GST rates to be cut on 20 litre water bottles and bicycles to 5%, raised for luxury shoes, watches, and beauty products
The Group of Ministers (GoM) for GST rate rationalisation has decided to lower the tax rates on 20-litre packaged drinking …
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New relief for income taxpayers: CBDT allows other person to claim TCS credit for tax paid on expenses like foreign travel, study abroad – ETCFO
The income tax laws have been revised by the Central Board of Direct Taxes (CBDT) to allow a different person …
Savings account interest rates: Check what SBI, HDFC, ICICI, PNB, Union Bank, and IDFC FIRST offers, maximum is 7.25%
With Kotak Mahindra Bank reducing interest rates by 50 basis points on savings accounts with lesser than ₹5 lakh, te …
Invoice Management System (IMS) Now Live: Additional FAQs for Seamless ITC Claims by GST Portal
Date: October 17, 2024 Dear Taxpayers, The Invoice Management System (IMS) is now live and available to assist you in …
CBDT Simplifies TDS/TCS Credit Claims for Salaried Employees and Minors: Notification No. 114/2024
Date: October 16, 2024 In a move aimed at simplifying the process of claiming credit for Tax Collected at Source …
All GST Return system Changed : Big Update in GSTR-3B filing, Hard-Locking Begins in January 2025
Advisory on Hard-Locking of Auto-Populated Values in GSTR-3B Date: October 17, 2024 Subject: Upcoming Restriction on Modifying Auto-Populated Values in …
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 …
DA hiked by 3% for all central government employees ahead of Diwali celebrations
The centre has hiked the dearness allowance (DA) for all central government employees by 3% The Dearness Allowance (DA) for …
New ITR e-filing portal 3.0 to be launched soon
The e-filing ITR portal for income tax is about to undergo a revamp with ‘substantial’ changes that are more friendly …
Clarification on Section 128A of the CGST Act: Waiver of Interest and Penalty for FY 2017-2020
The Central Board of Indirect Taxes and Customs (CBIC), through Circular No. 238/2024-GST dated 15th October 2024, provided crucial clarifications …
