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Joined: October 21, 2024
Articles: 2

Income Tax

Direct Tax Code (DTC), 2025 vs Income Tax Act, 1961 which is better?

Determining whether the Direct Tax Code (DTC) or the Income Tax Act, 1961 (ITA 1961) is “better” depends on the perspective from which you view the taxation system. Both frameworks have their own merits and drawbacks, and the preference largely…

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December 2, 2024

Goods and Services Tax

New GST Invoice Management System (IMS): Form GSTR-2B data Management

Introduction The GST Council recently introduced the Invoice Management System (IMS) on the GST portal, starting from 1st October,2024 marking a major enhancement in the ITC Ecosystem of GST, enabling taxpayers to efficiently address invoice corrections/amendments with their suppliers through…

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November 14, 2024