Rule 86B, introduced by Notification No. 94/2020 – Central Tax on December 22, 2020, effective from January 1, 2021, limits the use of Input Tax Credit for discharging output… Read More
File GSTR-3B by Nov 30, 2024, to Claim Pending ITC for FY 2023-24 The deadline for claiming Input Tax Credit for Financial Year 2023-24 is fast approaching. The final deadline… Read More
Income Tax Department identify cases where capital gain tax has not been paid by land owners : The Income Tax Department's recent focus on capital gains tax compliance under Section… Read More
Overview on RBI Penalties is not a 'Supply' Under GST law : The recent ruling by the Maharashtra Authority for Advance Ruling on RBI penalties and GST offers a clear… Read More
File Fresh declaration required for Goods Transport Agency Services Managing billing under both Forward Charge Mechanism and Reverse Charge Mechanism for a transporter client involves meticulous compliance with GST regulations.… Read More
GST Returns to Become Time-Barred After 3 Years The upcoming change in the GST system, effective from early 2025, will significantly impact taxpayers by imposing a 3 year time limit… Read More
IIIPI Advisory for IIIPI Members on Fulfilling CPE Hours Requirement The Indian Institute of Insolvency Professionals of ICAI advises its members to comply with the Continuing Professional Education requirements prescribed… Read More
Impact Analysis of Section 43B(h) Amendment on timely Payments to MSME Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, playing a pivotal role in creating jobs… Read More
Direct Tax Code 2025 brings making compliance Easier The Direct Tax Code 2025 brings several significant changes aimed at simplifying the tax system and making compliance easier. These changes aim… Read More
Summarized list of 30 points on GST officers & their powers The following points outline the comprehensive powers and responsibilities of GST officers under the Goods and Services Tax law,… Read More