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Advisory on exercising due diligence for issuance of notices under Section 73/74 of Assam GST Act and timely completion of adjudication thereof
Mar 14, 2024

Advisory on GSTR-1/IFF: Introduction of New 14A and 15A tables
Mar 12, 2024

Advisory: Integration of E-Waybill system with New IRP Portals
Mar 08, 2024

Ex-post facto extension of due date for filing Form No. 26QE which was required to be filed during the period 01.07.2022 to 28.02.2023 (pertaining to F.Y. 2022-23)
Mar 07, 2024

Clarifies provisions relating to donations made by a trust / institution to another trust / institution for the purposes of application of income
Mar 06, 2024

CBDT allows certain trusts / institutions to furnish the audit report in the applicable Form No. 10B / 10BB on or before 31st March, 2024
Mar 05, 2024

Rs.1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5%
Mar 02, 2024

Instances of Delay in registration reported by some Taxpayers despite successful Aadhar Authentication in accordance with Rule 8 and 9 CGST, Rules, 2017
Feb 28, 2024

Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal
Feb 21, 2024

CBDT notifies Income Tax Return Forms for the Assessment Year 2024-25 well in advance for the Assessment Year (A.Y.) 2024-25
Feb 02, 2024

HIGHLIGHTS OF THE INTERIM UNION BUDGET 2024-25
Feb 01, 2024

SUMMARY OF THE INTERIM UNION BUDGET 2024-25
Feb 01, 2024

THE FINANCE BILL, 2024
Feb 01, 2024

Rs.1,72,129 crore gross GST revenue collected during January 2024; records 10.4% Year-on-Year growth
Jan 31, 2024

Circular No. 1/2024 Circular explaining the provisions of the Finance Act, 2023
Jan 23, 2024

Advisory for furnishing bank account details by registered taxpayers under Rule 10A of the Central Goods and Services Tax Rules, 2017
Jan 23, 2024

Advisory on Payment through Credit Card (CC)/Debit Card (DC) and Unified Payments Interface (UPI)
Jan 19, 2024

Advisory on introduction of new Tables 14 & 15 in GSTR-1
Jan 15, 2024

Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn
Jan 10, 2024

Extension of due date for filing FORM GSTR-9 and FORM GSTR-9C for the Financial year 2022-23 for the persons registered in certain districts of Tamil Nadu.
Jan 05, 2024

Blocking the generation of E-Way Bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers will be done from 1st March 2024.
Jan 05, 2024

Reporting of 4/6 digit HSN in e-Waybill from 1st February 2024.
Jan 05, 2024

Advisory on the functionalities available on the portal for the GTA taxpayers:
Jan 01, 2024

Advisory: Date extension for reporting opening balance for ITC reversal
Dec 29, 2023

CBDT issues guidelines under section 194-O of the Income-tax Act, 1961
Dec 29, 2023

CBIC extended the time limit for issuance of GST notice for the F.Y. 2018-19 and 2019-20.
Dec 28, 2023

Rs.1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth
Dec 01, 2023

Advisory: Two-factor Authentication for Taxpayers
Dec 01, 2023

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Andhra Pradesh
Dec 01, 2023

Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023
Nov 28, 2023

Amendment of Notification No. 27/2022 dated 26.12.2022 to notify biometric-based Aadhaar authentication for GST registration in the State of Andhra Pradesh.
Nov 17, 2023

Advisory for Online Compliance Pertaining to ITC mismatch -GST DRC-01C
Nov 14, 2023

ITC Reversal on Account of Rule 37(A)
Nov 14, 2023

Advisory on verification of transporter Id (TRANSIN) in e-Waybills.
Nov 10, 2023

2 Factor Authentication is mandatory for taxpayers with AATO Rs 20 Crore and above from 20th November 2023. Users are requested to register for 2FA and also create sub-users so that EWB activities are managed without any problem. Please read the note for more information
Nov 06, 2023

