GST taxpayers for FY 2017-20 can avoid interest and penalties by paying the demanded tax by March 31, 2025, under the newly introduced Section 128A of the CGST Act.
Key GST compliance tasks for FY 2023-24 before filing October 2024 returns, including ITC, e-invoicing, reconciliations, and reverse charge mechanisms.
ICAI calls for suggestions on simplifying the Income-tax Act, mitigating litigation, and reducing compliance burdens. Submit inputs by 15th October 2024.
ICAI establishes a group to improve work-life balance and stress management for Chartered Accountants through workshops, wellness programs, and peer support networks.
Understand GST relaxation on Input Tax Credit claims for FYs 2017-2021, including legal updates and provisions for taxpayers.
ICAI extends the last date for payment of Membership/COP fee for 2024-25 to December 31, 2024, due to technical issues with the KYM form submission.
Explore the 44 changes in GST law from Finance Act (No-2) 2024, including effective dates for various provisions starting September 27 and November 1.
The Government of India keeps interest rates unchanged for Small Savings Schemes for Q3 FY 2024-25, effective from October 1 to December 31, 2024.
Understand Section 80C deductions of the Income Tax Act, eligible investments, and the limits for individuals and HUFs. Reduce tax liability with the right investments.
GSTN restores archived return data on the portal due to trade requests. Users advised to download data before future archival.
