AGFTC and ITBA urge amendments to reduce penalties under CGST Act, 2017, proposing fairer penalties for genuine errors. Detailed representation to FM Sitharaman.
Learn who can file ITR-7, how to file it, required information, and mandatory schedules. Detailed guide for assessees under various sections.
Karnataka High Court rules that transporters only need a duplicate tax invoice under CGST and SGST Acts. Original invoice not mandatory.
Explore expectations from upcoming 53rd GST Council meeting scheduled for June 22nd, 2024. Key issues like dual jurisdiction, notice system improvements, litigation control, ITC provisions, penalty rationalization, and registration concerns are analyzed.
Explore the contentious issue of GST on corporate guarantees, including recent amendments and industry concerns. Understand implications, valuation rules, and the need for further clarity from the GST Council.
Discover how Dearness Allowance (DA) for PSU employees is calculated, accounting for inflation and the Consumer Price Index. Learn the formula and factors influencing DA rates.
Key expectations from the 54th GST Council Meeting on June 22, 2024, including rate rationalization, inclusion of natural gas and ATF, and compliance simplifications.
Explore the Malad Chamber of Tax Consultants’ 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961, aimed at reducing litigation and boosting the economy.
Representing Karnataka State Chartered Accountants Association’s suggestions for GST Act changes to Hon. Union Minister of Finance, Nirmala Sitharaman. Recommendations aim to streamline tax laws, reduce disputes, and enhance compliance.
KSCAA urges FM Nirmala Sitharaman to reduce mandatory pre-deposit for GST appeals, addressing financial strain and clarifying ambiguities.
