Notifications

The Central Board of Direct Taxes (CBDT) has notified a new Standard Operating Procedure (SOP) for handling internal audit objections via issuing an Instruction.

CBDT notifies SOP on Handling Internal Audit Objections [Read Instructions]

Articles

News

The Goods and Services Tax Network (GSTN) has notified the new facility of the Re-opening of Reporting ITC Reversal Opening Balance.

GSTN Advisory on Last Opportunity for Reporting ITC Reversal Opening Balance

Circulars

CBIC has clarified many taxation concerns relating to advertising services given to foreign clients by Indian advertising businesses.

CBIC issued Clarification on Advertising Services provided to Foreign Clients

CBIC has stated that automobile dealers who use demo cars to promote sales can claim an ITC under the GST rules.

CBIC allowed Automobile Dealers to claim ITC on Demo Cars used for Sales Promotion

FM Nirmala Sitharaman addressed a burning question "Will the income tax rate for the middle class be reduced?". She rules out Lower Rates in Old Tax Regime.

FM Nirmala Sitharaman rules out Reduction in Tax Rates in Old Tax Regime

Houseboat owners are in a dilemma since the state GST department has begun demanding that 18% GST be paid retroactively beginning in 2017.

Owners of Houseboats asked to pay GST@18% beginning in 2017

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