The Union Budget 2025-26, presented by Finance Minister Smt. Nirmala Sitharaman, focuses on economic growth, employment generation, and support for various sectors, including agriculture, MSMEs, infrastructure, and taxation. Let’s take a look at the key highlights and their impact on different areas of the economy. Economic Overview Agriculture and Rural Development Support for MSMEs and

“Download Your September 2017 Return Data Before 30th September 2024” Yes, as per the GST portal’s data retention policy, taxpayers should be aware that GST return data is retained on the portal for a period of seven years only. After this period, data will be archived and will no longer be available for viewing or

The issue of claiming Input Tax Credit (ITC) on motor vehicles under the Goods and Services Tax (GST) regime has always been a subject of debate and confusion. With the introduction of GST, the availability of ITC on cars and other motor vehicles was substantially restricted. However, the recent clarifications issued by the Central Board

The 54th GST Council Meeting, held on 9th September 2024, brought new updates on the GST treatment for rental income, reigniting discussions on its applicability. The topic is especially relevant as the government continues to focus on real estate, a sector heavily taxed both directly and indirectly. In this article, we will explore how GST