CAs may Soon Get to Advertise their CA Firms The article emphasizes that this change will modernize the profession, improve client awareness, and create a level playing field for Indian firms globally. Summary of Key Points Regulatory Change Underway : The government is likely to amend laws governing chartered accountancy to relax restrictions on advertising …
Comparison of GSTR-1, GSTR-3B, GSTR-2A & GSTR-2B Difference of GST returns (GSTR-1, GSTR-3B, GSTR-2A, and GSTR-2B) along with their filing dates and key characteristics. Here’s a structured breakdown: Return Type Purpose Filed By Nature Frequency Due Date / Availability Remarks GSTR-1 Statement of outward supplies (sales) made Supplier of goods/services Filed return Monthly / Quarterly …
Why and How to Avoid Useless Expenses This Diwali – A Nature Lover’s Perspective October 2025 Diwali, the festival of lights, is a time for joy, togetherness, and celebration. But for many, it also becomes a season of overspending driven by social pressure, impulse buying, and the desire to make everything “perfect.” Diwali is just …
Simplified GST Registration Scheme for small and low-risk businesses in India, A new optional scheme approved by the GST Council on 3 September 2025 to simplify GST registration for “small and low-risk” applicants. The idea is to grant GST registration automatically by the system (with minimal manual checks) for eligible applicants, instead of long/complex verification. …
GST Changes Coming in GST from October 2025 No Auto ITC in GSTR-2B : Until now: Input Tax Credit (ITC) auto-appeared in GSTR-2B (based on suppliers’ filing). From Oct 2025: ITC won’t auto-flow. This is to be noted that as per New Rule: Only invoices that you accept in IMS (Invoice Management System) will count …
Meaning, Applicability & Filing Process of Form 15CA & 15CB When an individual or business sends money to a Non-Resident Indian (NRI) or a foreign entity, the sender is often required to file Form 15CA and Form 15CB with the Income Tax Department. These forms are vital for tracking foreign remittances and ensuring compliance with …
TDS Rules on Virtual Digital Assets (VDAs) u/s 194S of the Income Tax Act, 1961, Crypto & Income Tax in India (Post July 1, 2022) : TDS is Advance tax collected by exchanges like ZebPay on behalf of the Government. TDS deducted on On every sale or transfer of Virtual Digital Assets (VDAs) from July …
GST Council meetings in September and the possible GST reforms: Prime Minister Narendra Modi on Monday chaired a high-level meeting, which included top Union ministers, secretaries and economists, to deliberate on the roadmap for next-generation reforms, one of the key announcements he had made in his August 15 address Goverment moves ahead with the two-slab …
ICAI deferred Phase III & Phase IV of the Peer Review Mandate The Institute of Chartered Accountants of India (ICAI) has extended the enforcement deadlines for Phases III and IV of its peer review mandate. Originally scheduled for April 2024 and April 2025, the new deadlines have been revised to 1 July 2025 for Phase …
55th GST Council meeting issuance of 8 Notifications by CBIC The 55th GST Council meeting and subsequent issuance of eight notifications by the CBIC on January 16, 2025, reflect ongoing efforts to refine and enhance the GST framework. These aim to streamline tax rates, exemptions, compliance mechanisms, and definitions to ensure greater clarity and fairness …