GSTR-3B: Eligibility, Due Dates, Filing Process and Key Changes
GSTR-3B is a summary of supplies made during the month along with GST to be paid. It discloses summary of […]
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
Section 16(4) of CGST Act: ITC Demand Order Rectification Now Enabled
General Rule for ITC Every registered persons can claim ITC on goods or services used for business purposes which are
GSTR-9 Late Fees: Cost of Delay in Filing
GSTR-9 late fees is levied when a taxpayer delayed in filing return beyond the due date. It is charged per
Belated Return: Due Date Extended To 15th January 2025
Belated Return means the tax return which is filed after the original due date specified by the Income Tax Department.
GST Interest and Penalty Waiver: Tips To File SPL-02 Is Here
GST Interest and Penalty Waiver Scheme under Section 128A provides provide a big relief to the taxpayers for reducing the
Unique Identification Marking under GST to Track and Trace Mechanism
The government will going to insert a Track and Trace Mechanism to monitor the complete supply chain of goods. The
GST on Sponsorship Services: FCM for Corporate Sponsorships
Sponsorship services means when a companies or individuals supports another group or individual to help in exchange for getting advertised
LIC Unclaimed Amount: Steps to Get Your Money Back
Sometimes, a policyholder buys an LIC policy but for some reasons the benefits remain unpaid due to non-payment of premiums,
One Nation One Election: What’s in the Bill?
One Nation One Election means structuring the Indian election cycle in a manner such that elections to Lok Sabha and
194S TDS: Tax on Cryptocurrency and Digital Assets
194S TDS is applicable on the payment for the transfer of Virtual Digital Assets (which include cryptocurrencies and non-fungible tokens).