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
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
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
Government has extended the timeline for mandatory linking of PAN with Aadhaar till June 30, 2023. In this Alert we have discussed consequences of non-linking of PAN with Aadhaar. Download
Indian Finance Minister Mrs. Nirmala Sitaraman presented in the Parliament on February 1, 2023 the Union Budget 2023. In this Alert we have discussed the key direct tax and GST proposals for the FY 2023-24.Download
