As the financial year 2024-25 progresses, understanding the process of Income Tax Return FY 2024-25 (ITR) filing becomes crucial for every taxpayer in India. Filing your ITR […]
Everything You Need to Know About Filing ITR for FY 24-25
56th GST Council Meeting – Highlights & Updates
56th GST Council Meeting – Highlights & Updates Business Standard reports that the Goods and Services Tax (GST) Council may introduce a 5% GST rate on all […]
55th GST Council Meeting – Highlights & Updates
Highlights from the 55th GST Council Meeting Here are some of the key decisions taken by the GST Council. The extension was provided to the Group of […]
Complete Information About PAN Card 2.0 – Features, Benefits & Process
What is PAN 2.0? The Income Tax Department has launched PAN 2.0 to enhance the issuance and management of Permanent Account Numbers (PAN). Under this initiative, applicants […]
GST on cigarettes, tobacco, aerated drinks may jump to 35%, says sources
GST on cigarettes, tobacco: The Group of Ministers (GoM) set up by the GST Council has proposed a new “special rate” of 35% for tobacco and aerated beverages, […]
RCM on Rent for Family-Owned Properties
On October 8, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 09/2024-Central Tax (Rate), effective from October 10, 2024, which significantly broadens the scope of the Reverse Charge […]
Gold Possession Limits Under Income Tax Rules
Gold is purchased for a variety of reason such as for auspicious occasions or for daughter/son’s marriage in future. It includes not only jewellery but also includes […]
Resolving Gaps Between GSTR-2B and GSTR-3B Data
If you have observed that there are discrepancies between GSTR-2B and GSTR-3B or GSTR-2B is not generated, then you can re-compute it by following these steps: Access […]
GST E-Invoice: Mandatory To Be Uploaded Within 30 Days w.e.f. April 2025
GST E-Invoice is an electronic invoice which is generated through the Invoice Registration Portal (IRP) and contains a unique Invoice Reference Number (IRN) along with a QR […]
Everything You need to know about Filing ITR FY 23-24
As taxpayers in India gear up for another tax season, it’s good to have the necessary knowledge to navigate the complexities of filing income tax returns for […]