Updated RCM List: Services Covered Under RCM (Effective from January 2025)
The Reverse Charge Mechanism (RCM) under GST requires the recipient of specified services to pay tax instead of the supplier. …
updates
Updated TDS Rate Chart For AY 2025-26 (FY 2024-25) issued by CBDT
The Central Board of Direct Taxes (CBDT) has issued an updated TDS rate chart for the Assessment Year 2025-26, bringing …
New change in GST RCM on Rent, Notification No.07/2025 CT(R)
Date: January 16, 2025Issued By: Ministry of Finance, Department of RevenueEffective Date: Immediate The Central Board of Indirect Taxes and …
These cash transactions may attract up to 100% penalty by Income Tax Department
The Income Tax Department while acknowledging Indian society’s affinity with cash transactions warned that the Income Tax Act, 1961 discourages …
Credit Note Under GST: Changes Announced in the 55th GST Council Meeting
A credit note is a crucial document under GST that allows suppliers to rectify specific discrepancies in the original tax …
PAN 2.0: A Digital Leap in Taxpayer Services
The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses …
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 …
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 …
New Form MSME-1, When to file and who is to file
This article explains everything you need to know about Form MSME-1, a mandatory filing for companies that owe outstanding payments …
Form GSTR-1A notified | New Return of GST | Know Everything about GSTR-1A
GSTR-1A will soon be available on the GST portal, allowing taxpayers to make changes, corrections, and amendments to the data …
