Big Relief on GST, No need to pay Interest & Penalty
From 01-11-24, new section 128A is applicable that provides some relief to individuals and companies registered under GST. This relief...
Addition of New Section 74A in GST
To furnish common time limit for issuance of demand notices and the others no matter whether matter pertains to fraud,...
Introduction of TDS on Payments made to Partners by Firms.
Budget 2024 introduced a new TDS provision for payments made by firms (Partnership firms & LLP), to the partners by...
Important Amendment in Finance Bill-2024
Amendment in Calculation of Long Term Capital Gain An assessee (individual/HUF) holds immovable property on or before 23-07-24, on transfer...
Glimpses of 53rd GST Council Meeting
GST Council exempts Railway services from tax, fixes 12% rate on cartons, milk cans and much more.
TDS Rates for the F.Y2024-25 w.e.f. 01-04-24
Here complete list of TDS Rates for the F.Y 2024-25
Pending Tax demand up to ₹1L per individual waved by govt.
In Budget 2024 waiver is announced by F.M for all outstanding tax demand of earlier years up to ₹100,000, pursuant...
Higher Rate of TCS on Purchase of Overseas Tour Program Package and LRS (Liberalised Remittances Scheme)
Government hikes TCS on Foreign Tour Packages and LRS to 20% TCS on spending more than ₹ 7 Lakh w.e.f...
Important changes in GST 50th Council Meeting
Conditional Exemption from obtaining registration given to person making supplies through an ECO e.g Amazon, Flipkart etc. Services supplied by...
New E-Invoice Limit
GST Taxpayer whose aggregate Turnover > ₹5 Cr. in any F.Y, generation e-Invoice for B2B supply of Goods or Services...