Taxlok - Complete Tax Solution for your Business | Buy GST and Income Tax Library | Apps for Latest GST Judgments | Hindi and English Magazines for Indian Taxes | E-Paper of Tax in Hindi | Latest Tax News In Hindi | Latest GST Judgments

Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 48th meeting held on 17th December, 2022
Jan 13, 2023

Advisory on “Initiating Drop Proceeding” by taxpayers
Jan 12, 2023

Direct Tax Collections for F.Y. 2022-23 up to 10.01.2023
Jan 11, 2023

Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act,1961 (`Act`) in view of the then-Covid-19 pandemic
Jan 06, 2023

Rs 1,49,507 crore GST Revenue collected for December 2022, records increase of 15% Year-on-Year
Jan 01, 2023

Clarification for the purposes of clause (c) of Section 269ST of the Income-tax Act, 1961 in respect of dealership/distributorship contract in case of Co-operative Societies
Dec 30, 2022

Amendment in notification no. 12/2017(CTR)related to exempted service
Dec 30, 2022

Amendment in notification no . 04/2017 (CTR) to notify certain goods on which tax shall be payable on reverse charge basis
Dec 30, 2022

Amendment in notification no. 02/2017 (CTR) to notify exemption from GST on certain goods on recommendation of council
Dec 30, 2022

Changes in GST rates on certain goods w.e.f. 01.01.2023 on the recommendation of GST council
Dec 30, 2022

Prescribing manner of filing an application for refund by unregistered persons
Dec 27, 2022

Clarification regarding the treatment of statutory dues under GST law in respect of the taxpayers for whom the proceedings have been finalised under Insolvency and Bankruptcy Code, 2016
Dec 27, 2022

Clarification on various issue pertaining to GST
Dec 27, 2022

Clarification with regard to applicability of provisions of section 75(2) of Central Goods and Services Tax Act, 2017 and its effect on limitation
Dec 27, 2022

Clarification on the entitlement of input tax credit where the place of supply is determined in terms of the proviso to sub-section (8) of section 12 of the Integrated Goods and Services Tax Act, 2017
Dec 27, 2022

Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for FY 2017-18 and 2018-19
Dec 27, 2022

Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90%
Dec 18, 2022

GST Council in its 48th meeting recommend to decriminalise certain offences u/s 132, increase in threshold of amount of tax for prosecution and reduction in amount of compounding in GST
Dec 17, 2022

Advisory regarding extension of due date for furnishing form GSTR-1 for certain districts of Tamil Nadu
Dec 14, 2022

Partial relaxation with respect to electronic submission of Form 10F by select category of taxpayers in accordance with the DGIT (Systems) Notification No. 3 of 2022.
Dec 12, 2022

Income-tax Deduction From Salaries During the Financial Year 2022-23 Under Section 192 of the Income-tax Act, 1961
Dec 07, 2022

Rs.1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year
Dec 01, 2022

Manner of processing and sanction of IGST refunds, withheld in terms of clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the CGST Rules, 2017
Nov 28, 2022

CBIC empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.
Nov 23, 2022

Order under section 119 of the Income-tax Act, 1961
Nov 22, 2022

Direct Tax Collections for F.Y. 2022-23 up to 10.11.2022
Nov 11, 2022

Guidelines for verifying the Transitional Credit in light of the order of the Hon’ble Supreme Court in the Union of India vs. Filco Trade Centre Pvt. Ltd., SLP(C) No. 32709- 32710/2018, order dated 22.07.2022 & 02.09.2022
Nov 10, 2022

Clarification on refund related issues
Nov 10, 2022

Explanatory Notes to the Provisions of the Finance Act, 2022
Nov 03, 2022

CBDT releases draft Common Income Tax Return Form for public consultation
Nov 01, 2022

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A
Nov 01, 2022

Rs.1,51,718 crore gross GST revenue collected for October 2022
Nov 01, 2022

Pre-deposit payment method for cases pertaining to Central Excise and Service Tax
Oct 28, 2022

