ICAI’s 2023 edition of the Guidance Note brings you up to speed with all the amendments introduced by the Finance Act of 2023. This means you’ll have the most current guidance at your fingertips to navigate the complex world of tax audits.
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As part of a determined effort to tackle the issue of fake GST registrations, GST officers have intensified their scrutiny by visiting shops and establishments. This crackdown aims to identify and address instances of fraudulent registrations, ensuring the integrity of the GST system and protecting government revenue. Through on-site inspections, GST officers are verifying the authenticity of GST registrations, taking necessary actions against those found to be operating with fake registrations. This rigorous drive is a significant step towards upholding the credibility of the GST ecosystem and promoting compliance among businesses.
RBI has through the Press Release withdrawn Rs 2000 banknotes from Circulation. Main Highlights of the scheme: Rs 2000 bank notes: Above facilities shall be available till 30.09.2023 only! Here are answers to FAQs shared by the RBI: 1. Why are the Rs 2,000 denomination banknotes being withdrawn?The Rs 2000 denomination banknote was introduced in…
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Linking PAN with Aadhaar deadline extended by CBDT to June 30, 2023
“Unveiling the Hidden Tax Benefits of the New Tax Regime” The new tax regime was introduced with the aim of making the tax system simpler and less burdensome for taxpayers. While it may seem like it eliminates all tax benefits, it’s not entirely true. Starting from the financial year 2023-24, the new tax regime will…
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GSTN will soon allow negative values in Table 4 of GSTR-3B The Goods and Services Tax Network (“GSTN”) will soon allow negative values in Table 4 of GSTR-3B, allowing users to show the net off credit notes values in Table 4A which will make Table 8 of the GSTR-9 comparison consistent as per the Release…
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