Explore Rule 39 of the CGST Act, detailing ITC distribution by Input Service Distributors, key amendments, pro-rata allocation, and compliance essentials.
On 29 March 2025, the President of India granted assent to the Finance Act 2025, marking a significant milestone in the country’s fiscal policy framework.
Ensure GST compliance before the financial year ends. Key tasks include registration updates, invoice checks, return reconciliations, and refund applications.
CBDT amends Income Tax Rules, effective April 1, 2025, revising Form 3CD, MSME interest provisions, buyback reporting, and loan/deposit classifications.
Ensure compliance with GST for March 2025. Includes reconciliations, ITC claims, LUT filing, e-invoicing requirements, and key deadlines for businesses.
Section 87A tax rebate on STCG led to disputes after ITD software changes. Bombay HC & CIT(A) rulings clarify eligibility. Learn about legal and tax implications.
Now, all three levels—CA Final, Intermediate and Foundation will have an equal number of attempts each year, providing students more opportunities to sit in the exam. These exams will be held in the month of January, May and September.
Supreme Court sets aside NCLT & NCLAT orders in Vaibhav Goel & Anr. Vs DCIT, ruling that income tax demands post-resolution plan approval are invalid.
Supreme Court dismisses CBIC’s plea, urging realistic GST correction timelines to prevent unfair tax burden due to clerical errors and ITC denial.
The CBIC has amended GST Rules 2017, introducing changes in refund eligibility and appeal procedures. Effective from March 27, 2025.
