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₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continueas Legal Tender
₹2000 denomination banknote was introduced in November 2016 under Section24(1) of RBI Act, 1934 primarily to meet the immediate currency requirement of theeconomy after withdrawal of the legal tender status of all ₹500 and ₹1000 banknotesin circulation at that time...
Credit Cards payments on foreign tours have been brought under the ambit of LRS scheme available with resident individual with Annual cap of USD 250000. This may ensure TCS Compliances as per changes made in budget 2023.
Rule 7 of FEM( Current Account Transactions) Rules 2006 with respect to use of international credit cards outside India has been omitted by notification dated 16th May 2023 G.S.R.-369Download
CENTRE FOR PROCESSING ACCELERATED CORPORATE EXIT (C-PACE) ESTABLISHED FOR PROVIDING HASSLE-FREE FILING, TIMELY AND PROCESS-BOUND STRIKING OFF COMPANIES FROM MCA REGISTER, dated 13.05.2023.
The MCA vide Notification No. S.O. 1269(E) dated March 17, 2023 established the Centre for Processing Accelerated Corporate Exit (C-PACE) to facilitate the quick, transparent and process-bound exit of companies. With the...
CBIC ROLLS OUT AUTOMATED RETURN SCRUTINY MODULE FOR GST RETURNS
The CBIC has decided to roll out an Automated Return Scrutiny Module for GST returns after the directions of Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman. In the module, discrepancies on account of risks associated with a return are...
E-Invoice Limit Reduced from Rs. 10 Crores to Rs. 5 Crores from 01/08/2023 In Simple Words
245793-1Download
Cost Inflation Index Notified
Pan Aadhaar Linking Deadline Extended to 30 June
The government on Tuesday extended the deadline to link the Permanent Account Number (PAN) with Aadhaar card by three months to 30 June, 2023.
IT Dept’s New App To Show AIS Details
Negative Values in Table 4 of GSTR-3B
Introduction of Negative Values in Table 4 of GSTR-3B The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC...
Fund Transfers between India and Singapore via UPI and PayNow enabled
Hon’ble PM of India and Singapore witnessed the launch of cross-border linkage between India and Singapore using their respective Fast Payment Systems, viz. Unified Payments Interface (UPI) and PayNow. This linkage will enable users of the 2 fast payment systems in...