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Gujarat and Puducherry
Nov 04, 2023

Amnesty Scheme for filing appeals against demand orders in specific cases
Nov 02, 2023

GST revenue collection for October 2023 is second highest ever, next only to April 2023, at Rs.1.72 lakh crore; records increase of 13% Y-o-Y
Nov 01, 2023

Scrutiny of GST Returns for the FY 2017-18
Oct 31, 2023

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
Oct 23, 2023

Advisory: Person supplying of Online Money Gaming services or OIDAR or Both– Form GST REG-10 and Form GSTR-5A
Oct 17, 2023

Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers.
Oct 12, 2023

Facility for the e- commerce operators through whom unregistered suppliers of goods can supply goods
Oct 12, 2023

Clarification regarding filing of Audit report in the case of a fund or trust or institution required to be furnished in Form No. 10B / Form No. 10BB.
Oct 09, 2023

Recommendations of 52nd GST Council Meeting
Oct 07, 2023

Advisory in respect of introduction of Compliance Pertaining to DRC-01C (Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B)
Oct 06, 2023

Advisory: e-Invoice JSON download functionality Live on the GST e-Invoice Portal
Oct 03, 2023

Rs.1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth
Oct 01, 2023

Implementation of atleast 6 digit HSN in e-Invoices and e-Waybills has been deferred.
Sep 30, 2023

Advisory: Temporary /Short Period Pause in e-Invoice Auto Population into GSTR-1
Sep 27, 2023

CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
Sep 26, 2023

The tax payers, notified for generation of e-invoices and supplying to government departments / agencies, need to generate B2B e-Invoices with the GSTIN of the Government department / agency.
Sep 19, 2023

Advisory: Geocoding Functionality for the Additional Place of Business
Sep 19, 2023

CBDT extends due date for filing of Form10B/10BB and Form ITR-7 for the AssessmentYear 2023-24
Sep 18, 2023

Advisory: Time limit for Reporting Invoices on the IRP Portal
Sep 13, 2023

As per directions by GST Authority, a time limit of 30 days for reporting of invoices from date of invoice is imposed on e-invoice portals, and is applicable for taxpayers with AATO greater than or equal to 100 crores from 1st November 2023.
Sep 11, 2023

2-Factor Authentication for all taxpayers with AATO above Rs 20 Cr is mandatory from 1st November 2023.
Sep 11, 2023

As per the Notification No. 78/2020 dated 15th Oct 2020, the tax payers, having Aggregate Annual Turn Over (AATO) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and other tax payers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills. Most of the tax payers are already follwing this, Other tax payers are requested to adapt to the change and comply by the due date. This will be made Mandatory from 1st October 2023 in e-Waybill and e-Invoice Systems.
Sep 05, 2023

Introducing Electronic Credit Reversal and Reclaimed statement
Aug 31, 2023

Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication
Aug 28, 2023

ADVISORY: MERA BILL MERA ADHIKAAR SCHEME
Aug 25, 2023

CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer
Aug 19, 2023

Advisory: E-Invoice Glossary and Steps
Aug 18, 2023

Guidelines under Clause (10D) of section 10 of the Income-tax Act, 1961
Aug 16, 2023

Sub users can access e-Invoices generated by the main user
Aug 09, 2023

Special procedure for the electronic commerce operator who is required to collect TCS in respect of supply made through it by persons exempted from obtaining registration
Aug 04, 2023

Special procedure for the electronic commerce operator who is required to collect TCS in respect of supply made through it by composition dealers
Aug 04, 2023

Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2023-24 - procedure for compulsory selection in such cases - clarification
Aug 03, 2023

Advisory on E-Invoice - Services Offered by the Four New IRPs
Aug 02, 2023

Recommendations of 51st GST Council Meeting
Aug 02, 2023

Clarifications regarding applicability of GST on certain services
Aug 01, 2023

Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 50th meeting held on 11th July, 2023
Aug 01, 2023

