Blog tagged as gst

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)
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)
Why you should file your Income tax return every year.
Filing an income tax return (ITR) is a statutory duty for every eligible taxpayer, and it's an annual ritual that holds significant importance.
06.05.24 02:13 AM - Comment(s)
 Significant changes in Goods and Services Tax for the Current Financial Year

The Goods and Services Tax (GST) has undergone significant changes in the current financial year, reflecting the government's ongoing efforts  to refine and enhance this tax regime. These changes are pivotal for businesses, tax professionals, and consumer a like, as they influence the dynamics ...

06.05.24 02:13 AM - Comment(s)