News

MCA expects to complete system changes for the additional fee waiver on FY 2025-26 financial statement and annual return filings by October 29, 2026.

MCA to Complete System Changes for FY 2025-26 Annual Filing Additional Fee Waiver by October 29

Circulars

CBIC clarifies GST ITC availment, reversal and GSTR-3B reporting requirements for banks, financial institutions and NBFCs under Section 17(4) of the CGST Act, 2017.

CBIC Clarifies GST Input Tax Credit Rules for Banks, FIs and NBFCs Under Section 17(4)

CBIC has withdraws the earlier clarification restricting ITC on demo vehicles under the dealer-agency model and clarifies their admissibility under Section 17(5) of the CGST Act, 2017.

CBIC Allows ITC on Demo Vehicles to Authorised Dealers Under Dealer-Agency Model under Section 17(5)

The Income Tax Department is urging select taxpayers to disclose undeclared overseas assets under FAST-DS by December 31, with disclosures covering foreign properties, shares and bank accounts.

IT Department Urges Select Taxpayers to Disclose Undeclared Overseas Assets Under FAST-DS

CBIC has issued a circular clarifying seven key issues concerning ISD registration, input tax credit eligibility, and ITC distribution under the CGST Act and Rules.

CBIC Clarifies Seven Key Issues Concerning Input Service Distributor (ISD) Under CGST Act and Rules 2017

CBIC has issued a circular clarifying key issues concerning GST appeal pre-deposits under Sections 107(6) and 112(8). 

CBIC Clarifies GST Pre-Deposit Refund Procedure in Appeals Under Sections 107 and 112, Addresses Six Key Questions

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