Compliance calendar for the month of November 2023
We present a compliance calendar for the due dates in the month of November 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
Continue readingWe present a compliance calendar for the due dates in the month of November 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
Continue readingPursuant to the decision taken in the 52nd GST Council meeting, the following amendment notification and clarifications have been issued by the CBIC with regard to the personal guarantee given by the directors and corporate guarantee given by the body corporates: 1. Amendment to Rule 28: (2) Notwithstanding anything contained in sub-rule (1), the value of supply of services by a supplier to a recipient who is a related person, by way of providing corporate guarantee to any banking company or financial institution on behalf of the said recipient, shall be deemed to be one per cent of the amount of...
Continue readingFor filling the opening balance in Electronic Credit Reversal and Re-claimed Statement, 30th November 2023 is the due date. The enclosed note provides details on the requirement to fill the opening balance. Click the below link to read/download the note....
Continue readingA 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....
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