Circulars

CBDT has issued a Circular on enhancing monetary limits for filing an appeal by the Department against the order passed in favour of the assessee.

CBDT enhanced Monetary Limits for Filing Appeal by Department before ITAT, High Courts and SLPs [Read Circular]

Articles

An audit report is a formal opinion issued by an internal or external auditor regarding the accuracy and quality of a company's financial statements.

Draft Independent Audit Report for FY 2023-24

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]

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

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.

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CBDT enhanced Monetary Limits for Filing Appeal by Department before ITAT, High Courts and SLPs [Read Circular]

Draft Independent Audit Report for FY 2023-24

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

GSTN Advisory on Last Opportunity for Reporting ITC Reversal Opening Balance

CBIC issued Clarification on Advertising Services provided to Foreign Clients

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