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 …
income tax
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 …
How to Rectify Wrongly Availed ITC: Step-by-Step Guide from Circular 237/2024
The Circular No. 237/31/2024-GST, dated October 15, 2024, clarifies the provisions related to the implementation of sub-sections (5) and (6) …
GST on Metal Scrap: New Provisions Effective from 10th October 2024
The GST Council has introduced new provisions regarding the treatment of metal scrap under the Goods and Services Tax (GST), …
CBDT Issues FAQs on Direct Tax Vivad Se Vishwas Scheme, 2024 to Provide Clarity
The Central Board of Direct Taxes (CBDT) has issued a Guidance Note in the form of Frequently Asked Questions (FAQs) …
CBDT Simplifies Registration Process for Charitable Organizations: Key Changes in Forms 10A and 10AB
The Central Board of Direct Taxes (CBDT), vide Notification No. 111/2024 dated October 15, 2024, has introduced the Income-tax Amendment …
Income-Tax Forms Updated for Salaried Persons: Key Changes in TDS and TCS Reporting
On October 15, 2024, the Central Board of Direct Taxes (CBDT) issued Notification No. 112/2024, introducing the Income-tax (Eighth Amendment) …
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 …
