Tag GST

Income Tax

UNION BUDGET 2025

Discover the key highlights of Budget 2025 that could reshape your financial landscape! With no income tax up to ₹12 lakh and simplified TDS/TCS regulations, this budget aims to ease the tax burden on middle-class and low-income groups. Explore the new tax slabs, increased rebate limits, and extended timeframes for filing updated returns. Whether you're a taxpayer or a financial enthusiast, our in-depth analysis by CA Neha Aggarwal will provide you with valuable insights. Don't miss out on understanding how these changes can impact your finances...

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February 1, 2025

Goods and Services Tax

The Ultimate Guide to E-Way Bill in India

In the ever-evolving landscape of India’s Goods and Services Tax (GST) system, the introduction of the e-Way Bill has significantly streamlined the movement of goods. It has made compliance easier for both businesses and authorities. Let’s dive into a comprehensive…

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January 30, 2025

Income Tax

Comprehensive Guide to Changes in Capital Gains Taxation : Budget 2024

🌟 Ultimate Guide to Navigating the New Capital Gains Tax Rules Recent updates to capital gains taxation have redefined how investments are classified, calculated, and taxed. These changes, while impactful, also bring opportunities for smarter financial planning. Here’s an attractive…

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January 25, 2025

Goods and Services Tax

GST Advisory: Key Updates to E-Way Bill and E-Invoice Systems

The Goods and Services Tax Network (GSTN) has announced crucial updates to the E-Way Bill and E-Invoice systems, set to roll out on January 1st, 2025. These updates aim to improve security, streamline processes, and ensure better compliance with government…

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December 23, 2024

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