A new ledger namely Electronic Credit and Re-claimed Statement is being introduced on the GST portal. This statement will help the taxpayers in tracking of their ITC that has been reversed in Table 4B(2) and thereafter re-claimed in Table 4D(1) and 4A(5) for each return period, starting from August return period.
On August 28, 2023, the Income Tax Department unveiled the most recent set of Frequently Asked Questions (FAQs) pertaining to Form 27C. As taxpayers grapple with their income tax obligations, these FAQs offer clarity and direction on how to approach Form 27C. Income Tax Department also informed that Functionality for Revision of Form 27C is now […]
Discover the top six NRE account rules every NRI must know. Unlock the secrets of NRI banking in India with documents required for an NRE account and more.
CGST Navi Mumbai arrests key personnel from six firms, exposing a Rs 5.01 crore Input Tax Credit scam involving bogus invoices of about Rs. 30 crores
Explore new CBDT’s Income Tax website. Redesigned for mobile, featuring a Mega Menu, guided tours, and functionalities to compare Acts, Sections, and more.
CBI investigates a former Superintendent, Bond Section, JNCH Raigad & private firms over alleged conspiracies causing government revenue loss.
ICSI now offers online application for inspection or supply of certified answer books for the June 2023 CS Exams. Check details, fees, and guidelines
Taxation is an important aspect of any country’s economic structure, and India is no exception. India adopts a well-organized taxation structure, meticulously designed to cater to different income groups and business scales.
Ministry of Finance announces revised interest and repayment amounts for National Savings Recurring Deposit Scheme, 2023. Get the latest figures here.
Learn distinctions between securing a company name under Section 4 and changing a name under Sec 13 of Companies Act, 2013. Explore processes and legal requirements