Extension of due date for filing FORM -26Q for the second quarter of financial year 2022-23
Oct 27, 2022

Extension of due date for furnishing return of income for the Assessment Year 2022-23
Oct 26, 2022

Advisory on Filing TRAN forms for Taxpayers from Daman and Diu & Ladakh
Oct 25, 2022

Implementation of mandatory mentioning of HSN codes in GSTR-1
Oct 22, 2022

Advisory on sequential filing of GSTR-1
Oct 21, 2022

Authority regarding action consequential to issuance of Show Cause Notice and for issuance of recurring SCN in case of an enforcement action initiated by the Central authorities against a taxpayer assigned to State and vice versa"
Oct 19, 2022

Direct Tax Collections for F.Y. 2022-23 up to 08.10.2022
Oct 08, 2022

Clarification regarding time limit for certain compliances pursuant to issuance of Notification No. 18/2022-Central Tax dated 28.09.2022
Oct 04, 2022

Rs.1,47,686 crore gross GST revenue collected in the month of September 2022
Oct 01, 2022

Advisory on Filing TRAN-1/2 Forms to claim Transitional Credit
Oct 01, 2022

Extension of timeline for filing of various reports of audit for the Assessment Year 2022-23
Sep 30, 2022

Extension of time limit for furnishing modified return in Form ITR-A
Sep 26, 2022

CBDT issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961
Sep 17, 2022

Guidelines for Deductions and Deposits of TDS by the DDOs Under Goods and Services Tax Law
Sep 16, 2022

Additional Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961
Sep 13, 2022

Guidelines for filing/revising TRAN-1/TRAN-2 in terms of order dated 22.07.2022 & 02.09.2022 of Hon’ble Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd.
Sep 09, 2022

Supreme Court allows 4 weeks extension to open common portal for Tran 1 & Tran 2
Sep 03, 2022

Changes in Table 4 of GSTR 3B - Reporting of ITC availment, reversal and Ineligible ITC
Sep 02, 2022

Guidelines for Launching of Prosecution Under the Central Goods & Services Tax Act, 2017
Sep 01, 2022

Rs. 1,43,612 crore gross GST revenue collected in the month of August 2022
Sep 01, 2022

Suppression of Notification No. 20/2022 dated 30.03.2022. The Central Government notifies that the provisions of sub-section (1G) of section 206C of the Act shall not apply to a person (being a buyer) who is a non-resident in terms of section 6 of the Act and who does not have a permanent establishment in India.
Aug 17, 2022

Guidelines on Issuance of Summons Under Section 70 of The Central Goods & Services Tax Act, 2017
Aug 17, 2022

Guidelines for Arrest and Bail In Relation to Offences Punishable Under The CGST Act, 2017
Aug 17, 2022

Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting held on 28th – 29th June, 2022 at Chandigarh
Aug 03, 2022

GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law
Aug 03, 2022

Clarifications regarding applicable GST rates & exemptions on certain services
Aug 03, 2022

Introducing Single Click Nil Filing of GSTR-1
Aug 02, 2022

E-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022.
Aug 01, 2022

Rs.1,48,995 crore gross GST revenue collected in the month of July 2022
Aug 01, 2022

Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically
Jul 29, 2022

Advisory on Upcoming Changes in GSTR-3B
Jul 22, 2022

FAQ’s on AIS (Annual Information Statement)
Jul 22, 2022

Introducing new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)
Jul 20, 2022

Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A and Form No. 10 for Assessment Year 2018-19 and subsequent years
Jul 19, 2022

Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and subsequent years
Jul 19, 2022

Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10BB for Assessment Year 2018-19 and subsequent years
Jul 19, 2022

FAQs on Income-tax Returns for Assessment Year 2022-23
Jul 19, 2022

Levy of Goods & Services Tax (GST) on the fees payable to SEBI
Jul 18, 2022

FAQs on GST applicability on ‘pre-packaged and labelled’ goods
Jul 18, 2022

Specifying Forms, returns, statements, reports, orders, by whatever name called, prescribed in Appendix-II to be furnished electronically under sub-rule (1) and sub-rule (2) of Rule 131 of the Income-tax Rules, 1962
Jul 16, 2022

