Highlights from the 54th GST Council Meeting: Key Decisions and Implications
The 54th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, brought forward significant decisions and updates …
tax updates
No GST on fines, penalties, late fees collected by RBI, says Maha AAR
Reserve Bank of India will not have to pay Goods & Services Tax (GST) on fines, penalty collected from its …
Feature of New UPS (Unified Pension Scheme)
We are proud of the hard work of all government employees who contribute significantly to national progress. The Unified Pension …
From 1 September 2024 your GSTR-1 will be blocked if you not do this
Furnishing Bank Account Details Before Filing GSTR-1/IFF Refer Notification No. 38/2023 – Central TaxNew Delhi, the 4th August, 2023Aug 23rd, …
New Ledger of GST Portal: RCM Liability/ITC Statement
To assist taxpayers in accurately reporting Reverse Charge Mechanism (RCM) transactions, a new statement called the “RCM Liability/ITC Statement” has …
Finance Act (No.2) 2024 Notified | Download Finance Act (No.2) 2024
The Government has notified The Finance Act (No.2), 2024 on 16th August, 2024, to give effect to the financial proposals …
Did you get Your ITR Intimation u/s 143(1) after ITR filing, know what to do with this
Intimation under Section 143(1) is a formal communication from the Income Tax Department to taxpayers. It is issued after the …
Director DIR-3 KYC: New Change from 1st August 2024
The Ministry of Corporate Affairs (MCA) requires all directors in India to maintain a Director Identification Number (DIN). Previously, obtaining …
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 …
RBI allows two users to share one bank account for UPI payments
RBI has introduced a Delegated Payments facility for UPI. This allows the primary user to authorise another individual to make …
