Krishna Gopal Varshney
- An editor at apnokaca
Krishna Gopal Varshney Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
The Latest from Krishna Gopal Varshney
Big News! GST Rate Changes Are Coming Soon
This blog post announces significant changes to Goods and Services Tax (GST) rates in India, set to become effective from September 22, 2025, as per Notification No. 09/2025 – Central Tax (Rate). It provides a clear, simplified table comparing old and new rates for categories like household essentials, packaged food, luxury goods, hospitality, travel, professional consultancy, and IT services. The post highlights the implications for businesses (updating systems for compliance) and consumers (potential price changes), emphasizing the government's aim for clarity and easier compliance. It concludes by advising consultation with tax professionals for specific sector-related queries.
Crypto Firms in India Must Now Pass Security Audits: What It Means
India's Financial Intelligence Unit (FIU-IND) has mandated comprehensive cybersecurity audits for all Virtual Digital Asset (VDA) service providers, including crypto exchanges and custodians. These audits, to be conducted by CERT-In approved auditors, signal a major shift towards a more secure and regulated crypto ecosystem in India. The move aims to combat cybercrime, money laundering, and boost investor confidence, bringing the crypto sector in line with traditional financial regulations. Firms must now prioritize compliance, update security protocols, and prepare for the new PACT certification, marking an end to lax security practices.
Good News for Seniors! 7 New Government Perks for a Better Life
This blog outlines seven new government benefits for senior citizens in India, aimed at improving their quality of life. These perks include expanded health insurance (Ayushman Bharat) for those 70+, free assistive devices (Rashtriya Vayoshri Yojana), increased pension amounts, opportunities for active aging through jobs and social groups (SACRED Portal), support for the "Silver Economy" through startup funding (SAGE portal), a dedicated helpline for safety and protection (Elderline 14567), and improved access to facilities via state action plans. The article also provides a brief guide on how seniors can access these benefits, emphasizing a holistic approach to ensuring respect, health, financial security, and happiness for India's elderly population.
Didn’t File ITR by September 16? Here’s What You Can Still Do
This blog post provides a comprehensive guide for individuals who have missed the September 16, 2025, deadline for filing their Income Tax Return (ITR) for FY 2024-25. It reassures readers that filing is still possible through a "belated return" by December 31, 2025, but outlines the associated penalties, including late filing fees (₹1,000 or ₹5,000) and interest on unpaid tax. The article also details other consequences of late filing, such as the inability to carry forward certain losses, delayed refunds, and potential loss of specific deductions. It touches on rare exceptions and what happens if even the belated deadline is missed. Finally, it offers practical advice to act promptly, gather documents, compute accurately, and seek professional help, promoting MyITROnline as a solution for simplified tax filing.
Big News for Small Businesses: Say Goodbye to Annual GST Returns (GSTR-9) From FY 2024-25!
This blog post announces a significant and permanent change in GST compliance for small businesses in India. From Financial Year 2024-25, businesses with an annual aggregate turnover of up to 2 crore are exempt from filing the annual GST return (Form GSTR-9). The article details what changed, who benefits, and the tangible advantages like time and cost savings. It also highlights crucial reminders about continued monthly/quarterly filings, record-keeping, and turnover monitoring. The post emphasizes that this move will greatly enhance the "Ease of Doing Business" for millions of small enterprises.
Big Changes Coming to GST on October 1, 2025: What Your Business Needs to Know
The Indian government has announced significant GST updates, effective October 1, 2025, stemming from the Finance Act, 2025. These amendments will impact definitions, voucher taxation, Input Tax Credit (ITC) on plant & machinery (retrospectively from 2017), return filing procedures, appeal processes, and introduce a new 'track & trace' system with associated penalties. Businesses must prepare for these changes by reviewing operations, updating systems, and training staff to ensure compliance and manage potential cash flow implications.
ICAI Eases Financial Reporting for Non-Corporate Entities & LLPs in FY 2024-25
The Institute of Chartered Accountants of India (ICAI) has announced a significant, temporary compliance relaxation for non-corporate entities and Limited Liability Partnerships (LLPs) for the Financial Year 2024-25. This allows these entities to optionally adopt updated guidance notes on financial statements, aiming to reduce administrative burden while maintaining transparency and accuracy. This flexibility ensures that core accounting standards remain paramount, offering businesses a choice in their reporting approach for the upcoming fiscal year.
Taxpayers Alert: Old Income Tax Records Removed from Portal
The Income Tax Department has removed all data for Assessment Year (AY) 2022-23 and prior years from its website. This blog explains the reason behind this change and provides actionable steps for taxpayers to secure their old records, emphasizing the importance of keeping personal backups.
Income Tax Department’s Section 87A Relief: What Taxpayers Must Know About STCG Rebate Claims
The Income Tax Department has issued relief for taxpayers who claimed Section 87A rebate on short-term capital gains (STCG). If demands are paid by December 31, 2025, interest will be waived. Learn what went wrong, what’s been clarified, and what you should do next.
