GST Calendar –Compliances for the month of July’2023 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) August 10, 2023 GSTR-8 (Tax Collected at Source ‘TCS’) August 10, 2023 GSTR-1 August 11, 2023 IFF- Invoice furnishing facility (Availing QRMP) August 13, 2023 GSTR-6 Input Service Distributor August 13, 2023 GSTR-2B (Auto-Generated Statement) August 14, 2023 GSTR-3B August 20, 2023 GSTR-5 (Non-Resident Taxable Person) August 20, 2023 GSTR-5A (OIDAR Service Provider) August 20, 2023 PMT-06 (who have opted for
Category: Department
RNM Tax Alert – Direct Tax Part for July 2023
CBDT NEW DELHI NOTIFICATION NO 52/2023, Dated: July 20, 2023 No deduction of tax u/s 194 of the IT Act 1961 from any income in the nature of dividend paid by any unit of an International Financial Services Centre [engaged in the business of leasing of an aircraft] CBDT NEW DELHI NOTIFICATION NO 54/2023, Dated: August 1, 2023 The CBDT vide Notification No. 54/2023 inserted rule 6ABBB; Form of statement (Form No. 3AF) to be furnished regarding preliminary expenses incurred
Reliance To Invest $122 Mn In Brookfield JV For Data Centre Projects
India’s Reliance Industries will invest up to INR 10 billion ($122.24 million) in building data centres in the country along with Canada-based Brookfield Infrastructure. The announcement comes at a time when data centre capacity in India is expected to rise exponentially as more people go online. Reliance will initially invest about INR 3.78 billion in units of Mercury Holdings SG Pte, which is a joint venture (JV) between Brookfield Infrastructure and U.S.-based real estate investment trust Digital Realty. The Mukesh
Choosing the Right GST Service Provider:
Key Factors to Consider for Smooth Compliance and Financial Efficiency As a business owner, navigating the complexities of Goods and Services Tax (GST) compliances juxtaposed with supply chain and business can be a daunting task. With ever-changing regulations and a constant need for accurate reporting, it’s crucial to have a reliable GST service provider with a deep understanding of GST laws and regulations. The right GST service provider can streamline your compliance processes, ensure financial efficiency, and save you from
Transaction & Regulatory Advisory Services Alert – June 2023
In this edition we have tried to bring to your notice the latest amendments that followed in the month of June, 2023 issued by MCA, RBI, SEBI, IBBI and others. SEBI LAWS Master circular on scheme of arrangement by listed entities and relaxation under sub rule (7) of rule 19 of the securities contracts (regulation) rules,1957 SEBI has notified the said master circular to enable the users to have access to the applicable circulars at one place. To read more
Indirect Tax Alert – June 2023
GST Calendar –Compliances for the month of June’2023 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) July 10, 2023 GSTR-8 (Tax Collected at Source ‘TCS’) July 10, 2023 GSTR-1 July 11, 2023 IFF- Invoice furnishing facility (Availing QRMP) July 13, 2023 GSTR-6 Input Service Distributor July 13, 2023 GSTR-2B (Auto Generated Statement) July 14, 2023 GSTR-3B July 20, 2023 GSTR-5 (Non-Resident Taxable Person) July 20, 2023 GSTR-5A (OIDAR Service Provider) July 20, 2023 PMT-06 (who have opted
Direct Tax Alert – June 2023
CBDT NEW DELHI CIRCULAR NO 10/2023, Dated: June 30, 2023 The CBDT issued a circular dated 30.06.2023; to remove difficulty in the implementation of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on the purchase of overseas tour program package – reg. CBDT NEW DELHI CIRCULAR NO 09/2023, Dated: June 28, 2023 Vide this circular the CBDT extended the time limit of filing of Statement of deduction of tax or collection of tax:- (i)
Corporate Finance Alert – June 2023
BPEA EQT, ChrysCapital Strike $1.3 Bn Deal For HDFC Credila Buyout group BPEA EQT and Indian private equity firm ChrysCapital have agreed to acquire a stake of around 90% in education finance company HDFC Credila Financial Services Ltd in a deal worth a total of about INR 11,063 crore ($1.3 billion). The two PE firms will buy the stake in HDFC Credila from Housing Development Finance Corporation (HDFC) for about Rs 9,060.5 crore ($1.1 billion). They will also infuse INR
Charges: Registration, Satisfaction & Modification
A CHARGE is stated in Section 2(16) of the Companies Act, 2013 which expresses that a charge could be and includes a mortgage In other words, a charge, in the context of the Companies Act, refers to a legal claim or interest created by a company over its assets or properties to secure a debt or an obligation. It serves as a safeguard for lenders and investors who provide financing to the company. Charges can be classified into two broad
Mastering Goods and Services Tax (GST): Essential Tips and Strategies for Businesses to Navigate the Complexities
Introduction The introduction of Goods and Services Tax (GST) has revolutionized the tax landscape for businesses globally. This all-encompassing and unified tax system, embraced by numerous countries, aims to simplify and streamline indirect taxation foster sustainable economic growth, and bolster tax compliance. However, navigating the intricate complexities of GST can be an overwhelming challenge for businesses, especially those unfamiliar with its intricacies. In this blog post, we will explore essential tips and strategies to empower businesses in mastering the GST