Amendment in notification no. 05/2017 (central tax rate) dated 28.06.2017 to notify certain goods in respect of which no refund of unutilised input tax credit shall be allowed in case of inverted duty structure.
Jul 13, 2022

Changes in GST rates on certain goods w.e.f 18.07.2022 on the recommendation of GST Council.
Jul 13, 2022

Changes in GST rates on certain services w.e.f 18.07.2022 on recommendation of GST Council.
Jul 13, 2022

Removal of negative balance in cash ledgers of some composition taxpayers
Jul 08, 2022

Manner of filing refund of unutilized ITC on account of export of electricity
Jul 06, 2022

Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A
Jul 06, 2022

Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification
Jul 06, 2022

Clarification on various issue pertaining to GST
Jul 06, 2022

Clarification on various issues relating to applicability of demand and penalty provisions under the Central Goods and Services Tax Act, 2017 in respect of transactions involving fake invoices
Jul 06, 2022

Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1
Jul 06, 2022

Extension of waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22
Jul 05, 2022

Extension of due date of furnishing FORM GST CMP-08 for the quarter ending June, 2022 till 31.07.2022
Jul 05, 2022

Taxpayers having aggregate turnover upto Rs. 2 crores are exempt from the requirement of furnishing annual return for FY 2021-22.
Jul 05, 2022

No hotels or restaurants can add service charge automatically or by default in the food bill: Consumer Affairs Ministry
Jul 04, 2022

Rs.1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year
Jul 01, 2022

The central government notifies few virtual digital assets which shall be excluded from the definition of virtual digital asset.
Jun 30, 2022

CBDT notified Form 26QF for filing statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by exchange.
Jun 30, 2022

Recommendations of 47th GST Council Meeting
Jun 29, 2022

GST Council Meet Updates
Jun 28, 2022

E-filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-22
Jun 27, 2022

Extension of levy of GST compensation cess till 31.03.2026.
Jun 24, 2022

Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961
Jun 22, 2022

CBDT notified challan-cum-statement in Form 26QE and certificate in Form 16E for the purpose of deduction of TDS on payment of transfer of virtual digital asset.
Jun 21, 2022

All News

Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns
Jan 24, 2023

Advisory on taxpayers facing issue in filing GSTR-3B
Jan 16, 2023

Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns
Jan 16, 2023

Clarifications regarding applicability of GST on certain services
Jan 13, 2023

Clarification regarding GST rates and classification of certain goods based on the recommendations of the GST Council in its 48th meeting held on 17th December, 2022
Jan 13, 2023

Advisory on “Initiating Drop Proceeding” by taxpayers
Jan 12, 2023

Direct Tax Collections for F.Y. 2022-23 up to 10.01.2023
Jan 11, 2023

Extension of time limit for compliance to be made for claiming any exemption under Section 54 to 54GB of the Income-tax Act,1961 (`Act`) in view of the then-Covid-19 pandemic
Jan 06, 2023

Rs 1,49,507 crore GST Revenue collected for December 2022, records increase of 15% Year-on-Year
Jan 01, 2023

Clarification for the purposes of clause (c) of Section 269ST of the Income-tax Act, 1961 in respect of dealership/distributorship contract in case of Co-operative Societies
Dec 30, 2022

Amendment in notification no. 12/2017(CTR)related to exempted service
Dec 30, 2022

Amendment in notification no . 04/2017 (CTR) to notify certain goods on which tax shall be payable on reverse charge basis
Dec 30, 2022

Amendment in notification no. 02/2017 (CTR) to notify exemption from GST on certain goods on recommendation of council
Dec 30, 2022

Changes in GST rates on certain goods w.e.f. 01.01.2023 on the recommendation of GST council
Dec 30, 2022

Prescribing manner of filing an application for refund by unregistered persons
Dec 27, 2022

