Blogs

ESOPs and Their Tax Implications for Employees in India
Employee Stock Ownership Plans (ESOPs) are a popular way for companies to share ownership with their employees. They offer a unique blend of benefits, including potential financial gains and tax advantages.
15.11.24 06:18 AM - Comment(s)
Navigating the Changes in GSTR-3B for Reporting Ineligible Input Tax Credit
The Goods and Services Tax (GST) landscape is ever evolving, with frequent updates and changes to the reporting procedures. One of the critical aspects of GST compliance is the accurate reporting of Input Tax Credit (ITC) in the GSTR-3B form.
24.09.24 12:02 PM - Comment(s)
Reopening of Reporting ITC Opening Balance in GST Portal

1. Vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 (read with circular 170/02/2022-GST, Dated 6th July,2022), the Government introduced certain changes in Table 4 of Form GSTR-3B regarding availment & reversal of ITC along-with reporting of re-claimed and ineligible ITC. Accord...

21.09.24 02:40 AM - Comment(s)
Understanding the New Invoice Management System in the GST Portal
The Goods and Services Tax (GST) ecosystem in India has taken a significant step forward with the introduction of the Invoice Management System (IMS) on the GST Common Portal.
19.09.24 01:54 AM - Comment(s)
RCM on Commercial Property Rent- Key Impacts

The Reverse Charge Mechanism (RCM) on Commercial rent refers to the system where the tenant is liable to pay GST on the rented Commercial Property.

16.09.24 11:38 AM - Comment(s)