Author: Shabana Rubani

Latest on GST

By Shabana Rubani
The CBIC notified six new CGST notifications. Important ones are as follows-(a) GSTR-3B format was modified to include a new table 3.1.1 to report e-commerce sales and taxes payable on the same for both e-commerce operators and e-commerce sellers. A few more changes were done to Table 3.2 and 4. Check…
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NGO Audit

By Shabana Rubani
What is the Task to be performed by an Auditor while Conducting NGO Audit? The Auditor needs to conduct the following tasks while conducting an NGO Audit: Since the NGO has its own memorandum the Auditor while conducting NGO Audit must have few insights about the company. The Auditor, while…
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Latest on GST

By Shabana Rubani
The 47th GST Council meeting was held on the 28th and 29th of June 2022 in Chandigarh. Union FM Nirmala Sitharaman chaired this meeting and made key recommendations to revise rates goods and services. Further, the GST exemption list was trimmed down and modifications to the GSTR-3B format are now opened…
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Latest on Income Tax

By Shabana Rubani
CBDT notified Income-tax Returns for AY 22-23 (ITR-1 to ITR-7). Circular 8: CBDT extended date for filing Form 10AB till 30th September, 2022. Aadhaar PAN linking date extended till 31st March 2023 subject to payment of fee for Rs. 500/- till 30th June 2022 and Rs. 1,000/- thereafter.
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Latest on GST

By Shabana Rubani
The 47th GST Council meeting is being held on the 28th and 29th of June 2022 in Chandigarh. Union FM Nirmala Sitharaman is chairing this meeting and may make key recommendations to revise rates for 14 goods and 22 services. Further, the GST exemption list could be trimmed down and modifications…
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Taxable and Non Taxable Allowance

By Shabana Rubani
Fully Taxable allowances: Dearness Allowance: The allowance is paid to the employees to cope with inflation. Entertainment Allowance: This is an allowance that is provided to the employees to reimburse the expenses which are incurred on the hospitality. Overtime Allowance: Overtime allowance is the allowance which is paid to the employees for working above…
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MCA AZADI KA AMRIT MAHOTASAV(AKAM)

By Shabana Rubani
 Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurates Iconic Week of Ministry of Corporate Affairs (MCA) during Azadi Ka Amrit Mahotsav celebrations here today. Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh graced the celebrations as the Guest of Honour besides the presence of Shri…
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