Where a registered person fails to furnish monthly or quarterly returns under Section 39 or the final return under Section 45, a notice in Form GSTR-3A shall be issued by the proper officer requiring him to furnish such returns within 15 days under Section 46.
In a much-anticipated budget presentation, Finance Minister Nirmala Sitharaman outlined the fiscal blueprint for the upcoming financial year 2024-25.
The Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament today announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP.
Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier.
Small and Medium-sized Enterprises (SMEs) play a pivotal role in driving economic development and job creation globally. As these businesses navigate the competitive landscape, ensuring robust internal controls and effective risk management becomes paramount.
Pension Scheme – Future of retired Employees The old pension scheme, introduced in the 1950s, was exclusive for government workers. It guarantees a pens
Before understanding the tax treatment of premium received by closely held company on issue of shares under section 56(2)(viib) of Income Tax Act, 1967 lets discuss the problem before introduction of this section with the help of example.
In this article, we can discover the reasons for receiving those notices, the capability results, and the steps people can take to deal with the scenario.
This article aims to provide a comprehensive understanding of Section 194F and its implications for taxpayers.
One of the major problems being faced by the MSMEs entities is not-getting their dues from their buyers on a timely basis.
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