A brief note on Electronic Credit Reversal and Re-claimed statement is enclosed. Please click the below link to read / download the note. ...
Continue readingWe present a compliance calendar for the due dates in the month of October 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
Continue readingThis is to bring to your kind attention that the due date for payment of 2nd instalment of advance tax for the financial year 2023-24 is 15.09.2023. 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. ...
Continue readingWe present a compliance calendar for the due dates in the month of September 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
Continue readingPlease note that the DGFT has issued a notification with respect to ‘requirement for renewal of IEC’ each year. Accordingly, An IEC holder has to ensure that the details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details, the same need to be confirmed by the IEC holder online. Further, please note that if the IEC is not updated/confirmed that there are no changes within the above time line, such IEC shall be de-activated by the DGFT. Further such deactivated IEC may be activated with penalty. In case...
Continue readingWe are pleased to present our monthly newsletter for the month of July 2023. ...
Continue readingWe 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....
Continue readingGST 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...
Continue readingWe 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....
Continue readingWe are pleased to present our monthly newsletter for the month of June 2023. ...
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