Kind of GSTR Return in India Payment System or mechanism under GST Regime General Rules for Payments Regular taxpayers under GST must compute tax monthly, set off Input Tax… Read More
Rule 86B under the GST Regime Rule 86B is a provision introduced under the Goods and Services Tax (GST) regime to restrict the use of Input Tax Credit (ITC) for… Read More
Big Relief to Taxpayers- welcome change for GST taxpayers The recent update by the Goods and Services Tax Network (GSTN) on increasing the document size limits for certain attachments is… Read More
Central Board of Indirect Taxes & Customs Circulars Issued on 26th June 2024 Following the recommendations from the 53rd GST Council Meeting on 22nd June 2024, Central Board of Indirect… Read More
Complete understanding about GSTR-1A What is GSTR-1A? GSTR-1A is a correction statement used to make amendments to the details of supplies reported in GSTR-1. Any corrections accepted in GSTR-1A will… Read More
Main Highlights from the 53rd Goods and Services Tax Council Meeting Changes in Goods and Services Tax Rates of Goods: Aircraft Parts and Tools: 5% IGST on imports of parts,… Read More
How to Become a Social Auditor? To become a Social Auditor in India, individuals must adhere to specific eligibility criteria, gain necessary experience, and complete certification requirements. Here's a comprehensive… Read More
IBBI issued a discussion paper for Reducing Compliance by Review of CIRP Forms The Insolvency and Bankruptcy Board of India (IBBI), following the guidance from the Financial Stability and Development… Read More
Eligibility U/S 197 for a certificate for Nil or lower TDS deduction Income Covered & Eligibility Condition of Apply U/s 197 Applicants must demonstrate that their projected tax liability for… Read More
Interpretation of "May be Taxed" in DTAAs In the context of Double Taxation Avoidance Agreements (DTAAs), the terminology used to describe taxing rights can significantly impact the taxation process. The… Read More