By: Admin | December 27, 2024Categories: GST Recent News | 4 Min Read Overview of the Issue The Goods and Services Tax (GST) authorities have issued show cause-cum-demand notices to…
Vivad Se Vishwas Scheme 2024: Settle Tax Disputes by December 31 to Avoid Penalties
Date: December 25, 2024 | By: AdminCategories: Income Tax News | News | Reading Time: 4 Minutes The Vivad Se Vishwas Scheme 2024 provides a golden opportunity for taxpayers to…
Ministry of Finance Year-Ender 2024: Strengthening Financial Intelligence and FATF Compliance
By: AdminDate: December 25, 2024Category: Press ReleaseReading Time: 4 Minutes Key Highlights In 2024, the Department of Revenue enhanced financial intelligence mechanisms and compliance with global standards to counter illicit…
Advance Tax Payment on December 16 Due to Holiday on December 15
Taxpayers with an income tax liability exceeding ₹10,000 are required to pay advance tax as per the Income Tax Act's quarterly schedule to avoid penal interest and penalties. For the…
Bihar GST (Second Amendment) Bill, 2024 Passed by Voice Vote
The Bihar Goods and Services Tax (Second Amendment) Bill, 2024 was passed by voice vote in the Bihar Assembly on Tuesday. The Bill now moves to the Bihar Legislative Council…
Invoice Management System (IMS): Transforming GST Compliance
The Goods and Services Tax Network (GSTN) launched the Invoice Management System (IMS) to simplify invoice reconciliation and improve transparency in Input Tax Credit (ITC) claims. Effective from October 1st,…
🟥 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,…
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…
Karnataka High Court Restrains ICTPI from Offering Tax-Related Courses
Date: November 16, 2024Category: ICAI | News The Karnataka High Court has issued an interim order restraining the Institute of Chartered Tax Practitioners India (ICTPI), a Bengaluru-based organization, from enrolling…