"Chartered Accountant in Practice "
Discover how a recent West Bengal AAR ruling expands input tax credit (ITC) claims for businesses using book adjustments, providing clarity on GST compliance and cash flow management.
Explore the implications of GST new tables 14 & 15 in GSTR-1 for E-commerce operators and suppliers. Understand tax collection, filing requirements, and key changes.
Urgent notice for CGST taxpayers: Furnish bank details within 30 days to prevent GSTIN suspension. Act now to avoid business disruptions. Learn more.
Explore the implications of Income Tax Act Section 43B(h) for businesses, focusing on timely payments to MSMEs. FAQs provide clarity on covered expenses and compliance
Amidst this dynamic tax framework, GSTR-9 and GSTR-9C play crucial roles in ensuring compliance and transparency. Understanding these forms is essential for businesses operating under the GST system.
When it comes to GST, JDAs can be complex due to the different roles and responsibilities of the parties involved. One of the key aspects to consider is the availability of Input Tax Credit (ITC) for GST paid on inputs and input services.
Learn how to effectively respond to a Notice u/s 139(9) for a defective income tax return in India. Understand the reasons, corrective actions, and steps to maintain accurate tax compliance.
Ensure timely GST compliance by opting for the Composition scheme for the financial year 2023-24 before March 31, 2023. Conduct thorough GST reconciliation for sales and ITC claims, including checks on GSTR-1, GSTR-3B, and GSTR-2B. Address any discrepancies, reconcile invoices, and ensure correct categorization. Additionally, consider the option for GTA to pay GST under the forward charge and submit the necessary form by March 15, 2023. Stay updated and compliant with GST regulations.
Learn how to submit response for income tax refund confirmation and resolve any mismatches in your income tax return and 26AS / AIS.
