Discover the key recommendations from the 53rd GST Council Meeting, including interest exemptions, extended ITC limits, and new GST rates to streamline compliance and provide taxpayer relief.
CBDT Circular No. 6/2024 extends relief to taxpayers from tax demands arising from inoperative PANs. Learn about the conditions and the extended date till 31.05.2024 for linking PAN with Aadhaar to avoid higher tax rates.
India’s new MSME criteria effective July 1, 2020, redefine business scales for growth, integrating investment and turnover for a streamlined classification.
Know order of ITC utilization under latest GST rules with a detailed analysis. Learn to optimize tax liabilities and stay GST compliant.
Explore implications of GSTR-1 changes with newly introduced Tables 14 and 15. Learn how it affects e-commerce supplies, Section 9(5), and GSTR-3B reporting.
Navigate the complexities of GSTR-9C filing in India for FY 2022-23. Learn about due dates, applicable tables, and step-by-step instructions to ensure accurate GST reporting.
Demystify GSTR-9 filing for FY 2022-23 with this comprehensive guide. Learn due dates, tables, and step-by-step instructions for a hassle-free GST annual return submission.
Learn about TDS on the purchase of immovable property in India under Section 194IA & Form 26QB. Understand the applicable rates, thresholds, and steps for filing.
Section 87A rebate increased from the current Rs. 5 Lakhs to Rs. 7 Lakhs in the New tax regime. Currently, those with income up to 5 lakhs do not pay any income tax in both old and new tax regimes. The budget proposes to increase the rebate limit to 7 lakhs in the new tax regime. Thus, persons in the new tax regime, with income up to 7 lakhs will not have to pay any tax.