Analysis of Instruction No. 01/2023-GST – Dated 04th May, 2023 with regards to the Guidelines for Special All-India Drive against fake registrations

Background In the National Co-ordination Meeting on 24th April 2023, it was discussed that while various system based and policy measures are being taken to address fake registration and fake input tax credit problem, there is a need of concerted and coordinated action on a mission mode by Central and State tax authorities to tackle […]

Dear Readers, The 47th Meeting of GST Council was scheduled to be held in However, due to security clearances, the same was later on decided to be held in Chandigarh. In its 47th Meeting at Chandigarh on 28th and 29th June, 2022, several recommendations were made by the Council, the details of the same in[…..]

Section 194R – Brief Analysis

From 1st July, 2022, Section 194R will be applicable which states deduction of tax on benefit or perquisite in respect of business or profession i.e. TDS on benefit or perquisites given. It is a general practice in many industries to gift cars, luxurious trips, laptops, mobile etc. as a gift for achieving targets or as[…..]

GST: Extension of Due date for GSTR 3B for April 2022

Due to technical glitches in generation of GSTR 2B, the due date is extended as below: –GSTR 3B – Due date for April 2022 month is extended till 24th May 2022 (Notification No. 05/2022 – Central Tax – dated 17th May 2022). –PMT – 06 – Due date for deposit of tax for QRMP persons[…..]