Impact of GST Rate Rationalization on SMEs in 2025
In 2025, the rationalization of India’s Goods and Services Tax (GST) rates is poised to significantly impact Small and Medium […]
GST Refund Process for Exporters in India
GST refund process for exporters in India ensures that businesses exporting goods or services are not burdened with the taxes
Pre-Deposit for Penalty under GST Reduced: Amendments in CGST Act
The Central Goods and Services Tax (CGST) Act has been amended to reduce the pre-deposit requirements for penalty disputes. Here’s
GST Highlights: 2024 Year End Review
Here’s an expanded version of the 2024 Year-End Review of Major GST Highlights: GST Rate Revisions Sustainability Initiatives Luxury and
Gifts and Taxes: Key Updates on Voucher Taxability
Definition and Classification of Vouchers Voucher Taxability: Key Updates and GST Council Recommendations Clarification on Voucher Taxation The GST Council
GST on Vehicles: Higher Rates for Used Vehicles
The 55th GST Council Meeting, held on December 21, 2024, introduced significant changes to the Goods and Services Tax (GST)
GST E-Invoice: Mandatory To Be Uploaded Within 30 Days w.e.f. April 2025
GST E-Invoice is an electronic invoice which is generated through the Invoice Registration Portal (IRP) and contains a unique Invoice
Revised Income Tax Return: Correct Errors by 31st December 2024
Revised income tax return is a corrected version of your original tax return. Filing a Revised Income Tax Return (ITR)
GSTR 9 Turnover Limit For FY 2023-24
The turnover limit for filing GSTR-9 (Annual Return) under GST is as follows: Turnover Limit for GSTR-9 Mandatory Filing If
Section 80D: Tax Benefits on Health Insurance Premiums
Section 80D of the Income Tax Act in India provides deductions on premiums paid for health insurance policies, offering taxpayers
TDS on Rent: Overview of Section 194I, 194IB and 194IC
Introduction TDS on rent refers to the deduction of a certain percentage of tax by the tenant before making a
Income Tax Rules: Eligibility for Interest Waiver on Delayed Payments
Income Tax Rules are the guidelines which issued under the Income Tax Act, 1961. It cover areas like filing returns,