Key updates (1–8 Dec 2024): Income Tax, GST changes, SEBI reforms, RBI guidelines, and legal judgments on employment and banking. Stay informed on latest notifications.
55th GST Council meeting recommends tax reductions, exemptions, and compliance measures, including lower GST on fortified rice kernels and exemption on gene therapy.
Bombay HC examines Section 87A rebate issues due to ITR software changes post-July 2024, affecting taxpayers’ rights. Interim relief granted; final hearing on Jan 2025.
Understand the latest changes, reconciliations, and filing requirements for GSTR 9 & 9C for FY 2023-24, including key updates on ITC and tax liabilities.
Exploring the need for relaxation in Vivad Se Vishwas II Scheme, 2024, addressing issues of pending appeals filed after July 23, 2023, for better clarity.
ITAT Mumbai held that benefit of cost inflation index admissible as per second proviso to section 48 of the Income Tax Act. Accordingly, indexation benefit admissible even in respect of assets held in foreign countries.
New updates to the E-Way Bill and E-Invoice systems, including mandatory MFA and restrictions on EWB generation and extension, effective from January 2025.
Learn about GST audits under Section 65 of the CGST Act, covering provisions, timelines, documents required, audit scope, and compliance measures.
Learn about the accurate entry of RR No./eT-RRs in the E-Way Bill system following FOIS integration. Avoid mismatches with detailed guidance and format specifications.
GSTN announces changes to E-Way Bill and E-Invoice Systems from January 2025, including MFA requirements and EWB generation restrictions.
