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Activities to be undertaken for GST Compliances of FY 2023-24 in March 2024

March 15, 2024 8622 Views 0 comment Print

Discover crucial GST compliance tasks for wrapping up the financial year 2023-24 smoothly. From ITC reconciliation to e-invoicing updates, ensure your business meets all obligations.

Updated TDS Rate Chart for FY 2024-2025 (AY 2025-2026)

March 15, 2024 30687 Views 0 comment Print

Explore the updated TDS Rate Chart for FY 2024-2025 (AY 2025-2026) and understand its implications. Learn about TDS working, applicability, rates, compliance, and filing requirements.

GST: Audit Objections Demanding Penalty in Non-Suppression/Non-Fraud Cases

March 15, 2024 5640 Views 0 comment Print

Understand audit objections demanding penalties in non-suppression/non-fraud cases. Learn about relevant sections, court rulings, and implications for taxpayers.

Payments to Micro, Small & Medium Enterprises: Section 43B(h) impact & FAQs

March 15, 2024 9399 Views 0 comment Print

Explore impact of Section 43B(h) on Micro, Small, and Medium Enterprises payments under Finance Act 2023. Get insights, guidelines, and FAQs for compliance.

ITC cannot be denied in case of bonafide errors in filing GST returns where no loss of revenue occurs

March 15, 2024 8559 Views 0 comment Print

Learn how Bombay High Court ruling in NRB Bearings Ltd. v. Commissioner of State Tax safeguards businesses’ rights to rectify GST returns for bonafide errors without revenue loss

GST Registration not to be cancelled based on vague SCN issued by Revenue Department

March 15, 2024 900 Views 0 comment Print

Discover how Delhi High Court overturned a GST registration cancellation, citing lack of specifics in the show cause notice. Learn the implications for businesses.

Key Year end GST Activities

March 15, 2024 15066 Views 0 comment Print

Ensure a smooth transition to the new financial year by completing crucial GST tasks. Learn about reconciliations, ITC, RCM, refunds, and more in this detailed guide.

Format of Draft Rectification Application under section 161 of GST Act

March 15, 2024 70695 Views 1 comment Print

Submit a flawless Draft Rectification Application under section 161 of GST Act with our template. Rectify errors efficiently and reduce tax liabilities.

GST action points before end of FY 2023-24

March 14, 2024 17880 Views 0 comment Print

The last 6+ years have seen more than 1000 notifications, circulars, and instructions for taxpayers and adjudicating authorities, thus opening up the GST law to interpretation by taxpayers and authorities alike. This interpretation has given rise to the ever-increasing case laws across various judiciaries and writ petitions being filed before various High Courts of India […]

Advance tax e-campaign based on significant transactions

March 14, 2024 2826 Views 0 comment Print

Explore an e-campaign by the Income Tax Department on significant transactions and advance tax payments. Learn about advance tax, payment methods, and late payment interest.

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