CBIC Notifies Annual Return Filing Exemption For Taxpayers Having Aggregate Turnover Upto Rs. 2 Crore in FY 2022-23
1 year, 4 months ago

CBIC Notifies Annual Return Filing Exemption For Taxpayers Having Aggregate Turnover Upto Rs. 2 Crore in FY 2022-23

Live Law  

The Central Board Of Indirect Taxes and Customs has sought to exempt the registered person whose aggregate turnover in the financial year 2022-23 is up to Rs. 2 crores.“In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017, the Commissioner, on the recommendations of the Council, hereby exempts the registered person. “In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017, the Commissioner, on the recommendations of the Council, hereby exempts the registered person whose aggregate turnover in the financial year 2022-23 is up to two crore rupees, from filing annual return for the said financial year,” the CBIC notified. 32/2023 – Central Tax Date: 31/07/2023

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History of this topic

CBDT Notifies New Monetary Limits For Condonation Of Delay In Filing Refund Claim And Claim Of Carry Forward Of Losses
1 year, 6 months ago

CBDT Notifies New Monetary Limits For Condonation Of Delay In Filing Refund Claim And Claim Of Carry Forward Of Losses

Live Law  

The Central Board of Direct Taxes has issued new monetary limits in respect of condonation of delay in filing refund claim and claim of carry forward of losses under Section 119 of the Income-tax Act, 1961.The Principal Commissioners of Income-tax/Commissioners of Income-tax shall be vested with the powers of acceptance/rejection of applications/claims if the. The Central Board of Direct Taxes …

CBDT Exempts NRIs Without PAN From E-filing Form 10F Upto March 2023
2 years ago

CBDT Exempts NRIs Without PAN From E-filing Form 10F Upto March 2023

Live Law  

The Central Board of Direct Taxes has exempted non-resident Indians without permanent account numbers from e-filing Form 10F up to March 2023.The notification No. The Central Board of Direct Taxes has exempted non-resident Indians without permanent account numbers from e-filing Form 10F up to March 2023. "On consideration of the practical challenge being faced by non-resident taxpayers not having PAN …

E-Invoicing Mandatory For Businesses With Annual Turnover Of More Than Rs.10 Crores: CBIC
2 years, 4 months ago

E-Invoicing Mandatory For Businesses With Annual Turnover Of More Than Rs.10 Crores: CBIC

Live Law  

The Central Board of Indirect Taxes and Customs has made e-invoicing mandatory for businesses with a turnover of more than Rs. The Board empowered under sub-rule of rule 48 of the Central Goods and Services Tax Rules, 2017 amended the notification no. "In the notification, in the first paragraph, with effect from the 1st day of October, 2022, for the …

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores
2 years, 5 months ago

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores

Live Law  

The Central Board of Indirect Taxes and Customs, on the recommendation of the GST Council, has exempted the registered person from filing an annual return whose aggregate turnover in the financial year 2021-22 is up to Rs. The Board has inserted a provision that the persons shall furnish a statement containing the details of self-assessed tax in FORM GST CMP-08 …

CBDT issues refunds of over ₹1,29,190 cr to nearly 4 mn taxpayers since April
4 years, 1 month ago

CBDT issues refunds of over ₹1,29,190 cr to nearly 4 mn taxpayers since April

Live Mint  

New Delhi: The Central Board of Direct Taxes on Wednesday said it has so far issued over ₹1,29,190 crore in refunds to over 39.49 lakh taxpayers from April till November 3. As per the I-T Department, income tax refunds of ₹34,820 crore have been issued in connection with 37,55,428 cases and corporate tax refunds of ₹94,370 crore have been issued …

CBDT issues over ₹98,625 crore to 26.2 lakh taxpayers since April
4 years, 3 months ago

CBDT issues over ₹98,625 crore to 26.2 lakh taxpayers since April

Live Mint  

The Central Board of Direct Taxes has issued refunds of over ₹98,625 crore to more than 26.2 lakh taxpayers between April 1 to September 1, 2020, said the Income Tax Department in a statement on Wednesday. The CBDT earlier said the income tax authorities can share information with scheduled commercial banks, a move that would ease the lenders’ hassle of …

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