The Supreme Court ruled that Input Tax Credit cannot be claimed without proof of genuine transactions, reinforcing compliance under the KVAT Act.
ICSI limits signing of E-form MGT-7 to 75 companies (125 for Peer Reviewed) from April 2025. UDIN compliance is mandatory. Ensure correct document type for UDIN.
The Supreme Court ruling clarifies that minors can legally be transferees of immovable property under the Transfer of Property Act.
Learn steps to rectify an incorrectly selected Income Tax Return (ITR) form during e-filing. Understand the implications and how to correct the mistake.
Explore recent changes in CGST rules, including updates on input tax credit claims, invoice timelines, tax deductions, refund procedures, and compliance requirements.
ICAI issues guidelines for police procedures involving Chartered Accountants, emphasizing fairness and adherence to legal standards during investigations.
CBDT simplifies TDS for salaried employees and enables parents to claim TCS credit for minors through recent amendments in Income-tax Rules, 1962.
Explore the Supreme Court’s ruling on Section 17(5) of the CGST Act, 2017, and its impact on Input Tax Credit claims for construction costs under GST.
From January 2025, changes to auto-populated GSTR-3B values will be restricted. Amend through GSTR-1A or Invoice Management System for accurate return filing.
New CBDT guidelines for compounding of offences under the Income Tax Act, 1961. Learn the conditions, process, and fee structure for compounding applications.
