New TDS Rules Under Section 194T: Impact on Taxpayers & Businesses – Effective from 1st April 2025 Introduction The Finance (No. 2) Bill, 2024, has introduced Section 194T in the Income Tax Act, which will be effective from April 1, 2025. This new provision mandates that Partnership Firms and LLPs must deduct Tax at Source […]
Learn about Input Service Distributor (ISD), its registration, credit distribution process, and compliance requirements under GST effective from April 1, 2025.
Explore the economic impact of AI, automation, and recession on India. Understand how income tax laws may evolve to address unemployment and fiscal challenges.
Starting from 1st April 2025, all GST-registered persons who have multiple GSTINs under the same PAN must register as an Input Service Distributor (ISD) for the distribution of Input Tax Credit (ITC). This amendment aims to streamline the ITC distribution process, ensure better compliance, and enable centralized credit management across different branches or locations of a business.
Understand the impact of GST ITC on immovable properties post the 55th GST Council Meeting, including changes to Section 17(5)(d) and its tax implications.
Introduction The Goods and Services Tax (GST) in India offers a simplified tax compliance option known as the Composition Scheme, designed for small taxpayers to ease their tax burden and compliance requirements. However, certain categories of businesses and manufacturers are restricted from opting for this scheme. A crucial aspect of this restriction applies to manufacturers […]
1 अप्रैल 2025 से GST नियमों में बदलाव होंगे, जिसमें मल्टी-फैक्टर ऑथेंटिकेशन, ई-वे बिल अपडेट और होटल व कार बिक्री पर कर परिवर्तन शामिल हैं।
The J&K&L HC quashed Nazir Ahmad Ronga’s detention under the Public Safety Act, citing vague allegations and lack of evidence, safeguarding his constitutional rights.
AP High Court invalidates unsigned GST orders without DIN, citing CBIC guidelines. Learn key legal takeaways and compliance requirements for valid GST assessments.
Understand SEBI Informal Guidance Scheme 2003, its application process, eligibility, response time, confidentiality, and key exclusions for compliance queries.
