Articles by CA Shruti Singhal

55th GST Council Meeting: Key ITC Changes Impacting Automobile Sector & Construction Industry

CA Shruti Singhal 04 January 2025 at 09:31

The GST Council met for the 55th time under the Chairmanship of Honourable FM Nirmala Sitharaman. Some key changes were recommended regarding availability of ITC and date of availability of ITC.

Relief provided by 55th GST Council Meeting to Small Taxpayers

CA Shruti Singhal 03 January 2025 at 09:26

The 55th GST Council meeting, held on December 21, 2024, resulted in a series of key decisions aimed at refining India's Goods and Services Tax (GST) framework. All the recommendations affecting small taxpayers have been discussed below.

6 Welcome Amendments Recommended in Return Filing Process by 53rd GST Council Meeting

CA Shruti Singhal 26 June 2024 at 08:37

The council has recommended some measures to increase reporting, reduce the burden of interest, and give taxpayers the option to rectify the GSTR-1 to narrow the gap between GSTR-1 and GSTR-3B in genuine cases. Let us now read these changes in detail!

Liberal GST Relaxations recommended in Sec 16(4) and Appeal in the 53rd GST Council Meeting

CA Shruti Singhal 24 June 2024 at 15:23

The 1st GST Council meeting under the 3rd term of Shri Narendra Modi's NDA government was expected to bring relief to some painful aspects of GST law, and t..

GST Audits And Top 5 Practical Difficulties Faced By Taxpayers During Audit

CA Shruti Singhal 15 April 2024 at 08:44

GST audits are regularly undertaken by the department under Sec 65 of the CGST Act. These audits are conducted by the department either at their own premises or at the premises of the taxpayer.

Cash Transaction Limits under Income Tax Act

CA Shruti Singhal 06 April 2024 at 15:09

The tax audit season is about to begin. This article aims to refresh the existing limits of cash transactions. The Income Tax Act in India discourages cash transactions to promote transparency and curb tax evasion.

Top 3 changes in Income Tax brought about by Interim Budget 2024

CA Shruti Singhal 03 February 2024 at 08:50

In the interim budget 2024, our honourable FM Shmt. Nirmala Sitaraman highlighted some of the achievements of BJP government over a period of 10 years, emphasising on increase in direct tax collections

3 Important Changes in GST brought through Interim Budget 2024

CA Shruti Singhal 02 February 2024 at 16:10

The government had introduced a term "Amrit Kal" in Budget speech 2023 and called the next 25 years as “Amrit Kal” and had stated in its o

Sec 43B(h) of Income Tax Act

CA Shruti Singhal 30 January 2024 at 09:02

One of the major problems being faced by the MSMEs entities is not-getting their dues from their buyers on a timely basis.

Top 5 Govt. Clarifications and Notifications in taxpayer's interest made effective in Oct and Nov 2023

CA Shruti Singhal 06 November 2023 at 11:31

Top 5 government clarifications and Notifications in taxpayer’s interest made effective in Oct 2023 and Nov 2023