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[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

Today, let us commemorate India's Constitution, the structure that has made India's fundamentals strong and secure. A Tribute to the laws that shaped India into what it is today. Happy Republic Day to All!
#republicday2023 #HappyRepublicDay #republicday #india

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

GST Authorities have now implemented the Automated Drop Proceedings (new functionality) on the GST official Portal.

#gst #gstupdates #gstindia #gstindia #gstreturns #gstnews #gstr #gstupdate #gstcompliance #gstfiling #gstr #gstportal #gstreturnfiling #finsights #tallyonmobile

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

To cater to all value chain participants, the SEBI has allowed stock exchanges to launch multiple contracts in the same commodity. The circular has become effective immediately.

#sebi #gst #gstupdates #gstindia #incometaxreturn #incometaxindia #incometaxreturnfiling #gstsoftware

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

To avoid Fat-finger / Big-figure errors by bidders in G-Sec auctions, the @RBI has advised all market participants to use the "Price / Yield range setting" facility available on the e-Kuber platform before placing bids in Primary Market auctions.

#rbi #GST

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

A lot of changes and improvements were made in the GST in 2022. The main changes are listed below for you to review and take into consideration.

https://t.co/mmcnFAHzcm

Let us know of the largest GST change you believe will occur in 2023.
#gst #gstupdates #gstreturns #gst

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

The GSTN has enabled the functionality on the GST Portal to provide a Letter of Undertaking (LUT) for the F.Y. 2023-2024.

#gst #gstupdates #gstreturns #gstindia #incometax #incometaxindia #incometaxfiling #gstr #gstreturnfiling #gstportal #finsights #incometaxfiling #gstfiling

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

An exposure draft has been issued by the ICAI's Direct Taxes Committee regarding "Guidance Note on Audit of Charitable Institutions u/s Section 12A of the Income Tax Act, 1961" for public comments & suggestions.

#taxes #taxes2023 #audit #institutions #public #taxact #section12a

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

The deadline for submitting a hard copy of a statement containing the salient features of all documents under Regulations 58 and 36 of the SEBI (LODR) Regulations, 2015 has also been extended until September 30th, 2023.
#sebi #gst #gstupdates #gstindia #incometax

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

The West Bengal Authority For Advance Ruling (AAR) bench comprising Brajesh Kumar Singh and Jyojit Banik concluded that the welding of railroad lines with labor services will be treated as a composite provision of services and will be subject to 18% Goods and Service Tax (GST).

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

@Google must pay 10% of the Rs. 1,337 crore fine issued by CCI for infractions in the Android mobile ecosystem, directs NCLAT.
#google #fine #nclat #pay #tax #incometax #incometaxreturn #incometaxindia #gstupdates #reconciliation #gstr #finsights #tallyonmobile #software

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

e-Pay Tax services with Over Counter & Net Banking options are now available through City Union Bank.

UCO Bank
IDBI Bank
Jammu & Kashmir Bank
Union Bank

Now can use Protean's e-Pay Tax facility to e-Pay taxes at the e-Filing portal.
#tax #banking #bank #taxation #taxfiling

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

The @RBI increased the interest rate on floating rate savings bonds (issued in 2020) from 7.15% to 7.35% as of January 1, 2023.

#ITC #incometaxes #gstr2b #GST #updates #gstupdates #gst #incometax #Update #finsights #taxpayers #incometaxindia #reconciliation #RBI

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

There is no GST payable if a registered person rents a residential dwelling in his/her personal capacity for use as his/her own residence and on his/her own account, rather than on behalf of his business.
#reconciliation #gst #updates #incometaxindia #gstr2a #finsights #GST

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

Team Finsights wishes you A Happy and Prosperous New Year 2023!

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

IBBI has specified the reporting proforma for liquidator, who must record reasons for the decision in writing and submit it to Adjudicating Authority, if he makes a decision that differs from the advice of Stakeholders Consultation Committee.

#gstr #GST #incometaxreturn

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

SEBI has issued a consultation paper on improving investor grievance redressal mechanisms through the use of online dispute resolution mechanisms. The deadline for public comments is 09/01/2023.

#gstupdates #Sebi #consultation #Finsights #incometaxreturn #incometax

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

After multiple representations for assignment of new ISNs were made to SEBI, It has clarified that a change in security, creation of additional security, or security in case of unsecured debt securities does not constitute a change in structure of NCDs.

#gstupdates #GST

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

Gross Collection of Direct Taxes for the FY 2022–23 is Rs. 13,63,649 crore up from Rs. 10,83,150 crore in FY 2021–22. This represents an increase of 25.90% over collections of FY 2021–22.

#taxes #collection #gst #indianeconomy #taxcollection #finsights #tax #updates #incometax

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

The CBDT has released new SOPs to file appeals and special leave petitions in the Supreme Court to encourage the use of technology in operations.

#gstr2b #reconciliation #incometaxreturn #gst #incometax #taxpayers #updates #gstr2a #finsights #incometaxindia #réconciliation #GST

[Finsights.biz - GST ITC Reco/Tally on the Go @FinsightsApp]

On December 17, the 48th GST Council convened virtually in New Delhi, presided over by Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs.

#GST #gstupdates #GSTCouncil #gstindia #Finsights #NirmalaSitharaman #UnionMinister #gstr