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Opportunity to get input credit of pre-GST era if not claimed earlier

As a onetime opportunity companies can apply to govt. to get credit of input taxes for period prior to GST law started in 2017. Govt. has released detailed procedures in this regard. This facility is available only from Oct/1-Nov/30, 2022. Download
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A new version (V3) of MCA Portal is going to be launched.

A new version of MCA Portal (V3) is being launched. In this process, some forms will be not be available from August 15, 2022 to August 31, 2022. Any pending SRN for these forms should be paid by 15th August. Download
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Time for e-verification of return reduced

BDT has reduced the time limit for verification of income-tax return ("ITR") from 120 days to 30 days for ITR filed on or after August 1, 2022. For ITR filed up to July 31, 2022, earlier time limit of 120 days would continue to apply. Download
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Our Publications

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Ease of Doing Business- Definition of Small Companies further relaxed

In a major step towards ease in corporate compliance, government has further relaxed the definition of 'small companies' w.e.f September 15, 2022. In this alert, we have discussed the revised definition of small companies and benefits enjoyed by them. Download
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CBDT issued further clarifications on Section 194R

The Finance Act, 2022 had inserted a new section 194R in the Income-tax Act, 1961 applicable with effect from July 1, 2022, to provide for TDS on benefits/perquisites provided in respect of business or profession. CBDT has issued further clarifications on section 194R. GSAP Alert in this regard is attached. Download
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Tax Alert on SC Ruling on taxability of Secondment Costs

The Supreme Court of India and recently passed a ruling regarding service tax liability on cross charge of secondment costs. Please find attached GSAP Alert in this regard. Download
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Our Articles

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Digitising Corporate Governance using Blockchain

In this article we have discussed the usage of blockchain and other digital means in corporate governance. Download
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ICAI Virtual International Conference 20-22 January 2022

GSAP article published by the ICAI on international efforts for efficient taxation system in view of growing digital cross border transactions. Download
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GSAP News Alert – India Budget 2022

CBDT has issued a circular clarifying its interpretation of the MFN clauses of the tax treaties. In this article we carried out an impact analysis of this circular in view of judicial pronouncements. Download
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GSAP has been awarded for “International Tax Practice of the Year”, by BRICS Chamber of Commerce & Industry.

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