Useful Updates on Income Tax & GST:
1. [Contributions by : CA. Satish Agarwal]
Legal updates for India
(A) Income tax Act, 1961
(B) Reserve Bank of India (RBI)
(C) Securities Exchange Board of India (SEBI)
(D) International Taxation
(E) Companies Act, 2013
(F) Goods and Services Tax (GST)
(G) Miscellaneous
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2. [Contributions by : CA. Bimal Jain]
i) Deferred the decision to change the rates in textiles from 5% to 12% w.e.f. January 01, 2022
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ii) Employer arranging transportation facility for their employees does not fall under the definition of business
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ii) GST @ 12% chargeable on supplying, operating, and maintaining air-conditioned electrically operated buses with ITC
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ii) No IGST payable on high sea sales
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