GSTN rolls out form for tobacco manufacturers to report inputs, outputs to tax authorities GSTN rollout for tobacco manufacturers to report inputs and outputs to tax authorities marks a significant… Read More
12A CIRP withdrawal application cannot be kept pending for constitution of CoC Indeed, the Insolvency and Bankruptcy Code (IBC) was introduced with the aim of creating a robust mechanism for… Read More
Statutory Compliance Calendar 2023-24 Statutory Compliance Due date for the May 2024 Income Tax and GST Due Date Calendar of June 2024 Read More
Is the Executive Director provide Professional Consultancy Services to Company? An Executive Director can indeed provide consultancy or professional services to the company, While an Executive Director can provide consultancy… Read More
Big News for Chartered Accountants - 60-Tax Audit Capping- Confirmed by Supreme Court Supreme Court in the matter of Case: B. V. Nagarathna & Augustine George Masih, JJ. The Supreme… Read More
How to Claim a Full Income Tax Refund An income tax refund occurs when the tax paid by a taxpayer exceeds their actual tax liability for a financial year. This… Read More
Goods and Services Tax (GST) Implications on Bad Debts The question of how GST handles bad debts arises frequently. Specifically, it concerns whether GST paid on supplies that result in… Read More
How to safeguard us via Incorrect GSTN reporting in GSTR 1? Under GST, a return that has been submitted can not be modified. Any mistake in the return can be… Read More
Annual Information Statement feedback process The new AIS (Annual Information Statement) feedback process enhances taxpayer services and compliance ease by allowing users to review their transactions and submit feedback. Here… Read More
ICAI Disciplinary Action on Chartered Accountant for False Declaration on INC-22 ICAI has imposed significant disciplinary measures on CA for professional misconduct. The CA has been debarred for 90 days… Read More