In this article, we provide a brief overview on certain tax-saving checklist for taxpayers in India to ensure that taxpayers take adequate steps to review their tax status and any opportunity for tax planning.
Proposals to ease GST Reverse Charge Mechanism and TCS compliance. Updates to RCM services and TCS changes on advances can simplify tax compliance and improve efficiency.
Explore the legal debate over Rule 86A of the CGST Rules on ITC blocking. Conflicting judgments from Delhi and Madras High Courts create confusion for taxpayers.
Explore the potential effects of the proposed wage ceiling increase under the EPF Act on employers, employees, and provident fund contributions.
The 55th GST Council Meeting introduced changes in GST rates, compliance mechanisms, and exemptions for businesses, including new definitions and tax amendments.
Rajasthan HC fines petitioners filing repeated petitions, calling it an abuse of the process, and directs adherence to prior court rulings.
SEBI’s amendments to Listing Regulations impact the role of company secretaries, focusing on secretarial audit, compliance officer elevation, and governance enhancements.
The Supreme Court ruled economic offences causing public loss cannot be quashed via settlements, emphasizing their societal impact and need for strict legal enforcement.
Explore the RBI’s 2023-24 report on Indian banking. Key trends include asset quality improvements, profitability growth, and robust capital adequacy across financial sectors.
Understand key differences, applicability, due dates, and penalties for GSTR-9 and GSTR-9C under GST compliance. A concise guide for businesses.
