Tax Guide

Simplified GST Filing: GSTR-1A & IMS to Improve GSTR-3B Filing

Ayushi Dixit / October 17, 2024

Simplified GST filing because the GSTN has introduced a pre-filled GSTR-3B form to make GST filling easier and help taxpayers […]

Ram Sharma / October 17, 2024

Section 194P was introduced in Budget 2021 to provide conditional relief to senior citizen above the age of 75 years

GST ITC for construction of buildings, now it can be claim by businesses treating buildings as “plant,” under the CGST

ITC under GST allows registered businesses to offset the taxes paid on their purchases against their tax liabilities. ITC helps

Future of GST compensation cess depends on the GST Council’s decision as the main purpose of the cess is to

Sahil Jaiswal / September 30, 2024

GoM proposes to lower GST rates on over 100 items in India. This move is aimed at reducing the tax

Ram Sharma / September 29, 2024

GST returns which are filed are soon going to be removed from the GST portal. Taxpayers won’t be able to

Ayushi Dixit / September 26, 2024

e-DRS is managed by the Central Board of Direct Taxes and aims to reduce litigation and provide relief to eligible

Ram Sharma / September 26, 2024

Section 122A was introduced by the Finance Act, 2024 and will come into effect from 1st October 2024. Purpose Section

Direct Tax Vivad Se Vishwas Scheme making it more beneficial for those who join the scheme late as it offers

Ram Sharma / September 23, 2024

Securities Transaction Tax (STT) was introduced in the year 2004 Union Budget and came into effect from 1st Oct 2004.

Section 40A(2)(b) of the Income Tax Act means that if a taxpayer makes a payment to a related party, they