In the Goods and Services Tax (GST) framework, registration is a fundamental requirement for any person whose turnover crosses the prescribed threshold or who is otherwise liable under the law. However, there are instances where…
Conversion of Companies Already Registered Section 18 of the Companies Act, 2013 deals with the conversion of an existing company from one type to another, such as a private company converting into a public company…
The Income Tax Return (ITR) Form 3 is designed for individuals and Hindu Undivided Families (HUFs) who have income under the head Profits or Gains of Business or Profession and are not eligible to file…
Simplify tax compliance! With Form 12BAA, employees can declare TCS credits to employers, who then adjust TDS based on taxes collected on additional income (e.g., foreign tours). This update, effective Oct 2024, ensures accurate deductions…
Advisory issued regarding availability of New Invoice Management System (IMS) from 14.10.2024 The GSTN has issued an Advisory dated 14.10.2024, regarding availability of New Invoice Management System (IMS) from 14.10.2024. The new system shall facilitate…
1.The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC reversal…
Important Due dates under Income Tax Act- February 2023 7 February 2023 - Deposit of TDS/TCSDue date for deposit of Tax deducted/collected for the month of January, 2023. However, all the sum deducted/collected by an…
Important Due Dates under GST- February 2023 Purpose Due Date Compliance Details GSTR-7- TDS return under GST 10-Feb-23 GSTR 7 is a return to be filed by the persons who is required to deduct…