Form CSR 2 to be filed separately for F.Y. 23-24
MCA has notified that for FY 2023-24, Form CSR-2 shall be filed separately on or before 31st March, 2025
Advisory on Invoice Management System (IMS)
Invoice Management System (IMS) is made available to taxpayers from 14th October, 2024.
Advisory by GST for GSTR-9 and GSTR-9C
GST system is equipped to auto-populate eligible ITC for domestic supplies (excluding reverse charge and imports ITC) from table 3(I) of GSTR-2B to table 8A of GSTR-9.
Compliance by Businesses dealing with Metal Scrap
Deduction and Deposit of TDS under Section 51 of GST Act, 2017
Amendment in Earlier Notification Regarding Reverse Charge on Specified Goods Under Section 5(3)
This amendment introduces a new S. No. 8 in the notification’s table, specifying that metal scrap falling under chapters 72 to 81 can now be supplied by any unregistered person to any registered person
Amendment in Earlier Notification Regarding CGST Rate Schedule Effective from 10.10.2024
The Ministry of Finance has issued Notification No. 05/2024-Central Tax (Rate), effective from October 10, 2024
Waiver of Late Fees Under Section 47 of the Central Goods and Services Tax Act Notified
Central Govt has issued a notification waiving late fees for registered persons required to deduct TDS under CGST Act, 2017.
Amendment to Notification on Exemption for Taxable Supplies Subject to Reverse Charge Tax
Central Board of Indirect Taxes and Customs (CBIC) has amended Notification No. 5/2017-Central Tax
Clarification on NOC Requirement for Acetic Anhydride Procurement from SEZ Units under HBP
CBDT has acknowledged that some entities could not file their audit reports in the correct prescribed form.
CBDT Extends Deadline for Trusts to Submit Audit Reports to November 10, 2024
CBDT has acknowledged that some entities could not file their audit reports in the correct prescribed form.