Rs.1,65,105 crore gross GST revenue collected for July 2023; records 11% Year-on-Year growth
Aug 01, 2023

2 Factor Authentication is further extended till 20/08/2023
Jul 31, 2023

Standard Operating Procedure (SOP) for making application for recomputation of total income of a co-operative society engaged in the business of manufacture of sugar, as provided for in the sub-section (19) of section 155 of the Income-tax Act, 1961
Jul 27, 2023

Clarification in respect of Rule 114F (5) of the Income Tax Rules, 1962
Jul 26, 2023

Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deduction u/s 80P of the Act for various assessment years from AY 2018-19 to AY 2022-23
Jul 26, 2023

Advisory: e-Invoice Exemption Declaration Functionality Now Available
Jul 25, 2023

CBIC issued various Notifications to extend deadlines of GST forms & Amnesty scheme
Jul 18, 2023

Recommendations of 50th meeting of GST Council
Jul 11, 2023

Important Update: Geocoding Functionality Now Live for All States and Union Territories
Jul 07, 2023

Rs.1,61,497 crore gross GST revenue collected for June 2023; records 12% Year-on-Year growth
Jul 01, 2023

Circular to remove difficulty in implementation of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on purchase of overseas tour program package
Jun 30, 2023

Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)
Jun 29, 2023

Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS)
Jun 28, 2023

Order under section 119 of the Income-tax Act, 1961 for extension of time limits for submission of certain TDS/TCS Statements
Jun 28, 2023

Extension of due date for filing GSTR-3B for the month of May, 2023 till the 30th of June, 2023, for the registered persons whose principal place of business is in the certain districts of Gujarat State.
Jun 27, 2023

2- Factor Authentication for e-Way Bill and e- Invoice System
Jun 19, 2023

Advisory: Update on Enablement Status for Taxpayers for e-Invoicing
Jun 16, 2023

All News

Extension of due date for filing of Form No. 10A/10AB under the Income-tax Act, 1961
Apr 25, 2024

Advisory: Auto-populate the HSN-wise summary from e-Invoices into Table 12 of GSTR-1
Apr 10, 2024

CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims
Apr 08, 2024

Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
Apr 04, 2024

Advisory: Self Enablement For e-Invoicing
Apr 03, 2024

Second highest monthly Gross GST Revenue collection in March at Rs.1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)
Apr 01, 2024

Time limit for verification of return of income after uploading
Mar 31, 2024

Clarification regarding applicability of new tax regime and old tax regime
Mar 31, 2024

Instruction regarding rectification of assessment orders under Section 161 of DGST Act, 2017 for FY 2017-18
Mar 21, 2024

Order under section 119 of the Income-tax Act, 1961
Mar 18, 2024

Advisory on exercising due diligence for issuance of notices under Section 73/74 of Assam GST Act and timely completion of adjudication thereof
Mar 14, 2024

Advisory on GSTR-1/IFF: Introduction of New 14A and 15A tables
Mar 12, 2024

Advisory: Integration of E-Waybill system with New IRP Portals
Mar 08, 2024

Ex-post facto extension of due date for filing Form No. 26QE which was required to be filed during the period 01.07.2022 to 28.02.2023 (pertaining to F.Y. 2022-23)
Mar 07, 2024

Clarifies provisions relating to donations made by a trust / institution to another trust / institution for the purposes of application of income
Mar 06, 2024

CBDT allows certain trusts / institutions to furnish the audit report in the applicable Form No. 10B / 10BB on or before 31st March, 2024
Mar 05, 2024

Rs.1,68,337 crore gross GST revenue collected during February 2024; records Year-on-Year (Y-o-Y) growth of 12.5%
Mar 02, 2024

Instances of Delay in registration reported by some Taxpayers despite successful Aadhar Authentication in accordance with Rule 8 and 9 CGST, Rules, 2017
Feb 28, 2024

Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal
Feb 21, 2024

CBDT notifies Income Tax Return Forms for the Assessment Year 2024-25 well in advance for the Assessment Year (A.Y.) 2024-25
Feb 02, 2024

