Explained: Tax implications under Section 43B (h) on MSME payments
The clause (h), which will come into effect on April 1, 2024 with 2024-25 as the assessment year (that is …
GST 2024
GST collection in FY 23 set to cross ₹20 lakh-crore
Goods and Services Tax (GST) collection in the current financial year ending March 31 is expected to surpass the ₹20 lakh …
Is your business ready to make E invoice from 1 April ?- Check GST E-Invoice Rules for your Business
As per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars …
Income Tax slab Rates for Non Resident (NRI) – AY 2024-25 (FY 2023-24) & AY 2025-26 (FY 2024-25)
Non Resident Non-Resident Individual is an individual who is not a resident of India for tax purposes. In order to …
GST Appeal Deadline: Calcutta High Court’s Verdict in Arvind Gupta Case
Case Reference:Writ Petition Application No. 2904 of 2023 dated January 04, 2024Court:Hon’ble Calcutta High CourtHighlights:In the case of Arvind Gupta …
18% GST will be charged on sending ‘Good Morning’ message, news turns out to be satire
A news is going viral on Facebook that 18% GST will be charged on sending ‘Good Morning’ message. When India …
GST Collection Expected to rise in the First Quarter of FY 2024-25 Amid General Elections”
General elections are set to boost collection from Goods & Services Tax (GST) during first three months – April to June …
Do before 31 March: Year-End Financial Checklist: Income Tax, GST & Compliance
As the financial year comes to a close, it’s crucial for individuals and businesses to ensure that they have completed …
Exploring the Significance of Section 16(4) of CGST Act: An Analysis through Legal Challenges and Judicial Precedents
The Section 16(4) of the Central Goods and Services Tax (CGST) Act delineates a specific time frame within which registered …
All Banks to remain open for public on March 31, 2024 (Sunday), No long weekend for Income Tax department, all offices open from March 29-31
All Agency Banks to remain open for public on March 31, 2024 (Sunday) As Per RBI Circular below No long …
