GSTR-2B Duplicate Issue : What to Do with Duplicate ITC?
GSTR-2B duplicate issue means the same input tax credit (ITC) is reflected more than once which may be due to […]
Gold Possession Limits Under Income Tax Rules
Gold is purchased for a variety of reason such as for auspicious occasions or for daughter/son’s marriage in future. It
GST On Food Delivery Charges: Authorities Question Swiggy And Zomato
GST on Food Delivery Charges means the tax levied on meals ordered through food delivery platforms like Swiggy, Zomato, etc.
CRS and FATCA: Enhancing Tax Transparency on Foreign Assets & Income
CRS and FATCA are global frameworks to curb tax evasion by promoting financial transparency and information sharing among countries. Purpose
GSTR-2B: Why GSTR-2B for October 2024 is Missing?
GSTR-2B is a statement which has been generated on the basis of the information furnished by your suppliers or by
RCM on Commercial Rent: Key Rules and Applicability
RCM on Commercial Rent refers to the Reverse Charge Mechanism, where the recipient tenant is liable to pay GST on
TCS on Sale of Scrap under 206C
TCS on the sale of scrap means that the seller collects tax from the buyer at the time of sale.
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,
Self Invoicing under RCM: Time Limit and Invoice Format
Self Invoicing under RCM must be issue by the recipient of goods or services on behalf of the supplier as
Gold Taxation Update: How Capital Gains Are Now Calculated?
Capital gains tax is applied on the sale of physical gold, gold mutual funds, gold ETFs, and sovereign gold bonds.
Form GST DRC-03A: Filing Process
Form GST DRC-03A is newly introduced on GST portal to link payments made via Form DRC-03 to link the payment
Tax Demand Notices u/s 156: What Taxpayers Need to Know?
According to Section 156 of the Income Tax Act, 1961, the Income Tax Department will issue a Tax Demand Notice