Lower GST rates and tax reforms boosted consumption and manufacturing, driving India’s GDP growth to 8.2% despite global economic pressures.
Explains why the CA profession feels crowded and clarifies that the issue lies in role concentration, not overall oversupply.
This explains how the proposed law simplifies tax concepts, retains core income heads, and aims to reduce disputes through clarity and certainty.
Learn why refund claims are being paused under a risk-based system and how timely reconciliation or revision can ensure smooth processing.
The High Court ruled that Section 74’s extended limitation cannot apply unless wilful suppression with intent to evade tax is proved, quashing the notice where facts were already known to the Revenue.
This guide explains that disclosure under Schedule FA is mandatory, even for zero-income foreign accounts or unsold RSUs. Following calendar-year reporting and proper documentation helps avoid penalties up to ₹10 lakh.
This explains how most notices arise from differences between ITR data and information available with the tax department through AIS and SFT.
Highlights the demand for faster revocation of suspended GST registrations and the need to protect honest taxpayers from prolonged business disruption.
The Commission found prima facie human rights violations where students face dangerous daily travel due to lack of roads and transport. Authorities have been directed to inquire and report urgent remedial action within two weeks.
Mismatched purchase data between financial records and GSTR-2A/2B reports often delays stock loss claims. A formal reconciliation process is key to faster settlement.
