Introducing GSTR-1A: Everything You Need to Know About the New GSTR-1A

The new GST Return Form GSTR-1A will soon be available on the GST portal. This form allows taxpayers to make changes, corrections, and amendments to the data filled in GSTR-1 for the same month before filing GSTR-3B of that month or quarter. This new form has been notified through an amendment in Rule 59, which […]

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Did you receive Defective Return Notice u/s 139(9): Know How to Correct it

Income Tax Return filing is a one-time exercise every year for all persons earning income above the basic exemption limit. After filing ITR you may take sigh of relief but the tax payer’s task never ends here, they should keep an eye on each email they will receive after ITR filing the registered email id

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Articles

Professional Tax Karnataka: Process made easier

A person or an employer covered under The Karnataka Tax on Professions, Trades, Callings and Employments Act,1976 is liable to pay a monthly tax of Rs.200/employee and there is a designated website for these payments to be made. However, earlier things were a bit complicated and the process of filing Professional Tax each month was

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Using UPI? UPI Transaction limit as per Income Tax & GST 2024

What is UPI: Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties’ bank accounts. UPI transfer limit per day: The UPI transaction limit per

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Articles

Section 80G – Deduction for Donation to charitable institutions

Section 80G of the Income Tax Act, 1961 is a provision that allows individuals and organizations to claim deductions on donations made to certain charitable institutions or funds. It encourages individuals to contribute to social causes and provides tax benefits for such contributions. Here are some key points about Section 80G: It’s important to note

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Consent Letter for GST Registration: A brief description and requirements

Goods and Services Tax, people are becoming aware and more familiar with this these days. GST registration is necessary if the turnover exceeds the prescribed threshold or the proprietorship firm engages in interstate sales or e-commerce or wants to claim the input tax credit. However, any business entity can obtain a GST registration also on voluntary

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Articles, Note

NGO Darpan: Registration Procedure, Document Required, Benefits

The NGO Darpan is a portal that acts as an interface between Non-Governmental Organizations (NGOs) and government departments. It is an initiative started by the National Informatics Centre and NITI Aayog. It facilitates an interchange of information between NGOs, Voluntary Organizations (VOs) and government departments, ministries and bodies. When NGOs complete the Darpan registration, it

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Your AIS has changed – CBDT Press Release on AIS New Changes 2024

CBDT has released new functionality in AIS to increase transparency and issued a press release dated 13 May 2024. Highlights In AIS, taxpayer has been provided with a functionality to furnish feedback on every transaction displayed therein. This feedback helps the taxpayer to comment on the accuracy of the information provided by the Source of such

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Clarification to deal with difference in ITC availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period April 01, 2019 to December 31, 2021

The CBIC vide Circular No. 193/05/2023-GST dated July 17, 2023 has issued a clarification to deal with the difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period April 01, 2019 to December 31, 2021. Attention is invited to Circular No. 183/15/2022-GST dated 27th December, 2022,

Clarification to deal with difference in ITC availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period April 01, 2019 to December 31, 2021 Read More »

Circulars/Notifications, news