The Central Board of Indirect Taxes (CBDT) notified on September 18 that the deadline for submitting an audit report for trusts, hospitals, and educational institutions for the fiscal year 2022–23 had been moved forward from September 30 to October 30. Additionally, it moved up from earlier October 30 to November 30, 2023, the deadline for…
attempts to modify No. 19/2019-Customs
wants to change entries related to the Phased Manufacturing Programmer for wearables and hearables in notification numbers 11/2022-Customs and 12/2022-Customs.
aims to modify notification no. 50/2017-Customs in order to modify numerous Project Import entries as a result of the Project Import review.
The CBDT has moved up the deadline for filing Audit Reports in Form 10B/Form 10BB for the A.Y. 2023–24 from September 30 to October 31. For more information, see CBDT Circular No. 16/2023 from September 18, 2023.
For ITR: The CBDT has extended the deadline for submitting Return of Income in ITR-7 for the A.Y. 2023–24 from October 31 to November 30, 2023. For more information, see CBDT Circular No. 16/2023 from September 18, 2023.
Issues and solutions relating to Digital Signature Certificates (DSC) To prevent last-minute problems with e-Verification, taxpayers are urged to verify their DSC for an expiration date, register on an e-Filing site, and install the most recent version of the emBridge application. Please consult the following FAQs if you are having any issues with e-Verification using…
Check the refund status of your bank account. Have your bank and another bank merged?Your bank branch has changed, right?Has the number on your bank account changed?Has your bank account’s name changed?Have you closed or stopped using your bank account?Your bank account’s IFSC code may have changed. IF YES…. Your bank account information has to…
Dear Users/Consumers, 1.This is to advise you that the Government has decided to set a deadline for taxpayers with AATOs bigger than 100 crores to disclose old invoices on the e-invoice IRP portals. Thank You,Team 2S Services
In an update dated September 5, 2023, the GST E-way bill system announced that, in accordance with Notification No. 78/2020 dated October 15, 2020, taxpayers with aggregate annual turnover (“AATO”) above Rs 5 Crore must use at least a 6 digit HSN code in their electronic invoices and waybills, while all other taxpayers must use…
aims to update the effective tariff on specific products by amending Customs Order No. 50/2017-Customs, issued the 30th of June 2017.
aims to change the customs duty exemption granted to textile machinery by amending Customs Notification No. 50/2017, dated 30 June 2017.
Businesses in Bathinda, Punjab, that are registered on the GST network portal are required to show their GST numbers at their locations in order to avoid a punishment of up to Rs 50,000, according to the Central Board of Indirect Taxes and Customs (CBIC). The CBIC is running a campaign for GST verification through September…
For A.Y. 2023–2024, Form 10B electronic filing has been made possible in offline mode. Through the “Downloads” menu option, taxpayers can download Offline Utility. Form 10BB electronic filing is now possible in Online mode. Please take note that starting with A.Y. 23–24, the forms 10B and 10BB are being re-notified under CBDT Notification No. 07/2023,…
The government made some changes to Table 4 of Form GSTR-3B in Notification No. 14/2022 – Central Tax, dated July 5, 2022 (read with Circular 170/02/2022-GST, dated July 6, 2022), to make it easier for taxpayers to report accurate information regarding ITC claimed, ITC reversed, ITC reclaimed, and ineligible ITC. Upon fulfillment of the applicable…
aims to amend Customs Regulation No. 11/2021-Customs, dated February 1, 2021, to exempt LPG, Liquid Propane, and Liquid Butane from AIDC levies.
Introduction Starting a business as a private limited company is a popular choice among entrepreneurs due to its numerous benefits and legal recognition. If you’re looking to establish a private limited company in Delhi, understanding the registration process and legal requirements is crucial. In this blog post, we’ll guide you through the process of private…
seeks to modify Customs Notification No. 55/2022 of October 31, 2012, to give a conditional exemption for a specific kind of rice.
25.08.2023 includes parboiled rice in the second schedule of the Customs Tariff Act in an effort to impose an export tax on it.
