🟥 Foreign Income Disclosure Deadline: December 31, 2024
Ravi Agarwal, Chairman of the Central Board of Direct Taxes (CBDT), encourages taxpayers with foreign income or assets to rectify any omissions in their income tax returns before December 31,…
🏥 GST Exemption on Health & Life Insurance Needs Input Tax Credit for Policyholders’ Benefit
The Group of Ministers (GoM) has proposed exempting health and term life insurance from GST, currently taxed at 18%. This recommendation, if approved, could significantly impact policyholders and the insurance…
🌟 CBDT Circular on Condonation of Delay for Filing Form 10-IC/10-ID
On November 18, 2024, the Central Board of Direct Taxes (CBDT) issued Circular No. 17/2024. This circular addresses the condonation of delays in filing Form 10-IC or Form 10-ID for…
🟥💥 Important Update Due Date for Filing GSTR-3B Extended to November 21, 2024
✅ Due Date for Filing GSTR-3B Extended to November 21, 2024 The government has announced an extension for the filing of GSTR-3B returns for taxpayers in Maharashtra and Jharkhand due…
🟥 CBDT Circular on Condonation of Delay for Filing Forms 9A/10/10B/10BB
Date: November 18, 2024Category: CBDT Notification The Central Board of Direct Taxes (CBDT) has issued Circular No. 16/2024 concerning the condonation of delay under Section 119(2)(b) of the Income-tax Act,…
🟥 Deadline for Filing GSTR-3B Extended for Maharashtra and Jharkhand Taxpayers
Date: November 18, 2024Category: GST Recent News The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing GSTR-3B returns by one day for taxpayers with…
GSTN Issues Steps to Recompute GSTR-2B for October 2024
Date: November 16, 2024Category: GST Law | GST Portal Updates | Important News The Goods and Services Tax Network (GSTN) has issued a notice advising taxpayers to recompute their GSTR-2B…
CBDT Launches Compliance-Cum-Awareness Campaign for AY 2024-25
Date: November 16, 2024Category: Income Tax | Press Release The Central Board of Direct Taxes (CBDT) has initiated a Compliance-Cum-Awareness Campaign for the Assessment Year (AY) 2024-25. This initiative aims…
GSTN Introduces New Feature to Fix Invoice Matching Errors for ITC Claims
Date: November 16, 2024Category: GST Recent News The Goods and Services Tax Network (GSTN) has launched a new Invoice Management System (IMS) to streamline invoice matching, enabling taxpayers to claim…
55th GST Council Meeting Scheduled for December 21 in Jaisalmer
Date: November 16, 2024Category: GST News Meeting Highlights Key Details: Chairperson: Finance Minister Nirmala Sitharaman Date & Location: December 21, Jaisalmer Reason for Delay: Postponed from November due to assembly…