HIGHLIGHTS OF THE INTERIM UNION BUDGET 2024-25
Feb 01, 2024

SUMMARY OF THE INTERIM UNION BUDGET 2024-25
Feb 01, 2024

THE FINANCE BILL, 2024
Feb 01, 2024

Rs.1,72,129 crore gross GST revenue collected during January 2024; records 10.4% Year-on-Year growth
Jan 31, 2024

Circular No. 1/2024 Circular explaining the provisions of the Finance Act, 2023
Jan 23, 2024

Advisory for furnishing bank account details by registered taxpayers under Rule 10A of the Central Goods and Services Tax Rules, 2017
Jan 23, 2024

Advisory on Payment through Credit Card (CC)/Debit Card (DC) and Unified Payments Interface (UPI)
Jan 19, 2024

Advisory on introduction of new Tables 14 & 15 in GSTR-1
Jan 15, 2024

Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn
Jan 10, 2024

Extension of due date for filing FORM GSTR-9 and FORM GSTR-9C for the Financial year 2022-23 for the persons registered in certain districts of Tamil Nadu.
Jan 05, 2024

Blocking the generation of E-Way Bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers will be done from 1st March 2024.
Jan 05, 2024

Reporting of 4/6 digit HSN in e-Waybill from 1st February 2024.
Jan 05, 2024

Advisory on the functionalities available on the portal for the GTA taxpayers:
Jan 01, 2024

Advisory: Date extension for reporting opening balance for ITC reversal
Dec 29, 2023

CBDT issues guidelines under section 194-O of the Income-tax Act, 1961
Dec 29, 2023

CBIC extended the time limit for issuance of GST notice for the F.Y. 2018-19 and 2019-20.
Dec 28, 2023

Rs.1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth
Dec 01, 2023

Advisory: Two-factor Authentication for Taxpayers
Dec 01, 2023

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Andhra Pradesh
Dec 01, 2023

Advisory for the procedures and provisions related to the amnesty for taxpayers who missed the appeal filing deadline for the orders passed on or before March 31, 2023
Nov 28, 2023

Amendment of Notification No. 27/2022 dated 26.12.2022 to notify biometric-based Aadhaar authentication for GST registration in the State of Andhra Pradesh.
Nov 17, 2023

Advisory for Online Compliance Pertaining to ITC mismatch -GST DRC-01C
Nov 14, 2023

ITC Reversal on Account of Rule 37(A)
Nov 14, 2023

Advisory on verification of transporter Id (TRANSIN) in e-Waybills.
Nov 10, 2023

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Gujarat and Puducherry
Nov 04, 2023

Amnesty Scheme for filing appeals against demand orders in specific cases
Nov 02, 2023

GST revenue collection for October 2023 is second highest ever, next only to April 2023, at Rs.1.72 lakh crore; records increase of 13% Y-o-Y
Nov 01, 2023

Scrutiny of GST Returns for the FY 2017-18
Oct 31, 2023

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC for Assessment Year 2021-22
Oct 23, 2023

Advisory: Person supplying of Online Money Gaming services or OIDAR or Both– Form GST REG-10 and Form GSTR-5A
Oct 17, 2023

Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers.
Oct 12, 2023

Facility for the e- commerce operators through whom unregistered suppliers of goods can supply goods
Oct 12, 2023

Clarification regarding filing of Audit report in the case of a fund or trust or institution required to be furnished in Form No. 10B / Form No. 10BB.
Oct 09, 2023

Recommendations of 52nd GST Council Meeting
Oct 07, 2023

Advisory in respect of introduction of Compliance Pertaining to DRC-01C (Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed in the GSTR-R3B)
Oct 06, 2023

Advisory: e-Invoice JSON download functionality Live on the GST e-Invoice Portal
Oct 03, 2023

