Daily Updates

GST: CBIC amends instructions of FORM GSTR-9 and substituted the wordings in Part-V from the period from “April,2022 to September 2022” to “April, 2022 to October, 2022 filed upto 30th November, 2022” to give effect of increased time for claiming ITC & amendments w.r.t. previous year till October,2022 returns.(17.11.2022)

GST: CBIC amends instructions of FORM GSTR-9 and substituted the wordings in Part-V from the period from “April,2022 to September 2022” to “April, 2022 to October, 2022 filed upto 30th November, 2022” to give effect of increased time for claiming ITC & amendments w.r.t. previous year till October,2022 returns. [Notification 22/2022-Central Tax Dt. 15th Nov …

GST: CBIC amends instructions of FORM GSTR-9 and substituted the wordings in Part-V from the period from “April,2022 to September 2022” to “April, 2022 to October, 2022 filed upto 30th November, 2022” to give effect of increased time for claiming ITC & amendments w.r.t. previous year till October,2022 returns.(17.11.2022) Read More »

Income Tax:

Income Tax: Notification 123/2022 Dated 14th November 2022- CBDT made changes in the Income Tax Authorities jurisdictional wise for Faceless Assessment proceedings under section 144B of the Income Tax Act 1961 by amending principal notification 60/2022 dated 10th June 2022.

Income Tax: CBDT designates the Courts in the State of Himachal Pradesh, as Special Courts for the areas within their territorial jurisdiction for the purposes of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.(15.11.2022)

Income Tax: Notification 120/2022 Dated 11th November 2022- CBDT designates the Courts in the State of Himachal Pradesh, as Special Courts for the areas within their territorial jurisdiction for the purposes of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax …

Income Tax: CBDT designates the Courts in the State of Himachal Pradesh, as Special Courts for the areas within their territorial jurisdiction for the purposes of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.(15.11.2022) Read More »

Customs: Koran Won Exchange Rate is amended vide Notification No. 95/2022 Customs (N.T.) dt. 14th November 2022 w.e.f. 15th November 2022 (15.11.2022)

Customs: Koran Won Exchange Rate is amended vide Notification No. 95/2022 Customs (N.T.) dt. 14th November 2022 w.e.f. 15th November 2022 Currency            For Imports(INR)            For Exports(INR) Korean Won      06.30                                 05.95

Income Tax: CBDT has added banks to E-filing portal for making tax payments thereon, Taxpayers are advised to use Deductor’ s TAN for making TDS/TCS payments. (08.11.2022)

Income Tax: CBDT has added following banks to E-filing portal for making tax payments thereon, Taxpayers are advised to use Deductor’ s TAN for making TDS/TCS payments. Bank available at E-Filing Portal Axis Bank. Bank of India. Bank of Maharashtra. Canara Bank. Central Bank of India. Federal Bank. ICICI Bank. Indian Bank. Indian Overseas Bank. …

Income Tax: CBDT has added banks to E-filing portal for making tax payments thereon, Taxpayers are advised to use Deductor’ s TAN for making TDS/TCS payments. (08.11.2022) Read More »

DGFT: Amendment in Export Policy of Broken Rice falling under HS Code 1006 40 00 (08.11.2022)

DGFT: Amendment in Export Policy of Broken Rice falling under HS Code 1006 40 00.– Condition (iii) of Para-2 of Notification No. 31/2015-2020 dt. 08.09.2022 has been amended with immediate effect so as to provide clearance to such rice consignments held up in CFS which had been handed over to the Container Freight Station (CFS) …

DGFT: Amendment in Export Policy of Broken Rice falling under HS Code 1006 40 00 (08.11.2022) Read More »

DGFT: DGFT notifies PSIA ( Pre-Shipment Inspection Agencies ) and instructed the PSIA to update their membership certificate with MRAI/ISRI/IFIA within 30 days from the date of this public notice. Public Notice No. 34/2015-2020 Dt. 3rd Nov 2022. (04.11.2022)

DGFT: DGFT notifies PSIA ( Pre-Shipment Inspection Agencies ) and instructed the PSIA to update their membership certificate with MRAI/ISRI/IFIA within 30 days from the date of this public notice. Public Notice No. 34/2015-2020 Dt. 3rd Nov 2022.

Customs: All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive); All Principal Directors General/ Directors General, under CBIC to ensure that an aspect lodged in the AEM is not allowed to linger and that all successive actions are quickly taken without loss of time no sooner the aspect has been lodged in said AEM for Faceless Assessments using Anonymized Escalation Mechanism (AEM). Circular 23/2022 Customs dt. 3rd Nov 2022 (04.11.2022)

Customs: CBIC has directed All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive) / Customs & Central Tax All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive); All Principal Directors General/ Directors General, under CBIC to ensure that an aspect lodged in the AEM is not allowed to linger and that all successive actions are …

Customs: All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive); All Principal Directors General/ Directors General, under CBIC to ensure that an aspect lodged in the AEM is not allowed to linger and that all successive actions are quickly taken without loss of time no sooner the aspect has been lodged in said AEM for Faceless Assessments using Anonymized Escalation Mechanism (AEM). Circular 23/2022 Customs dt. 3rd Nov 2022 (04.11.2022) Read More »

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