Income Tax Penalties and Appeals: Understanding the Legal Process
Introduction Taxpayers are required to comply with tax laws and regulations, but mistakes, delays, or omissions can lead to penalties. […]
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
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
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
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
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
Impact of Digital Payments on Income Tax Scrutiny
Digitalization is revolutionising the operations of tax administrations by significantly enhancing their capacity to gather, process, and oversee tax-related information.
Share Market Taxation: ITR Forms for Investors & Traders
Share market taxation refers to the taxes which imposed on the buying and selling of shares. The participants in the
E-Invoicing under GST: Trends to Watch in 2025
E-invoicing under GST, also known as electronic invoicing, is a digital system that simplifies the invoicing process for businesses operating