Dear Users/Consumers, Thank You,Team 2S Services
On the e-Filing portal, functionality for Form 27C revisions is now accessible.
For A.Y. 2023–2024, Form 10B can be electronically filed in offline mode. Taxpayers can access the Offline Utility through the “Downloads” Menu option, Form 10B, and Form Utility (starting with the A.Y. 23–24). Please take note that the form is re-notified beginning with the A.Y. 23–24 per notification no. 07/2023 dated February 21, 2023. Please…
Dear Users/Consumers, 1.The GSTN developed and deployed a mobile application (available on iOS and Android platforms) as well as a web page for the “Mera Bill Mera Adhikaar” scheme in accordance with the Government’s instructions. 2.In accordance with a government policy decision, this program will be implemented starting on September 1, 2023 in the states…
proposes to impose a 40% effective export tariff on onions through December 31, 2023.
aims to add an export tariff on onions to the Second Schedule to the Customs Tariff Act.
exchange rate notification number 61/2023-Cus (NT) dated 17.08.2023-reg.
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold, and Silver – Regulation
appointment of a common adjudicating authority for the SVB case involving M/s Mageba Bridge Products Pvt. Ltd., Kolkata, in order to decide on the finalization of the provisional assessment.
Import Duty Deferred Payment (Amendment) Rules, 2023.
03.08.2023-reg. Exchange Rate Notification No. 57/2023-Cus (NT).
Please click the link below if you want to access the detailed advisory. You can then download the advise in PDF format using this method. Thank You,Team 2S Services
Fixation of Tariff Value for Areca Nuts, Gold, Silver, Brass Scrap, and Edible Oils-Reg.
seeks to adopt a proposal made by the GST COUNCIL at its 50th meeting by amending a few notifications.
“If any NRI’s PAN is still invalid, he or she must inform the appropriate jurisdictional Assessing Officer of his or her NRI status and provide any necessary documentation.The following is a list of the supporting documents needed to activate PAN for NRIs: A. PAN Card Copies; and B. any of the records listed below: a….
Respected Taxpayer, Thank You,Team 2S Services
Notification of exchange rates No. 54/2023-Cus (NT) dated 20.07.2023-reg
According to section 56 of the Income Tax Act, a gift received from a relative is not taxable in the recipient’s hands. People who are regarded as relatives include In the case of a person In the case of the HUF, Any HUF member Based on the aforementioned information, 51 relationships may result in gifts…
Fixation of Tariff Value for Areca Nuts, Gold, Silver, Brass Scrap, and Edible Oils-Reg.
ITR-5 offline utility for AY 2023–24 is open for filing.
Dated 13.07.2023-reg., Exchange Rate Notification No. 52/2023-Cus (NT).
Bandhan Bank now has the opportunity to use the e-Pay Tax service over the counter.
Tax Audit Report Forms 3CA-3CD and 3CB-3CD for AY 2023–24 may now be submitted electronically. Through the “Downloads” menu option, taxpayers can download Offline Utility.
ITR-6 for AY 2023–24 can be filed using the Excel application.
By amending Principal Notification No. 68/2019-Customs (N.T.) dated September 30, 2019, the Electronic Cargo Tracking System (Amendment) Regulations, 2023, apply to the transhipment of cargo to Nepal.
Dated 06.07.2023-reg., Exchange Rate Notification No. 50/2023-Cus (NT).
Respected Taxpayer, GSTN is happy to announce that all States and Union territories now have access to the feature for geocoding the primary place of business address. In order to assure the accuracy of address facts in GSTN records and speed the address location and verification procedure, this technology was implemented that translates an address…
In order to specify the AIDC rate for liquified Propane and liquified Butane, notification No. 11/2021-Customs, dated 01.02.2021, is being amended.
seeks to amend Customs Notification No. 50/2017 on June 30, 2017, to establish a BCD on Liquid Propane and Liquid Butane with a Concession.
aims to change the Customs Tariff Act’s First Schedule.
aims to change notice no. 11/2021-Customs from 01.02.2021 in order to specify the LPG AIDC Rate.
