1. Waiver of Late Fees for delayed filing of GSTR 4 Return for the Financial Year 2017-18 till 2021-22 if the return is filed between...

From Asstt Yr. 2024-25- No Income Tax on persons having income upto 7 lacs in new tax regime by allowing higher deduction of Tax u/s 87-A...

128. Amendment in Section 10 – Composition Taxpayers Existing: (2) The registered person shall be eligible to opt under sub-section (1),...

As we all know that Statutory Audit for the previous financial year are to be completed by month of September so that it could be audited...

1. Directions by Supreme Court The Supreme Court has directed the GSTN to open the portal and allow filing or revising transitional...

CHARGE OF EQUALISATION LEVY ➢ Rate: 6 % of the amount of consideration received or receivable. ➢ Service Provider: Any non-resident...

WHO IS A GTA As per Section 65B (26) of the Finance Act, 1994; “Goods Transport Agency means any person who provides service in relation...

INTRODUCTION TO SEC 50C In order to plug the prevailing black money in real estate transactions the government vide finance Act 2002,...

The Corporate Affairs Ministry (MCA) has come up with the ‘Companies Fresh Start Scheme 2020’ to enable companies make good of any...

WHAT IS REVERSE CHARGE MECHANISM In general GST is collected by the supplier from the recipient and remitted to the government. However,...