Rs.1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth
Oct 01, 2023

Implementation of atleast 6 digit HSN in e-Invoices and e-Waybills has been deferred.
Sep 30, 2023

Advisory: Temporary /Short Period Pause in e-Invoice Auto Population into GSTR-1
Sep 27, 2023

CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
Sep 26, 2023

Advisory: Geocoding Functionality for the Additional Place of Business
Sep 19, 2023

CBDT extends due date for filing of Form10B/10BB and Form ITR-7 for the AssessmentYear 2023-24
Sep 18, 2023

Advisory: Time limit for Reporting Invoices on the IRP Portal
Sep 13, 2023

2-Factor Authentication for all taxpayers with AATO above Rs 20 Cr is mandatory from 1st November 2023.
Sep 11, 2023

Introducing Electronic Credit Reversal and Reclaimed statement
Aug 31, 2023

Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication
Aug 28, 2023

ADVISORY: MERA BILL MERA ADHIKAAR SCHEME
Aug 25, 2023

CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer
Aug 19, 2023

Advisory: E-Invoice Glossary and Steps
Aug 18, 2023

Guidelines under Clause (10D) of section 10 of the Income-tax Act, 1961
Aug 16, 2023

Sub users can access e-Invoices generated by the main user
Aug 09, 2023

Special procedure for the electronic commerce operator who is required to collect TCS in respect of supply made through it by persons exempted from obtaining registration
Aug 04, 2023

Special procedure for the electronic commerce operator who is required to collect TCS in respect of supply made through it by composition dealers
Aug 04, 2023

Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2023-24 - procedure for compulsory selection in such cases - clarification
Aug 03, 2023

Advisory on E-Invoice - Services Offered by the Four New IRPs
Aug 02, 2023

Recommendations of 51st GST Council Meeting
Aug 02, 2023

Clarifications regarding applicability of GST on certain services
Aug 01, 2023

Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 50th meeting held on 11th July, 2023
Aug 01, 2023

Rs.1,65,105 crore gross GST revenue collected for July 2023; records 11% Year-on-Year growth
Aug 01, 2023

2 Factor Authentication is further extended till 20/08/2023
Jul 31, 2023

Clarification in respect of Rule 114F (5) of the Income Tax Rules, 1962
Jul 26, 2023

Advisory: e-Invoice Exemption Declaration Functionality Now Available
Jul 25, 2023

CBIC issued various Notifications to extend deadlines of GST forms & Amnesty scheme
Jul 18, 2023

Recommendations of 50th meeting of GST Council
Jul 11, 2023

Important Update: Geocoding Functionality Now Live for All States and Union Territories
Jul 07, 2023

Rs.1,61,497 crore gross GST revenue collected for June 2023; records 12% Year-on-Year growth
Jul 01, 2023

Advisory: Online Compliance Pertaining to Liability / Difference Appearing in R1 – R3B (DRC-01B)
Jun 29, 2023

Important changes w.r.t Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS)
Jun 28, 2023

Order under section 119 of the Income-tax Act, 1961 for extension of time limits for submission of certain TDS/TCS Statements
Jun 28, 2023

2- Factor Authentication for e-Way Bill and e- Invoice System
Jun 19, 2023

Advisory: Update on Enablement Status for Taxpayers for e-Invoicing
Jun 16, 2023

Prakhar Softech Services Ltd.

CIRCULAR NO. 1/2024

F. No. 370142/38/2023
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Direct Taxes)

Dated the 23rd of January, 2024

EXPLANATORY CIRCULAR

CIRCULAR EXPLAINING THE PROVISIONS OF

THE FINANCE ACT, 2023

CIRCULAR
INCOME-TAX ACT

Finance Act, 2023 - Explanatory Notes to the Provisions of the Finance Act, 2023 CIRCULAR NO. 1/2024, DATED the 23rd of January, 2024

AMENDMENTS OF THE INCOME-TAX ACT, 1961 CARRIED OUT THROUGH FINANCE ACT, 2023

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