Clarification regarding the treatment of statutory dues under GST law in respect of the taxpayers for whom the proceedings have been finalised under Insolvency and Bankruptcy Code, 2016
Dec 27, 2022

Clarification on various issue pertaining to GST
Dec 27, 2022

Clarification with regard to applicability of provisions of section 75(2) of Central Goods and Services Tax Act, 2017 and its effect on limitation
Dec 27, 2022

Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for FY 2017-18 and 2018-19
Dec 27, 2022

Gross Direct Tax collections for the Financial Year (FY) 2022-23 register a growth of 25.90%
Dec 18, 2022

GST Council in its 48th meeting recommend to decriminalise certain offences u/s 132, increase in threshold of amount of tax for prosecution and reduction in amount of compounding in GST
Dec 17, 2022

Advisory regarding extension of due date for furnishing form GSTR-1 for certain districts of Tamil Nadu
Dec 14, 2022

Partial relaxation with respect to electronic submission of Form 10F by select category of taxpayers in accordance with the DGIT (Systems) Notification No. 3 of 2022.
Dec 12, 2022

Income-tax Deduction From Salaries During the Financial Year 2022-23 Under Section 192 of the Income-tax Act, 1961
Dec 07, 2022

Rs.1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year
Dec 01, 2022

CBIC empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.
Nov 23, 2022

Order under section 119 of the Income-tax Act, 1961
Nov 22, 2022

Direct Tax Collections for F.Y. 2022-23 up to 10.11.2022
Nov 11, 2022

Clarification on refund related issues
Nov 10, 2022

Explanatory Notes to the Provisions of the Finance Act, 2022
Nov 03, 2022

CBDT releases draft Common Income Tax Return Form for public consultation
Nov 01, 2022

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A
Nov 01, 2022

Rs.1,51,718 crore gross GST revenue collected for October 2022
Nov 01, 2022

Pre-deposit payment method for cases pertaining to Central Excise and Service Tax
Oct 28, 2022

Extension of due date for filing FORM -26Q for the second quarter of financial year 2022-23
Oct 27, 2022

Extension of due date for furnishing return of income for the Assessment Year 2022-23
Oct 26, 2022

Advisory on Filing TRAN forms for Taxpayers from Daman and Diu & Ladakh
Oct 25, 2022

Implementation of mandatory mentioning of HSN codes in GSTR-1
Oct 22, 2022

Advisory on sequential filing of GSTR-1
Oct 21, 2022

Direct Tax Collections for F.Y. 2022-23 up to 08.10.2022
Oct 08, 2022

Clarification regarding time limit for certain compliances pursuant to issuance of Notification No. 18/2022-Central Tax dated 28.09.2022
Oct 04, 2022

Rs.1,47,686 crore gross GST revenue collected in the month of September 2022
Oct 01, 2022

Advisory on Filing TRAN-1/2 Forms to claim Transitional Credit
Oct 01, 2022

Extension of timeline for filing of various reports of audit for the Assessment Year 2022-23
Sep 30, 2022

Extension of time limit for furnishing modified return in Form ITR-A
Sep 26, 2022

CBDT issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961
Sep 17, 2022

Guidelines for Deductions and Deposits of TDS by the DDOs Under Goods and Services Tax Law
Sep 16, 2022

Additional Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961
Sep 13, 2022

Guidelines for filing/revising TRAN-1/TRAN-2 in terms of order dated 22.07.2022 & 02.09.2022 of Hon’ble Supreme Court in the case of Union of India vs. Filco Trade Centre Pvt. Ltd.
Sep 09, 2022

Supreme Court allows 4 weeks extension to open common portal for Tran 1 & Tran 2
Sep 03, 2022

Changes in Table 4 of GSTR 3B - Reporting of ITC availment, reversal and Ineligible ITC
Sep 02, 2022

Guidelines for Launching of Prosecution Under the Central Goods & Services Tax Act, 2017
Sep 01, 2022

Rs. 1,43,612 crore gross GST revenue collected in the month of August 2022
Sep 01, 2022

