Finacctax Services

08/04/2024

New option added in "Table 12 - HSN wise summary of outward supplies" in GSTR 1 for Tax Payers generating e-invoices

Now Tax Payers can Import HSN Data in GSTR 1 from E-Invoices, these will help the tax payers in importing all HSN data where e-invoices were generated and manual entry for only that HSN data where e-invoices were not generated

If Tax Payers have only B2B supplies then it will save his time for HSN data entry

Thanks updates

05/04/2024

02/04/2024

*Income tax Return filing New Dates for FY 2023-24 (AY 2024-25)*
April 2, 2024 by Pooja Gupta

Section 139 of Income Tax Act talks about Return of income and Section 139 (1) talks about Due dates to file Income tax Return in various cases as below:

(aa) in the case of an assessee 52[, including the partners of the firm or the spouse of such partner (if the provisions of section 5A applies to such spouse), being such assessee,] who is required to furnish a report referred to in section 92E, the 30th day of November of the assessment year;

(b) in the case of a person other than a company, referred to in the first proviso to this sub-section, the 31st day of October of the assessment year;

(c) in the case of any other assessee, the 31st day of July of the assessment year.

02/04/2024

Gross Direct Tax(DT) collections for FY 2023-24 as on 17.03.2024 at Rs. 22.27 lakh crore, grow at 18.74% over collections of corresponding period in preceding year.

Net DT collections at Rs. 18.90 lakh crore, grow at 19.88% over collections of corresponding period in preceding year.

Advance Tax collections as on 17.03.2024 at Rs. 9.12 lakh crore grow at over 22.31% over the same period in preceding year.

Refunds amounting to Rs. 3.37 lakh crore issued upto 17.03.2024 are 12.74% higher compared to refunds issued in the corresponding period of preceding year.

24/10/2022

Income Tax Dept issued an Update on 20.10.2022 stating that Form No. 10BBD is now available for filing vide Notification No. 50/2022 dated 6 May 2022. Form No. 10BBD is related to Intimation by Pension Fund of investment under clause (23FE) of section 10 of Income-tax Act, 1961

24/10/2022

HAPPY DIWALI FROM TEAM Finacctax Services. Stay safe and blessed.🪔🪔🕯🪔

06/08/2022

Implementation of Recommendation of 47th Meeting.

Clarification issued on leviability of GST on the additional toll fees collected in the form of higher toll charges from vehicles not having Fastag.

Link to Circular No.177/09/2022-TRU 👇https://t.co/LpLk4MoZGA https://t.co/pmTQO2v9By

06/08/2022

Implementation of Recommendation of 47th Meeting.

Clarification on applicability of GST on appln fee charged for entrance or the fee charged for issuance of eligibility certificate for admission or for issuance of migration certificate by educational institutions. https://t.co/ElYbtloUQ1