Government announces such amnesty schemes time to time for providing benefits to the taxpayers. Especially to those taxpayers, who have not filed returns in time or they have committed any defaults under GST Laws. It was first come into force in 2018.
The MCA vide its Notification No. G.S.R. 700(E) Dated 15th September, 2022 has yet again revised the definition of Small Company [Section 2(85) of The Companies Act, 2013].
Penalty levying for GSTR-9C for late filing u/s 125 of CGST Act is unconstitutional and unfair where late fees has already been collected by the government for GSTR -9.
This article delves deep into the critical points that taxpayers and professionals must consider while dealing with SCNs under the GST regime.
Checklist to be followed in March 2024 for the GST Compliances of FY 2023-24
A simple gadget over a period of time has become a pocket-sized computer holding treasure of information and data, thus resulting in greater risk of data loss.
This article will cover the laws regarding property purchase and sale by NRIs, as well as the repatriation of sale proceeds, in separate sections.
All the registered taxpayers paying tax under the provisions of section 10 of CGST Act 2017 or availing benefits of Notification No. 2/2019-Central Tax (Rate)
The GST system uses a nomenclature called SAC code, which was created by the Central Board of Indirect Taxes and Customs. These codes aid in identifying services and their corresponding GST rates to calculate the applicable tax amount.
This article covers steps to Calculate Income Tax on Salary for FY 23-24 followed by an Illustration considering both Old and New Regime!
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English