Haryana GST Department Mandates Postal Intimation of Show Cause Notices and Demand Orders – Major Relief for Taxpayers
Haryana GST Department Mandates Postal Intimation of Show Cause Notices and Demand Orders – Major Relief for Taxpayers Haryana GST Department Issues New Instructions for Communication of GST Notices and Orders The Excise & Taxation Department, Haryana has issued Instruction No. 02/2026/GST-II dated 01.06.2026, directing GST officers to additionally send important GST notices and demand […]
Simplified Explanation of Notification No. 53/2023 – Central Tax
Simplified Explanation of Notification No. 53/2023 – Central Tax Heading: Special Procedure for Filing GST Appeals After Deadline Purpose of the Notification: This notification provides a special procedure for taxpayers who missed the deadline to file an appeal against orders under Sections 73 and 74 of the Central Goods and Services Tax (CGST) Act, 2017. […]
Simplified Explanation of Notification No. 54/2023 – Central Tax
Simplified Explanation of Notification No. 54/2023 – Central Tax Heading: Amendment to GST Registration Procedure for Certain States Purpose of the Notification: This notification updates the list of states and union territories where a specific GST registration provision does not apply. Key Details: Legal Basis: Authority: This amendment is made under sub-rule (4B) of Rule 8 […]
Simplified Explanation of Notification No. 56/2023-Central Tax
Simplified Explanation of Notification No. 56/2023-Central Tax Heading: Extension of Time Limit for Issuance of Orders for Tax Recovery Purpose of the Notification: This notification extends the deadline for issuing orders to recover unpaid or short-paid tax and wrongly availed input tax credit for specific financial years. Key Details: Legal Basis: Powers: The extension is granted […]
Simplified Explanation of Notification No. 23/2022 – Central Tax
Notification No. 23/2022 deals with anti-profiteering measures under the Central Goods and Services Tax (CGST) Act. It involves the role of the Competition Commission of India (CCI) in ensuring that benefits from tax credits or rate reductions are passed on to consumers. Key Points: Empowerment of the Competition Commission of India (CCI): The Competition Commission […]
Sec 80E – Deduction in respect of interest on loan taken for higher education
To promote the higher education in India, the Government of India desired to provide a tax deduction on the interest component of higher education loans. However, the deduction is provided only for the interest part of the EMI. There is no tax benefit for the principal part of the EMI However, the deduction is provided […]
START UP INDIA SCHEME
The Startup India Scheme is a government initiative aimed at fostering entrepreneurship, innovation, and job creation in India. Here are the key aspects of the scheme: Recognition by DPIIT: Under the Startup India initiative, eligible companies can get recognized as startups by the Department for Promotion of Industry and Internal Trade (DPIIT). This recognition provides access to several benefits, including tax incentives, […]
Simplified Explanation of Amendments in Central Goods and Services Tax Rules, 2022
Overview: The Central Goods and Services Tax (Third Amendment) Rules, 2022, bring several changes to the GST rules, impacting various forms and procedures. These changes streamline and update the filing and reporting requirements for taxpayers. Below is a simplified explanation of these amendments. 1. Amendments in Rule 21: New Clauses Added: (h) If a registered person […]
Simplified Explanation of Notification No. 2/2022-Central Tax
New Powers for Additional and Joint Commissioners of Central Tax Overview: Notification No. 2/2022-Central Tax updates the roles and powers of Additional Commissioners and Joint Commissioners of Central Tax. It specifies new powers for these officers in relation to notices issued by the Directorate General of Goods and Services Tax Intelligence (DGGI). Key Changes: New […]
Simplified Explanation of Notification No. 3/2022-Central Tax (Rate)
Amendments to GST Rates for Services and New Rules for Goods Transport Agencies Overview: Notification No. 3/2022-Central Tax (Rate) introduces changes to the GST rate schedule for services and includes new provisions for Goods Transport Agencies (GTAs). The changes are meant to adjust the GST rates for various services and update the procedures for GTAs. […]