AGFTC and ITBA urge amendments to reduce penalties under CGST Act, 2017, proposing fairer penalties for genuine errors. Detailed representation to FM Sitharaman.
IBBI updates the progress report format for liquidation processes, seeking comments by July 12, 2024. Learn about the new requirements and how to provide feedback.
DGFT modernizes foreign trade by automating ad-hoc Input Output Norms fixation, enhancing ease of business for exporters. Learn about this pivotal change.
Learn who can file ITR-7, how to file it, required information, and mandatory schedules. Detailed guide for assessees under various sections.
Explore the Exposure Draft on proposed revisions to IES 2, 3, and 4 – Sustainability by IFAC. Share your feedback to shape global accountancy education standards.
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.
KSCAA requests improvements to the Karnataka Professional Tax website to streamline processes for taxpayers and enhance user experience.
GSTR-1A allows taxpayers to promptly rectify any errors or omissions in their GSTR-1 submissions within the same period. This feature ensures that any necessary adjustments can be made before the finalization of GSTR-3B for the corresponding tax period.
