04
August
0
Comments
Vishnu Daya Newsletter – July 2023
We are pleased to present our monthly newsletter for the month of July 2023. ...
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02
August
Compliance calendar for the month of August 2023
We present a compliance calendar for the due dates in the month of August 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
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12
July
Recommendations of 50th GST Council Meeting
GST Council had it’s 50th Meeting on 11.07.2023. Pursuant to the meeting, several proposals have been made. Some of the key proposals are given below: 1. Recommends Casino, Horse Racing and Online gaming to be taxed at the uniform rate of 28% on full face value. 2. Recommends notification of GST Appellate Tribunal by the Centre with effect from 01.08.2023. 3. Clarification to be issued that services supplied by a director of a company to the company in his private or personal capacity such as supplying services by way of renting of immovable property to the company or body corporate are not taxable under...
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02
July
Compliance calendar for the month of July 2023
We present a compliance calendar for the due dates in the month of July 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
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17
June
Vishnu Daya Newsletter – June 2023
We are pleased to present our monthly newsletter for the month of June 2023. ...
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07
June
Due Date for Payment of First Installment of Advance Tax is 15th June 2023 for AY 2024-25
This is to bring to your kind attention that the due date for payment of first instalment of advance tax for the financial year 2023-24 is 15.06.2023. 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 2024 (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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01
June
Compliance calendar for the month of June 2023
We present a compliance calendar for the due dates in the month of June 2023 covering the major due dates in Direct Taxes and Companies Act....
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01
June
NOTE ON AMENDMENTS TO THE PREVENTION OF MONEY LAUNDERING ACT
Government of India amended the Prevention of Money Laundering Act (PMLA) with a view to bring certain intermediaries also within the definition of Reporting Entity and made them accountable for the transactions carried on by them. Please find a note highlighting the salient features of such amendments, the list of intermediaries covered, and their obligations....
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25
May
Vishnu Daya Newsletter – May 2023
We are pleased to present our monthly newsletter for the month of May 2023. ...
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18
May
Audit trail
With effect from 1st April 2023 all Companies ( including MSME Companies, small Companies and not-for-profit companies licensed under Section 8 of the Indian Companies Act 2023) must ensure that the software which they use for accounting, generating sales invoices etc has a built-in mechanism to record audit trail of every transaction, creating an edit log of each change made in the electronically maintained books of account along with the date when such changes are made and ensure that the audit trail cannot be disabled. Once the ‘audit trail’, ‘edit log’ feature is installed or enabled all backdated entries will...
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