The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input ...

GSTR-9C which is to be filed along with GSTR-9. While the deadline to file GSTR-9C is December 31 of the respective financial ...

These notices can be issued for various reasons, such as: Non-filing of GST returns Mismatched GST details Short payment of taxes or under-reporting Request for clarification on discrepancies in GST ...

However, the free tax-prep program remained functional Thursday and is still accepting tax returns. Democrats and Republicans have been battling over the future of Direct File with some citing ...

An updated return can only be submitted after the deadline for filing the original, revised, or belated return has elapsed. Missed filing your income tax returns? Union Budget 2025 has proposed to ...

To benefit from this change, individuals only need to file their Income Tax Return (ITR) — no additional steps are necessary. Previously, someone earning Rs 12 lakh per year would typically pay ...

Way Bill Applicability for Gold and Precious Stones. The e-Way Bill (EWB) system under the Goods and Services Tax (GST) ...

The recent case law developments provide significant insights into GST appeal timelines, refund claims, and procedural ...

Prior to the amendments in July 2024, as per section 111A of the Income Tax Act, 1961 (the Act), STCG on listed securities were taxed at 15 per cent. However, after amendment made by Finance (No.2 ...

Ryan Finley explains why the IRS’s recent advice memorandum on periodic adjustments may signal a significant change in ...