Introduction: Supreme Court Rejects PIL Against TDS System On Friday, January 25, 2025, the Supreme Court of India dismissed a Public Interest Litigation (PIL) seeking to abolish the Tax Deducted…
Budget Expectations 2025: Corporate Tax Concession Scheme May Return at 18%
By: AdminDate: January 24, 2025Categories: Tax NewsReading Time: 4 Min Corporate Tax Concession Scheme Likely to Return The upcoming Union Budget for 2025-26 may reintroduce a corporate tax concession scheme…
CBIC Waives Late Fees for FORM GSTR-9C Filing for FY 2017-18 to 2022-23
By Admin | January 23, 2025 | Categories: 55th GST Council | 4 Min Read The Central Board of Indirect Taxes and Customs (CBIC) has provided relief to taxpayers by…
CBIC Notifies Amendment in Rule 19(1) of CGST Rules to Include FORM GST CMP-02
By Admin | January 23, 2025 | Categories: 55th GST Council | 4 Min Read The Central Board of Indirect Taxes and Customs (CBIC) has amended Rule 19(1) of the…
CBIC Introduces Temporary Identification Numbers for Non-Registered Persons
By Admin | January 23, 2025 | Categories: 55th GST Council | 4 Min Read The Central Board of Indirect Taxes and Customs (CBIC) has amended the CGST Rules, 2017,…
GST Portal Update: Negative Values Now Allowed in GSTR-3B to Address Negative Liability
The GST Network (GSTN) has introduced a significant update on the GST portal, allowing taxpayers to report negative values in the Outward Supply Table 3.1 of GSTR-3B. This update addresses…
Insurers Advocate Continuation of GST on Term Insurance Plans
By: Admin, AAERM Law AssociatesDate: January 23, 2025Categories: GST, Recent News The ministerial panel on GST rationalization is discussing ways to ensure tax benefits are passed to consumers. However, life…
Key Updates in GSTR-1/1A: HSN Summary Simplified
By: Admin, AAERM Law AssociatesDate: January 23, 2025Categories: GST, GSTR Compliance Updates The government has introduced significant changes to the filing process of GSTR-1/1A. These updates aim to enhance accuracy…
GSTN Issues Advisory on Availing Input Tax Credit (ITC) and GSTR-2B Compliance
By: AdminDate: January 22, 2025Categories: GST Law, GSTN Report, Important NewsReading Time: 4 Min Introduction: GSTN Resolves Duplicate Entry IssueThe Goods and Services Tax Network (GSTN) has issued an advisory…
Budget 2025: Key Tax Reforms Proposed by Former CBDT Chair JB Mohapatra
By: AdminDate: January 22, 2025Categories: CBDT, NewsReading Time: 4 Min Introduction: Proposals for a More Efficient Tax SystemAs the Union Budget 2025 approaches, former CBDT Chair JB Mohapatra has outlined…