Associate TG
Barring of GST Returns After Three Years Barring of GST Returns After Three Years The Finance Act, 2023 has introduced a significant change in GST compliance, effective from October 1, 2023, which restricts the filing of certain GST returns beyond a period of three years from the due date. Under this amendment, taxpayers will lose … Read more
Understanding the New Income Tax Notification Understanding the New Income Tax Notification On October 18, 2024, the Ministry of Finance in India issued a significant notification impacting businesses engaged in international transactions and specified domestic transactions. This notification pertains to the determination of arm’s length pricing under the Income-tax Act, 1961, and will be applicable … Read more
GST Compliance Update for Metal Scrap Buyers GST Compliance Update for Metal Scrap Buyers The GST Network (GSTN) has introduced a significant update that affects metal scrap buyers in India. This update follows Notification No. 25/2024 – Central Tax, dated October 9, 2024, and mandates new registration compliance through form GST REG-07. If you are … Read more
Auto-Populated Values in GSTR-3B Auto-Populated Values in GSTR-3B The Goods and Services Tax Network (GSTN) continues to improve its return filing processes to make compliance easier for taxpayers. One of the key features introduced recently is the pre-filled GSTR-3B form, aimed at reducing human errors and improving accuracy in return filings. As part of its … Read more
GST TDS Now Applicable on Metal Scrap Supplies GST TDS Now Applicable on Metal Scrap Supplies The Goods and Services Tax (GST) regime, now in its eighth year of implementation, continues to evolve with new updates aimed at enhancing compliance and reducing tax evasion. One of the latest and most significant changes was introduced by … Read more
