UAE releases Explanatory Guide on Corporate Tax Law.
Government brings directors, nominee shareholders and formation agents of Companies/LLPs under the purview of Prevention of Money Laundering Act, 2002.
Notification No. S.O. 2135 (E), dated 10-5-2023.
The words ‘as is where is and whatever is’ in sale notice do not shift the liability of post-liquidation municipal taxes from official liquidator to purchaser of property.
Official Liquidator v. Ujjain Nagar Palika Nigam – [2023] 150 taxmann.com 135 (SC).
Section 164 of the Companies Act – Non-provision for related party creditors in Resolution Plan is not violative of any law nor does it violate the principle of non-discrimination.
M. K. Rajagopalan v. Dr. Periasemi Palani Gounder – [2023] 150 taxmann.com 70 (SC).
CBIC rolls out Automated Return Scrutiny Module for GST Returns in ACES-GST backend application for Central Tax Officers.
Threshold limit for generating e-invoice reduced to INR 5 Cr. w.e.f. 1-8-2023.
Notification No. 10/2023 – Central Tax dated 10-5-2023.
Time limit extended till 31-5-2023 for exercising option to pay tax under forward charge for FY 2023-24 by GTAs.
Notification No. 05/2023 – Central Tax (Rate), dated 9-5-2023.
No liability of interest would arise if credit was reversed by petitioner before its utilisation.
Grundfos Pumps India (P.) Ltd. v. Jt. Commissioner of GST & Central Excise – [2023] 150 taxmann.com 176 (Madras).
GSTN issues advisory on deferment of implementation of time limit for reporting old e-invoices. Next date of implementation to be shared in due course.
GSTN Update dated 6-5-2023.
CBIC issues guidelines for Special All-India Drive against fake registrations.
Instruction No. 01/2023, dated 4-5-2023.