Guidelines on Issuance of Summons Under Section 70 of The Central Goods & Services Tax Act, 2017
Aug 17, 2022

Guidelines for Arrest and Bail In Relation to Offences Punishable Under The CGST Act, 2017
Aug 17, 2022

Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting held on 28th – 29th June, 2022 at Chandigarh
Aug 03, 2022

GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law
Aug 03, 2022

Clarifications regarding applicable GST rates & exemptions on certain services
Aug 03, 2022

Introducing Single Click Nil Filing of GSTR-1
Aug 02, 2022

E-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022.
Aug 01, 2022

Rs.1,48,995 crore gross GST revenue collected in the month of July 2022
Aug 01, 2022

Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the data of ITR electronically
Jul 29, 2022

Advisory on Upcoming Changes in GSTR-3B
Jul 22, 2022

FAQ’s on AIS (Annual Information Statement)
Jul 22, 2022

Introducing new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)
Jul 20, 2022

Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 9A and Form No. 10 for Assessment Year 2018-19 and subsequent years
Jul 19, 2022

Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10B for Assessment Year 2018-19 and subsequent years
Jul 19, 2022

Condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10BB for Assessment Year 2018-19 and subsequent years
Jul 19, 2022

FAQs on Income-tax Returns for Assessment Year 2022-23
Jul 19, 2022

Levy of Goods & Services Tax (GST) on the fees payable to SEBI
Jul 18, 2022

FAQs on GST applicability on ‘pre-packaged and labelled’ goods
Jul 18, 2022

Changes in GST rates on certain goods w.e.f 18.07.2022 on the recommendation of GST Council.
Jul 13, 2022

Changes in GST rates on certain services w.e.f 18.07.2022 on recommendation of GST Council.
Jul 13, 2022

Removal of negative balance in cash ledgers of some composition taxpayers
Jul 08, 2022

Manner of filing refund of unutilized ITC on account of export of electricity
Jul 06, 2022

Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A
Jul 06, 2022

Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification
Jul 06, 2022

Clarification on various issue pertaining to GST
Jul 06, 2022

Extension of waiver of late fee for delay in filing FORM GSTR-4 for FY 2021-22
Jul 05, 2022

Extension of due date of furnishing FORM GST CMP-08 for the quarter ending June, 2022 till 31.07.2022
Jul 05, 2022

Taxpayers having aggregate turnover upto Rs. 2 crores are exempt from the requirement of furnishing annual return for FY 2021-22.
Jul 05, 2022

No hotels or restaurants can add service charge automatically or by default in the food bill: Consumer Affairs Ministry
Jul 04, 2022

Rs.1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year
Jul 01, 2022

The central government notifies few virtual digital assets which shall be excluded from the definition of virtual digital asset.
Jun 30, 2022

CBDT notified Form 26QF for filing statement of tax deposited in relation to transfer of virtual digital asset under section 194S to be furnished by exchange.
Jun 30, 2022

Recommendations of 47th GST Council Meeting
Jun 29, 2022

GST Council Meet Updates
Jun 28, 2022

E-filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-22
Jun 27, 2022

Extension of levy of GST compensation cess till 31.03.2026.
Jun 24, 2022

Guidelines for removal of difficulties under sub-section (6) of section 194S of the Income-tax Act, 1961
Jun 22, 2022

CBDT notified challan-cum-statement in Form 26QE and certificate in Form 16E for the purpose of deduction of TDS on payment of transfer of virtual digital asset.
Jun 21, 2022

Prakhar Softech Services Ltd.

Circular No. 23/2022

Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

Dated the 3rd of November , 2022

EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2022

CIRCULAR

INCOME-TAX ACT

Finance Act, 2022 - Explanatory Notes to the Provisions of the Finance Act, 2022

CIRCULAR NO. - 23/2022, DATED 3rd NOVEMBER, 2022

Click here to download

FOR FREE CONDUCTED TOUR OF OUR ON-LINE LIBRARIES WITH OUR REPRESENTATIVE-- CLICK HERE

FOR ANY SUPPORT ON GST/INCOME TAX