Input Tax Credit: Claiming ITC in GSTR-9 for Cross-Year Invoices
Input Tax Credit allows taxpayers to claim credit for the GST paid on purchases (inward supplies) against their GST liability […]
Income Tax Return Forms: Filing Deadlines by December 2024
There are various Forms which are used to report TDS, TCS, or other tax-related transactions. To avoid penalties, businesses, companies,
GSTR-9: Applicability and Turnover Limit For FY 2023-24
GSTR-9 is an annual return which has to be file by regular taxpayers to maintain accurate records of GST transactions.
Section 92E of the IT Act: Due Date Extended to 15th December 2024
Section 92E applies to international and specified domestic transactions between Associated Enterprises (AEs), with at least one party being a
PAN 2.0: Card Gets a Tech Upgrade with QR Code
PAN 2.0 is an e-Governance project approved by the Indian government to modernize PAN/TAN services which will upgrade the current
Income Tax Refund Claim Window Reduction
Income Tax Refund Claim Window Reduction means taxpayers now have 5 years instead of 6 years from the end of
Section 185 of Companies Act 2013: Restrictions on Director Loans
Section 185 of Companies Act 2013 prohibits companies from giving loans. According to Section 184(1) of the Act, a company
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
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
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