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Taxpayers to extra care for their tax payments with GST E-invoicing.

GST E-invoicing - Reforms in Goods & Services Tax Act, 2016(“GST”) are progressing in stages and with e-invoicing, the...

Undervaluation of Goods In Transit, is it the new market trend?

Since the inception of GST in India, several measures were taken to prevent tax evasion. The Union Finance Minister...

Re-issuance of Income Tax Refund – How to Submit Request Online

Failure to receive a refund on the filing of your Income Tax Return? What are the probable causes? How...

Obtained New GST Number – What to do next?

The looming question for every entrepreneur today is ‘I have just obtained New GST Number for business, Now! What’s...

Income Tax E-Assessment and Artificial Intelligence how realistic it is?

After moving ahead from paper return to paperless return starting from 2012 for specified taxpayers to a more broad...

Missed Income tax return for 2017-18 or earlier period? What to do now?

Does lapsing of the due date means attracting a severe penalty from the department or still there’s hope?   For each...

GST Exemptions on Supplies to Food and Agricultural Organizations (FAO)

The Food & Agriculture Organization, in short, FAO, of the United Nations (UN) is an agency, specially empowered to...

GST Concession on Motor Vehicles Cars for Persons with Disability (PwDs)

Disability is not just a problem with health or any attribute of any individual, but it reflects the problems...

GST on RWA on Subscription/ Contribution Received from its Members

After long negotiations made in house, the Finance Ministry and the GST Council have come up with clarifications on...

TDS Penalty and Interest for Late Payment under Income Tax Act, 1961.

In cases of non-filling, delayed filling, non-payment or imprecise deduction of TDS, the tax department charges penal interest from...