UPI Transaction Limit: Daily Limit and Important Update
UPI stands for Unified Payment Interface. One of India’s greatest developments, pioneered by the National Payments Corporation of India (NPCI) […]
GST Registration: Major Changes in 2025
GST Registration is a process by which a business obtains a unique GSTIN (Goods and Services Tax Identification Number) to
80GGC: IT Dept Begins Verification of Donation Deductions
Section 80GGC is a part of Chapter VI-A of the Income Tax Act, 1961 which include deduction towards donations made
LUT in GST: FY 2025-26 is Available on GST Portal
LUT stands for Letter of Undertaking. It is a declaration that exporters under GST can file goods or services without
GSTR-3B: Liability Editing Still Allowed for Now
GSTR-3B is a summary of supplies made during the month along with GST to be paid. It discloses summary of
What’s in Store for Senior Citizens Financial Security: Budget 2025
As the Union Budget 2025 approaches, several proposals and expectations have emerged concerning the financial security of senior citizens. Key
How the IT Department is Leveraging AI to Detect Tax Evasion?
The Income Tax Department is increasingly using Artificial Intelligence (AI) to combat tax evasion, leveraging advanced technologies to improve compliance
GSTR-9C: Late Fee Waived off Till March 2025
GSTR-9C is a reconciliation between GST turnover with the Audited Financial Statement. Latest Update As per Notification No. 08/2025 taxpayers
Invoice Management System: Key Scenarios for GSTR-2B Generation
Invoice Management System (IMS) is a new functionality developed on the GST portal which allows taxpayers to manage their invoices
Reporting of HSN Codes in GSTR-1: New Rules for 2025
Starting with the February 2025 return period, Table 12 of GSTR-1 and 1A has been updated to Phase-III HSN reporting
ITR-U: A Second Chance to Fix Your Income Tax Return
ITR-U or Updated Income Tax Return is a provision that enables taxpayers in India to rectify errors or omissions in
GSTR-1A Filing Timeline: Important Deadlines for Taxpayers
GSTR-1A is a return that allows taxpayer to modify the details of outward supplies furnished in GSTR 1 or can