Step-by-Step Guide to Using the New Invoice Management System (IMS) on the GST Portal
On November 12, 2024, the GST Network (GSTN) issued an advisory regarding the initial implementation phase of the Invoice Management …
tax
Section 128A Amnesty Scheme: Steps to Claim Relief on Past Tax Demands
The GST Council, during its 53rd meeting on June 22, 2024, approved a waiver scheme to alleviate tax disputes and …
New GST Form DRC-03A Introduced to Resolve Demand Payment Issues
The GST Network (GSTN) has issued an advisory to address discrepancies related to the payment of demanded amounts using Form …
Updated Guidelines for Conduct of Personal Hearings Under GST, Customs, and Excise Laws
On November 5, 2024, the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs (CBIC), issued …
Major Update: 30-Day E-Invoice Reporting Rule Expanded to Cover AATO 10 Crores from April 2025
The Goods and Services Tax Network (GSTN) has issued an important advisory on November 5th, 2024, regarding the reporting of …
CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
In order to provide more clarity on the second edition of the Direct Tax Vivad se Viswas scheme 2024 (VSV …
Home loan interest advantage in new tax regime: Reduce your tax by claiming loss but only on this type of house property
If you have an ongoing home loan and are looking to reduce your net tax outgo, it is advisable to …
GST returns to become time-barred after 3 years from early 2025
GST Network on Tuesday said beginning early next year, GST taxpayers will not be able to file monthly and annual …
New Circular of CBDT allows tax officers to waive interest due from assessee
New Delhi, The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer, …
7 major changes from Nov 1: GST, Money transfer, credit cards, FDs, LPG prices
A number of financial changes will take place from tomorrow onwards (November 1, 2024) such as RBI’s new rule for …
