ble Supreme Court, CBIC has opened the GST portal for filing fresh transition credit form or revise the transition return already filed. The window for filing the return shall be open from 1st October 2022 and shall be open till 30th November 2022. This is the last opportunity available for all the taxpayers who have missed availing any transition credit. Therefore, any taxpayer who has missed availing any transition credit can make use of this opportunity and file for the transition credit. CBIC has also issued the circular clarifying the process of filing the transition...
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10
September
Vishnu Daya Newsletter – September 2022
We are pleased to present our monthly newsletter for the month of September 2022. ...
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06
September
Due Date for Payment of 2nd Instalment of Advance Tax is 15th September 2022 for AY 2023-24
This is to bring to your kind attention that the due date for payment of 2nd instalment of advance tax for the financial year 2022-23 is 15.09.2022. Kindly take necessary actions to make the payment within the due date. For taxpayers opting for Presumptive Taxation Scheme under section 44AD & 44ADA, 100% advance tax need to be paid before 31st March 2023 (4th Quarter) and hence no requirement of making payment in instalments. Kindly let us know for any help or clarifications in this regard....
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18
August
CBDT notifies books of account to be maintained by charitable institutions
CBDT issued Notification No. 94/2022 dated 10 August 2022, in which it prescribes the books of account and other documents required to be maintained by charitable institutions. The Rule mandates that the charitable entities and the charitable institutions which carry on business, shall keep and maintain books of account, including: (i) cash book, (ii) ledger, (iii) journal, (iv) copies of bills or counterfoils of receipts, (v) original bills and receipts, (vi) any other book that may be required to be maintained in order to give a true and fair view of the state of the affairs of the person and...
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09
August
Vishnu Daya Newsletter – August 2022
We are pleased to present our monthly newsletter for the month of August 2022. ...
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06
August
GST Update
CBIC has issued three circulars clarifying several issues related to taxability and exemptions on 03.08.2022. It is clarified that GST is not applicable on liquidated damages, notice period recovery, cheque bounce charges, and so on. The summary of the clarifications is attached along with this email. For any queries, kindly contact: [email protected] [email protected] ...
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15
July
GST Updates
The GST Council conducted 47th Council meeting on 29.06.2022 and announced several changes to the rate of tax and exemptions. Consequent to the meeting, CBIC has issued notifications notifying the changes in the rate of tax on 13.07.2022. The summary of the changes to rate of tax are summarised in the attached document. Considering that it is a general note, if any changes are applicable to you, kindly obtain specific clarifications/opinion. In case of any clarifications required, kindly contact: [email protected] [email protected] ...
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