Latest News December 1, 2024 9:06 am Understanding e-Invoicing in GST: A Comprehensive Guide December 2, 2024 7:54 am Understanding e-Invoicing in GST: A Comprehensive Guide July 2, 2024 9:21 am Taxation November 28, 2024 9:41 am Simplifying Tax and…
Latest News December 1, 2024 9:06 am Understanding e-Invoicing in GST: A Comprehensive Guide December 2, 2024 7:54 am Understanding e-Invoicing in GST: A Comprehensive Guide July 2, 2024 9:21 am Taxation November 28, 2024 9:41 am Simplifying Tax and…
Note on Electronic Filing of Declaration for Specified Premises on GST Portal Pursuant to Notification No. 05/2025 – Central Tax (Rate) dated 16th January 2025, the facility for filing declarations for declaring hotel accommodation premises as “Specified Premises” has now…
The Supreme Court of India recently delivered a significant ruling that underscores the sanctity of procedural safeguards in faceless tax assessments under Section 151A of the Income-tax Act, 1961. In the case of ADIT (International Taxation) 2, Hyderabad & Anr….
Many income tax assessees are currently receiving emails from the Income Tax Department with the subject line or message: “Rectification rights in your case for AY 2022-23 have been transferred to the Jurisdictional Assessing Officer on 16/07/2025 for the reason…
Clause-by-Clause Analysis of the Income Tax Bill, 2025 The Income Tax Bill, 2025 proposes a significant revamp of India’s tax system by streamlining definitions, modernizing provisions, and aligning tax laws with the digital economy. Below is a detailed breakdown of…
A Comprehensive Comparison of the Income Tax Bill, 2025 and the Income Tax Act, 1961 Introduction India’s tax system is undergoing a significant transformation with the introduction of the Income Tax Bill, 2025. The bill aims to simplify tax laws,…
The Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the return in FORM GSTR-3B electronically, through the common portal, by the registered persons, as specified under- 1. Monthly Returns (December 2024): For registered persons…
1. Mandatory Reporting of HSN Codes: As per Notification No. 78/2020 – Central Tax (15th Oct 2020), taxpayers must report HSN codes in Table-12 of GSTR-1/1A based on their Aggregate Annual Turnover (AATO) in the preceding financial year. Implementation is…
Vouchers have been a focal point of discussion in the trade and industry, raising critical questions about their GST implications. Common concerns include whether transactions in vouchers qualify as a supply of goods or services, the GST applicability on voucher…
