By: AdminOctober 17, 2024Categories: CBDT Notification | Press Release4 Min Read The Central Board of Direct Taxes (CBDT) has introduced amendments in the Income-tax Rules aimed at simplifying the process…
GST Panel Weighing Future of Compensation Cess
By: AdminOctober 15, 2024Categories: GST Recent News4 Min Read The Group of Ministers (GoM) on GST compensation cess will meet on October 16, 2024, in the national capital to discuss…
Important Update: GSTN Enabled Filing for GSTR-9 and GSTR-9C for FY 2023-24
By: AdminOctober 16, 2024Categories: GST Portal Updates | Important News4 Min Read The Goods and Services Tax Network (GSTN) has enabled the option for taxpayers to file their Annual Return…
CBDT Notifies Income-tax Amendment (Seventh Amendment) Rules, 2024; Key Changes to Forms 10A and 10AB, Effective from October 01, 2024
By: AdminOctober 16, 2024Categories: CBDT Notification | Notification and Circular4 Min Read The Central Board of Direct Taxes (CBDT), via Notification No. 111/2024 dated October 15, 2024, announced the Income-tax…
Reversals under Rule 37A Reflected in September’s GSTR-2B: ITC to be Reversed Due to Non-Filing of GSTR-3B by Vendors for FY 2023-24
By: AdminOctober 16, 2024Categories: GST Portal Updates | Important News4 Min Read The Goods and Services Tax Network (GSTN) has updated September's GSTR-2B to reflect reversals required under Rule 37A.…
CBDT Notifies Income-tax (Eighth Amendment) Rules, 2024: Introduction of Form 12BAA and Key Changes to TDS/TCS Reporting
By: AdminOctober 16, 2024Categories: CBDT Notification | Notification And Circular4 Min Read The Central Board of Direct Taxes (CBDT), through Notification No. 112/2024 dated October 15, 2024, introduced the Income-tax…
GSTN Advisory on IMS: Action on Invoices Not Mandatory for GSTR-2B Generation
By: AdminOctober 14, 2024Categories: GST Portal Updates | Important News4 Min Read The Goods and Services Tax Network (GSTN) has issued an Important Advisory No. 532 on October 14, 2024,…
GSTN Releases Offline Tools for GSTR-9 and GSTR-9C for FY 2023-24, Filing to Begin Soon
By: AdminOctober 15, 2024Categories: GST Portal Updates | Important News4 Min Read The Goods and Services Tax Network (GSTN) has announced the release of offline tools for GSTR-9 (v1.9) and…
GSTN Advisory on IMS: Action on Invoices Not Mandatory for GSTR-2B Generation
By: AdminOctober 14, 2024Categories: GST Portal Updates | Important News4 Min Read The Goods and Services Tax Network (GSTN) has issued Advisory No. 532 on October 14, 2024, announcing the…
Ministers’ Panel on Compensation Cess Holds First Meeting, Considers Recategorising Luxury Goods Under 28% GST Bracket
By: AdminOctober 15, 2024Categories: GST Recent News4 Min Read The Group of Ministers (GoM) held its first meeting earlier this month to discuss the future of the GST compensation cess…