Nov 08, 2024
A New Dawn for Taxpayers: The GST Amnesty Scheme
The Union Budget 2024 brought a beacon of hope for many GST taxpayers with outstanding liabilities. Section 128A of the Central Goods and Services Tax Act, 2017, introduced a much-needed amnesty scheme, offering a golden opportunity to settle pending tax demands without the burden of interest and penalties.
Nov 05, 2024
The Looming Deadline: A Deep Dive into the Three-Year GST Return Filing Limitation
The Goods and Services Tax (GST) landscape in India is constantly evolving, with the latest development being a significant change in the timeline for filing GST returns. The Goods and Services Tax Network (GSTN) has issued an advisory introducing a three-year limitation period for filing certain GST returns.
Nov 01, 2024
Taking the valid rent receipts is important as it acts as a proof of payment which protects tenants in case of disputes with the landlord in future, also it provides tax benefits to employees as they can claim HRA exemption and reduce their tax liability.
Nov 02, 2024
The Indian Goods and Services Tax (GST) regime has introduced a significant change with the imposition of Tax Deducted at Source (TDS) on the sale of metal scrap. This provision is designed to ensure timely tax collection and compliance.