Amendment to Time Limit for Furnishing Details of Outward Supplies under Goa

The Government of Goa has issued a notification extending the time limit for furnishing the details of outward supplies in FORM GSTR-1 for the tax period March, 2024, till the twelfth day of April, 2024. This amendment to the Goa Goods and Services Tax Act, 2017, reflects the government’s commitment to providing flexibility and support to registered persons in fulfilling their tax obligations.

Parliamentary Elections: NSE Trading Pause on May 20, 2024

National Stock Exchange of India Limited Circular Department: Debt Segment Download Ref No: NSE/DS/61603 Date: April 15, 2024 Circular Ref. No.: 08/2024 To All Members and Participants: Trading Holiday on May 20, 2024, due to Parliamentary Elections In partial amendment to Exchange circular download reference no. NSE/DS/59958 dated December 27, 2023, the Exchange hereby declares Monday, May 20, 2024, as a trading holiday due to Parliamentary Elections in Mumbai.

CBDT signs record number of 125 Advance Pricing Agreements (APAs) in FY 2023-24

The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the arm’s length price of international transactions in advance for a maximum of five future years. Further, the taxpayer has the option to rollback the APA for four preceding years, as a result of which, tax certainty is provided for nine years. The signing of bilateral APAs additionally provides the taxpayers with protection from any anticipated or actual double taxation.

Kerala Govt’s Startup Accelerator Workshop: Launch Pad

Topics covered include legal aspects of business, idea generation, project report preparation, sales and marketing strategies, securing financial assistance from banks, understanding GST, necessary business licenses, and insights from successful entrepreneurs.

ITR functionalities enabled on the e-filing portal 

The ITR functionalities i.e. ITR-1, ITR-2 and ITR-4, commonly used by taxpayers are available on the e-filing portal from 1st April, 2024 onwards for taxpayers to file their Returns. Companies will also be able to file their ITRs through ITR-6 from April 1 onwards.