The Goods and Services Tax Network (GSTN) issues advisory with respect to issues arising in the GSTR-2B statement for the month of April 2022. It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible in the
Insolvency and Bankruptcy Board of India Frequently Asked Questions-Insolvency Professionals Question 1. Who is an insolvency professional (IP)? Answer. As per the Insolvency and Bankruptcy Code, 2016 (the Code), an insolvency professional (IP) means an eligible person: a. enrolled with an insolvency professional agency (IPA) as its member and, b. registered with the Insolvency and
Eligibility Qualification and Experience to become a Registered Valuer under IBBI:- In this article, we have discussed the eligibility, qualification and experience required to become a registered valuer under the Insolvency and Bankruptcy Board of India (IBBI) for individuals only. However, a registered partnership firm and company are also eligible to become the registered valuer
Question 1:- Who is a Valuer? Answer:- A Valuer is an individual or an entity who does the work of valuation. Question 2:- Which Act and Rules define Valuer? Answer:- The Companies (Registered Valuers and Valuation) Rules, 2017, notified in exercise of powers conferred by section 247 read with sections 458, 459 and 469 of
The Central Board of Direct Taxes (CBDT) vide its Notification No 53/2022 [G.S.R. 346(E)] dated 10th May 2022 notifies the amendment in the rule with respect to having/applying for Permanent Account Number w.e.f 26th of May 2022. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 10th May 2022 G.S.R. 346(E).––In exercise of
Question 1. Who is an NRI (Non-resident Indian)? Answer: A ‘Non-resident Indian’ (NRI) is a person resident outside India who is a citizen of India. Question 2. Who is a PIO? Answer: A ‘Person of Indian Origin (PIO)’ is a person resident outside India who is a citizen of any country other than Bangladesh or Pakistan or
The Central Board of Direct Taxes (CBDT) vide its Notification No 49/2022 [G.S.R. 339(E)] dated 5th May 2022 amends the rules with respect to filing of application for obtaining advance ruling under Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th May, 2022 G.S.R.
S. No. Statute Purpose Compliance Period Due Date Event Details 1 Income Tax Act, 1961 TDS/TCS Liability Apr-22 07-May-2022 Due date for depositing TDS/TCS for the month of Apr-22 2 Goods and Services Tax GSTR-7 – TDS Apr-22 10-May-2022 Due date for filing of TDS return under GST law. 3 Goods and Services Tax GSTR-8
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