Tax Compliance Calendar Deadline For October FY – 2024-25 For October 2024, businesses and taxpayers in India must adhere to several important compliance deadlines: TDS (Tax Deducted at Source) Payment: Despite due date being October 7, this applies to TDS deductions for September 2024.o GSTR-1 (for September) due on October 11 (monthly taxpayers) for filing […]
Read MoreWhat is a Debt Collection Letter and How to Approach Debtor. A formal request for payment of an overdue debt is sent by a creditor or debt collection agency to a debtor in a letter is called the debt collection letter. These correspondences frequently contain information such as the total amount due, the deadline for […]
Read MoreComplete Guide to Vivad Se Vishwas Scheme 2024 (VSV – 2.O) The Vivad Se Vishwas Scheme 2024 is a new plan introduced by the government for direct tax litigations for settling of the pending cases so as to reduce the litigations. The scheme was introduced in the Union Budget 2024 and the earlier Vivad Se […]
Read MoreWhat is mean by E – Invoicing System under GST E-Invoicing for GST means the electronic invoices, which are issued between business entities and are authenticated by the GSTN for the purpose to be used on the common GST portal of India. It is intended to rationalise the procedures for issuing invoices, combating evasion of […]
Read MoreWhat is E – Invoicing System? An E-Invoicing system is a digital solution for generating, sending, receiving, and storing invoices electronically. It replaces conventional paper forms of invoices by an electronic format that is accepted across organizations, suppliers and government departments. The system is effective in streamlining the process of creating invoices and the accuracy, […]
Read MoreIntroduction of Invoice Management System (IMS) In this article we will discuss about the new invoice management system in GST, The current Goods and Services Tax (GST) structure in India will face alterations from October 1, 2024, which involves the overall efficiency of invoices used to help out in compliance. As Known in the recent […]
Read MoreDid u get Income tax Notice or Not Get Income Tax Refund ? if yes so , the same is issued check the reason of same in that notice, same could be find after under the notice received from income tax Department :- If this is reason than check your Filed Return carefully , under […]
Read MoreUnified Pension Scheme In a major reshuffle, the Cabinet of Prime Minister Narendra Modi on Saturday cleared the Unified Pension Scheme or UPS for central government employees. This step is meant for ensuring assured pensions, family pensions along with minimum pensions to 23 lakh government employees. The scheme has provision and will be implemented from […]
Read MoreWhat is Tax clearance certificate (TCC)? An income tax clearance certificate as the name goes, is a document issued by the Indian tax departments to indicate that you do not owe any taxes. It is issued by the revenue department of the state government. This is the question which was to be answered and so […]
Read MoreSection 17(5) of CGST Act – Blocked Credit Under GST Section 17(5) of CGST Act, also referred to as blocked credits, is a very important provision for every regular taxpayer under GST. It defines a list of purchases on which GST is paid but businesses cannot claim these as the Input Tax Credit (ITC). In […]
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