The new law replaces the 1961 Act without introducing new taxes or changing tax policy. It simplifies provisions, reduces complexity, and improves compliance efficiency.
The issue concerns GST compliance requirements for businesses. It highlights that maintaining proper records and filing returns on time is essential to avoid penalties and ensure smooth tax credit claims.
Breaks down the purpose and components of a CFS and highlights how it reveals a company’s real liquidity, not just accounting profits.
Learn about advance tax, eligibility, due dates, and payment process to avoid penalties under the Income Tax Act.
Learn about claiming refunds for excess amounts in your GST Electronic Cash Ledger. Understand the process, requirements, and steps to initiate your refund application online.
