Blog Posts
Advisory for Waiver Scheme under Section 128A
1. Taxpayer’s attention is invited to the advisory on the above subject issued by GSTN on 29.12.2024. The link for the said advisory is given here: h...…
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Implementation of mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A
Jan 22nd, 2025 After successful implementation of Phase-I & Phase-II now Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return...…
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MCA Updates
MCA announces another extension of 15 days to file 45 Company E forms and PAS-03 without additional fees, due to changes in the filing process in MCA...…
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GST REGULAR TO COMPOSITION
Regular taxpayers can opt for Composition Scheme for Financial Year 2023-24 by navigating as ‘Services-> Registration-> Application to opt for composi...…
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GST AMENDMENT
CGST ACT 1. Composition Supplier: Can Apply if they are supplying goods through E-com Operator now restriction only on services. 2. Now for calculat...…
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BUGDET 2023 TAX RATE
i. Personal Tax Rates New Tax Regime [Mandatory if not opted for old] Individuals Income (Rs) Proposed rate of tax (AY 2024-25) Upt...…
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Change in Companies Act 2013 for Financial Reporting
1. Applicable from 01st April, 2021 (For the financial year ending on 31st March, 2022) a) Amendments for the preparation of Financi...…
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EXTENTION OF DUE DATE FY 2020-21
F.No.225/49/2021 -ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 20th May, 2021 S...…
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Criteria for classification of Non-company entities
ICAI: Criteria for classification of Non-company entities for applicability of Accounting Standards https://resource.cdn.icai.org/64269asb51535.pdf
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MCA Update
MCA- Mandatory use of Accounting Software having Audit Trail Extended to 1st April, 2022 Link: http://mca.gov.in/Ministry/pdf/AccountsAmendmentRules...…
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