Updated RCM List: Services Covered Under RCM (Effective from January 2025)
The Reverse Charge Mechanism (RCM) under GST requires the recipient of specified services to pay tax instead of the supplier. …
Articles
New change in GST RCM on Rent, Notification No.07/2025 CT(R)
Date: January 16, 2025Issued By: Ministry of Finance, Department of RevenueEffective Date: Immediate The Central Board of Indirect Taxes and …
These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …
Credit Note Under GST: Changes Announced in the 55th GST Council Meeting
A credit note is a crucial document under GST that allows suppliers to rectify specific discrepancies in the original tax …
PAN 2.0: A Digital Leap in Taxpayer Services
The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses …
GSTR-9 form active on GST Portal for FY 2023-24 \ GSTR-9 Optional & Mandatory Tables for FY 2023-24
GSTR-9, GST annual Return form for FY 2023-24 is now available on GST portal for filing and its last date …
Defective ITR Notice 139(9) | How to Correct defective ITR
1. What is a Defective Return?A return may be treated as defective on account of incomplete or inconsistent information in …
New Form MSME-1, When to file and who is to file
This article explains everything you need to know about Form MSME-1, a mandatory filing for companies that owe outstanding payments …
Form GSTR-1A notified | New Return of GST | Know Everything about GSTR-1A
GSTR-1A will soon be available on the GST portal, allowing taxpayers to make changes, corrections, and amendments to the data …
Udyam Registration: Want to cancel your MSME license online? Here’s the updated process
Udyam portal was introduced by the government in July 2020 to replace the UAM registration system and ease the online …
