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
GSTR-3B Due Date: State-Wise Extended Deadlines for Dec 2024
GSTR-3B due date for the month of December 2024 have been extended as the GST portal has experienced scheduled downtime
GSTR-1 Due Date Extended For December 2024 Return
GSTR-1 due date for December 2024 is approaching but the GST portal has experienced scheduled downtime starting from 12:00 AM
GST Refund Process for Exporters in India
GST refund process for exporters in India ensures that businesses exporting goods or services are not burdened with the taxes
Section 16(4) of CGST Act: ITC Demand Order Rectification Now Enabled
General Rule for ITC Every registered persons can claim ITC on goods or services used for business purposes which are
Pre-Deposit for Penalty under GST Reduced: Amendments in CGST Act
The Central Goods and Services Tax (CGST) Act has been amended to reduce the pre-deposit requirements for penalty disputes. Here’s
GSTR-9 Late Fees: Cost of Delay in Filing
GSTR-9 late fees is levied when a taxpayer delayed in filing return beyond the due date. It is charged per
Tax Invoice for Online Services: Recording Recipient’s State-Made Mandatory
According to the recommendations from the 55th meeting of the GST Council, it is mandatory to issue tax invoices for
Belated Return: Due Date Extended To 15th January 2025
Belated Return means the tax return which is filed after the original due date specified by the Income Tax Department.