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Exactly! Under Section 44AB of the Income Tax Act, if a taxpayer’s total income exceeds the specified threshold, they are required to undergo a tax audit conducted by a practicing Chartered Accountant. Once the tax audit is completed, the CA prepares and uploads the Tax Audit Report on the Income Tax e-Filing portal.

G.S.R   (E):-In exercise of the powers conferred by sub-section (1) of section 7 of the UTGST  Act, 2017 (14 of 2017), the  Central  Government,  on the  recommendations  of the Council,

G.S.R   (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the CGST Act, 2017 (12 of 2017), the Central Government,

In the symphony of finance, the terms “credit” and “debt” perform a delicate dance, shaping the economic decisions of individuals and corporations alike. This article unravels the intricate web of credit and debt, delving into their definitions, significance, and the art of leveraging them wisely. Join us on a journey through the financial cosmos, where credit and debt take center stage.

G.S.R    (E).–In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the CGST Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act),

GSR……(E).- In exercise of the powers conferred by sub-section (3) of section 5 of the IGST Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council,

(a) the value added tax, sales tax, purchase tax, tax collected on works contract, or any other tax levied by the concerned State under the erstwhile entry 54 of List-II (State List) of the Seventh Schedule to the Constitution;

G.S.R.….(E).- In exercise of the powers conferred by sub-section (1) of section 11 of the CGST Act, 2017 (12 of 2017) (hereafter in this notification referred to as “the said Act”),

(1) The Central Goods and Services Tax Act, 2017 (hereinafter referred to as the principal Act) and all rules, notifications and orders made thereunder by the Central Government are hereby extended to, and shall be in force in, the State of Jammu and Kashmir.

Sub-rule (10) of rule 96 of Central Goods and Services Tax Rules, 2017 (hereinafter referred to as “CGST Rules”) provides for a bar on availment of the refund of integrated tax (IGST) paid on export of goods or services,