Articles by Ajay Kumar Maggidi

CBIC introduces simplified refund system to improve ease of doing business

Posted by Ajay Kumar Maggidi 06 October 2025 243 Views

CBIC, through Instruction No. 06/2025 dated October 3, 2025, has introduced a risk-based provisional refund system under GST to speed up refunds and improve cash flow for taxpayers.

Analysis of Companies (Incorporation) Third Amendment Rules, 2022

Posted by Ajay Kumar Maggidi 22 August 2022 3946 Views

The Regulators are becoming more stringent day by day to bring the transparency and accountability in the system.

SEZ (Third Amendment) Rules 2022

Posted by Ajay Kumar Maggidi 21 July 2022 4358 Views

Central government is actively working on "New SEZ Policy" which is expected to be introduced by end of this year to make SEZ units more attractive and to boost the domestic and foreign trade.

FCM on GTA Services

Posted by Ajay Kumar Maggidi 18 July 2022 8869 Views

Starting W.E.F today, i.e. 18-07-2022, GTA dealers may choose option to discharge the tax under forward charge. Let us have a look at what are the changes and how does it impacts.

How to report ITC in Form GSTR 3B as per latest circular

Posted by Ajay Kumar Maggidi 11 July 2022 6128 Views

In order to bring uniformity in reporting of ineligible and reversal of credits, CBIC has issued a circular (No. 170/02/2022- GST) regarding furnishing of information regarding ITC availed, reversal and ineligible ITC in Table 4 of GSTR-3B.

CBIC issued new guidelines for GST refunds

Posted by Ajay Kumar Maggidi 20 June 2022 15059 Views

Recently CBIC has issued detailed guidelines for sanctioning, post-audit and review of refund claims.

Updated Return - Opportunity to file tax return even after prescribed time limit

Posted by Ajay Kumar Maggidi 16 May 2022 11191 Views

With the Introduction of "Updated Return", tax department aimed to reduce the potential litigations that arise due to non filing of ITR or inaccurate ITR's. And, Helps the taxpayers to rectify the discrepancies in filed tax returns.

Section 90: Register of Significant Beneficial Owners in a Company

Posted by Ajay Kumar Maggidi 26 April 2022 7954 Views

Every Significant beneficial owner (SBO'er) shall declare the nature of his interest and other particulars to the company, which will in turn maintain the registers and inform the same to the ROC.

Explained: All you need to know about AIS & TIS

Posted by Ajay Kumar Maggidi 16 November 2021 35071 Views

The Income Tax Department has rolled out the new AIS & TIS, tax payers can now access the same at e-filing portal.

Code on Wages, 2019 - Impact Analysis on Salary Structure, Take Home salary and Retirement Benefits

Posted by Ajay Kumar Maggidi 27 September 2021 3320 Views

There is lot of buzz in the industry on effective date for implementation of new labor laws and their impact on existing Payroll policies, procedures and system...