GSTR-9 for FY 2023-24: New Offline Tool Launched with Updated ITC Reconciliation
After a long wait, taxpayers can now breathe a sigh of relief as the new GSTR-9 Offline Tool for filing …
New IMS System of GST is Live on GST portal to take actions on invoices – Accept, Reject and Pending
Attention – Advisory on Invoice Management System (IMS) Date: October 14th, 2024 The Invoice Management System (IMS) has been made …
Income Tax audit deadline extended to Nov 10: Know who benefits from step
The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax audit reports for trusts, institutions, …
Advisory for Taxpayers: New TDS & GST Provisions for Metal Scrap Transactions and do this on GST Portal now
Date: October 13th, 2024 The government, through Notification No. 25/2024-Central Tax, issued on October 9, 2024, has introduced an important …
Circular No. 235/29/2024-GST: CBIC Clarifies GST Applicability for Key Goods Based on GST Council’s 54th Meeting Recommendations
The Central Board of Indirect Taxes and Customs (CBIC), through Circular No. 235/29/2024-GST dated October 11, 2024, issued vital clarifications …
CBIC Circular No. 234/28/2024-GST, Clarifications on GST Applicability for Various Services
The CBIC issued Circular No. 234/28/2024-GST dated October 11, 2024, which provides essential clarifications regarding the applicability of GST on …
CBIC Issues Clarification on GST Regularization for Past Periods: No Refund for Higher Rate Payments
The CBIC has issued Circular No. 236/30/2024-GST, dated October 11, 2024, providing essential clarifications regarding the scope of the term …
GST Exemption of ENA for Alcoholic Beverages Industry
The taxability of Extra Neutral Alcohol (ENA), a vital raw material in the alcoholic beverages industry, has long been a …
GST Portal Update: Amendment to Rule 61(5) – Adjustment of Negative Liability in GSTR-3B
Breaking News: The GST Portal has announced the implementation of an important amendment to Rule 61(5), which allows for the …
TDS under GST: Updated with New Provisions for Metal Scrap and GSTR-7
Tax Deducted at Source (TDS) under the Goods and Services Tax (GST) is a crucial mechanism for timely tax collection …
