DRC-01B (GSTR 3B Vs GSTR 1) functionality implemented on GSTN Portal – GST Update New GST Form DRC-01B and GST Rule 88C has been inserted recently, this will be an intimation form for the Differences in GSTR-3B & GSTR-1 for the tax period if difference more an specific percentage or amount limit, so GST taxpayers …
Unclaimed Deposits or Inoperative Ac in Banks- RBI Revised Instructions RBI has issued revised Instructions w,e.f. 1st April 2024 relating to Inoperative Accounts/ Unclaimed Deposits in all Commercial Banks (including RRBs) and all Co-operative Banks and waiver of related Penal Charges. As a result existing RBI Revised Instructions on these issues shall stand repealed from …
GSTN Advisory on IFF or GSTR-1 New 14 & 15 tables The GSTN Advisory on Invoice Furnishing Facility or GSTR-1 : Update on introduction of New 14 & 15 tables This GST Advisory provides clarification on disclosure in cases such as: ✅ Where Supplier is GST Registered, but recipient is not ✅ Where Supplier & …
MSME Payment Deductions & Union Budget 2023: Demystifying Sec 43B Income tax Sec 43B is a new income tax provision governing the deduction of certain amount sums when we are computing income tax liability. This change holds particular importance when it comes to payments made to MSMEs. New Income tax Alert Income tax Section 43B- …