New GST Rates and Changes – 56th GST Council Meeting introduced major reforms in the Goods and Services Tax (GST) system. These changes simplify taxation, reduce the […]
New GST Rates and Changes – 56th GST Council Meeting
56th GST Council Meeting – Highlights & Updates
The 56th GST Council Meeting marked a major turning point in India’s indirect tax reform. Under the leadership of FM Nirmala Sitharaman, the Council enacted sweeping GST […]
OPC Annual Return Filing for Dormant Companies
The One Person Company (OPC) structure is a popular choice for Indian entrepreneurs, offering the advantages of a private limited company with the simplicity of sole ownership. […]
RBI Cuts Repo Rate: What It Means and How Customers Can Benefit
The Reserve Bank of India (RBI) has recently announced a cut in the repo rate—a move aimed at stimulating economic activity, reducing borrowing costs, and encouraging spending […]
Everything You Need to Know About Filing ITR for FY 24-25
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 […]
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 […]