Page Contents
New GST updates for the Iron & Steel Industry regarding the sale of metal scraps, based on Notification No. 06/2024-Central Tax (Rate) and Notification No. 25/2024-Central Tax: The recent amendment to Notification No. 4/2017-Central Tax (Rate), u/s 9(3) of the CGST Act, 2017, addresses metal scrap transactions. This update, based on recommendations by the GST Council, introduces important changes that impact tax liabilities, particularly under the Reverse Charge Mechanism.
Decode Your Permanent Account Number (PAN) Card This is a great breakdown of the PAN structure! You’ve explained it… Read More
GST on sale of all used cars, including electric vehicles The 55th GST Council meeting held on December 21, 2024,… Read More
Budget 2025: Amendment in carry forward of losses 72A & 72AA This amendment is a significant move by the government… Read More
Post Budget 2025: Applicability of Sec 87A on old & New regimes In this blog explain the impact of Budget… Read More
Statutory Compliance Calendar (Due Dates) for the month of January 2025. In January 2025, businesses in India must adhere to… Read More
Cabinet approved New Income Tax Bill to replace Old tax Law The Union Cabinet has approved a new Income Tax… Read More