Summary of key notifications in Income Tax, GST, SEBI, and IBBI regulations during the week of Nov 18-24, 2024, covering filing procedures, amendments, and consultations.
Supreme Court held that press release cannot be the basis of changing the law. Exemption under the Customs Act has to be via issuance of notification as provided by the Customs Act. Thus, press release cannot be basis for giving away with old legal regime.
Adjudication order imposing penalties for non-compliance with Section 134(3)(b) of the Companies Act, 2013. Total penalty: ₹4,00,000. Learn more.
Understand the special procedures under Section 16(5) of the CGST Act, 2017, for rectifying ITC claims. Learn eligibility, filing steps, and key clarifications.
Learn to manage GST invoices easily with the new IMS. Join our webinar on 24th Nov to improve ITC claims and error reduction. Register now!
Learn how to file GSTR-3B using the Invoice Management System (IMS) for streamlined ITC claims. Follow detailed steps, reconciliations, and key precautions.
Section 194T imposes TDS on partner income, leading to procedural issues, misuse of funds, and complications for taxpayers. Calls for its repeal are growing.
Learn about common income tax notices for salaried individuals, their implications, and steps to handle them effectively. Avoid legal hassles with proper compliance.
Learn how Form DRC-03A resolves GST demands paid via DRC-03 but still reflected as outstanding. Simplify adjustments and avoid duplicate notices effectively.
The due date for GSTR-3B for October 2024 is extended to November 21, 2024, for businesses in Maharashtra and Jharkhand as per CBIC Notification No. 26/2024.
