Understand GST compliance for FY 2024-25: how to make corrections in sales/ITC, RCM, credit notes, and e-invoicing. Learn key deadlines and ITC reversal rules.
Understand recent GSTR-1 amendments, including revised invoice value thresholds for unregistered persons, updated reporting for e-commerce, and enhanced HSN summary requirements with new validations.
MCA Notifies Mandatory Filing of Form ADT-1 for First Auditor Appointment Effective 14 July 2025 The Ministry of Corporate Affairs (MCA) has notified a significant amendment under the Companies (Audit and Auditors) Rules, 2014, impacting the compliance requirements for the appointment of the first auditor by companies. This update introduces the mandatory filing of Form […]
RBI’s LSF framework offers a cost-effective, simplified, and time-bound route for resolving procedural lapses under the OI regime. With the sunset date of August 22, 2025, drawing closer, stakeholders must act swiftly to assess their compliance status and avail of the LSF facility where eligible.
Understand the Goods and Services Tax Appellate Tribunal (GSTAT) limitation framework for filing appeals and cross-objections, including current suspension of timelines and rules for delay condonation.
New Rule 164 outlines the procedure for closing GST proceedings under Section 128A, effective November 1, 2024, detailing application, payment, and officer approval steps.
Learn how taxpayers can defer income tax penalty proceedings when quantum additions are under appeal. Understand legal grounds and precedents for abeyance to avoid premature penalties.
Revalidated registration under section 12A and/or 80G is valid for a period of five years, after which it needs to be revalidated again. Re-application after five years has to be made at least six months before expiry of validity period of registration.
Understand India’s Corporate Social Responsibility (CSR) mandate, including applicability thresholds, excluded activities, net profit calculation, and obligation determination under Section 135.
Explore the advantages of Private Limited Companies for startups in India, including limited liability, funding access, and tax benefits, along with key registration considerations.
