N&S Blog

Extension of Validity of ANFs & Appendices issued under FTP (2015-20)

Government of India

Ministry of Commerce and Industry

Department of Commerce

Directorate General of Foreign Trade

Public Notice No. 5/2023-DGFT | Dated: 11th April, 2023

F. No. 01/75/171/00016/AM-23/FTP Cell.– In exercise of powers conferred under paragraphs 1.03 and 2.04 of the Foreign Trade Policy, 202...

14.04.2023 11:00:00 AM - Comment(s)

GSTN Issues Advisory on Time Limit for Reporting Invoices on the IRP Portal

By Nandhakumar & Sundaran

The GSTN has issued advisory to inform that a time limit is imposed on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores. It is stated that to ensure timely compliance, the taxpayers in this category will not be allowed to report invoices...

13.04.2023 10:30:00 AM - Comment(s)

The Income Tax Department has released JSON Schema ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23)

By Nandhakumar & Sundaran

ITR 1: For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.

ITR 4: For Individuals, HUFs and Firms (other than LLP) being a...

12.04.2023 10:00:00 AM - Comment(s)

CBDT notifies Cost Inflation Index for Financial Year 2023-24

By Nandhakumar & Sundaran

The Cost Inflation Index for Financial Year 2023-24 at 348 vide Notification No. 21/2023-Income Tax Dated: 10th April, 2023. Cost inflation Index for Financial Year 2022-23 was 331 so Increase in Cost Inflation Index for FY 2023-24 is mere 5.14%.

11.04.2023 10:00:00 AM - Comment(s)

Summary of GST notification issued by CBIC on 31st March 2023

By Nandhakumar & Sundaran

Notification No. 02/2023-Central Tax 31-Mar-2023

Amnesty to GSTR-4 non-filers

In the said notification, after the sixth proviso, the following proviso shall be inserted, namely: —

‘Provided also that the amount of late fee payable under section 47 of the said Act shall stand waived w...

01.04.2023 10:00:00 AM - Comment(s)

N&S Blog

Extension of Validity of ANFs & Appendices issued under FTP (2015-20)

GSTN Issues Advisory on Time Limit for Reporting Invoices on the IRP Portal

The Income Tax Department has released JSON Schema ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23)

CBDT notifies Cost Inflation Index for Financial Year 2023-24

Summary of GST notification issued by CBIC on 31st March 2023

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