Introduction: In a significant move to combat revenue leakage within the tobacco industry, the Indian government has introduced a penalty of up to Rs 1 lakh for manufacturers of pan masala, Gutka, and similar products who fail to register their packing machinery with the GST authorities. Effective from April 1, 2024, this amendment aims to […]
Learn how to draft a letter objecting to a notice under Section 148 of the Income Tax Act, 1961. Understand the legal aspects, necessary documentation, and key considerations.
Explore the transformation from SPICe to SPICe+ form for company registration in India. Learn about its services, benefits, and key information for a hassle-free business setup
Explore amended Section 43B of Income Tax Act, 1961, focusing on payments to Micro or Small Enterprises. Learn criteria, time limits, and implications for traders. Stay informed!
Explore the impact of the Ministry of Corporate Affairs’ new Central Processing Centre on ROC forms. Effective from February 6, 2024, this shift promises standardized procedures and heightened compliance scrutiny.
Learn about the Calcutta High Court’s ruling in Goutam Bhowmik v. State of West Bengal, stating that an assessment order lacks validity without essential details in the Show Cause Notice. Get insights into the case and implications for taxpayers
Explore the Madras High Court ruling in Naga Ltd. v. Puducherry AAR, exempting GST on services related to agricultural produce. Understand the implications and why a third party writ petition was deemed maintainable
Explore the Madras High Court ruling in Eicher Motor Ltd. v. Superintendent GST, stating no interest on GST if deposited on time, even with belated GSTR-3B filings. Understand the implications for taxpayers.
Navigate the intricacies of Section 43B(h) of the Income Tax Act, 1961, alongside the MSME Act, 2006, and Companies Act, 2013. Uncover the impact on books, tax audits, and compliance.
Unravel the legal compliances for freelancers – from income tax to GST and TDS. A comprehensive guide to ensure compliance and avoid consequences in your freelancing career.
