With an emphasis on Rule 8 of the CGST Rules, 2017 and the significance of Aadhaar identification, this blog offers a comprehensive reference to GST registration in India for 2024–2025. It goes over important commercial factors, the registration procedure, and the most recent upgrades.

To make it easier to compare the Income Tax Bill 2025 with the Income Tax Act 1961, as amended by the Finance (No. 2) Act 2024, the Income Tax Department has released a Utility Tool. This application ensures improved compliance and lowers mistakes by assisting businesses, professionals, and taxpayers in understanding legal changes. Discover how to utilize this tool and the advantages it offers to different stakeholders.

In order to rectify prior errors, record extra income, or file missed reports, taxpayers can now file an Updated Income Tax Return (ITR-U) for the preceding four years. This tutorial provides detailed instructions on how to submit an ITR-U, as well as information on who is eligible, deadlines, and penalties.

This blog explains the complexity of income tax surcharges and marginal relief in India. It defines surcharges, their rates under both the old and new tax regimes, and the idea of marginal relief, which ensures high-income taxpayers are not unduly punished. It also offers taxpayers advice on how to properly manage their tax liabilities.

The CBDT has published Notification No. 9/2025, which prescribes criteria for non-resident cruise ship operators under the presumptive taxation scheme established by the Finance (No. 2) Act of 2024. This announcement details the qualifying criteria, journey conditions, and vessel characteristics for taking advantage of the regime. Its goal is to streamline compliance, improve India's cruise tourist industry, and harmonize tax rules with international norms.

An amendment from the Income Tax Department permits taxpayers to file amended or late ITRs in order to receive the 87A tax refund for FY 2023–2024. This action, which complies with an order from the Bombay High Court, provides relief to qualifying taxpayers who make ₹5,00,000 or less a year. The distinctions between the rebate limitations under the previous and current tax regimes are also highlighted in the update. Discover how to make your rebate claim and make sure you're in compliance with this updated framework.

In an effort to assist resident taxpayers, the CBDT has extended the deadline for submitting amended or late income tax returns for AY 2024–2025 to January 15, 2025. Those who need to correct problems in their returns or who missed the original December 31 deadline are eligible for this extension. To avoid fines and interest, timely filing is crucial.

According to Circular No. 20/2024, the Central Board of Direct Taxes (CBDT) has extended the deadline for computation and payment under the Vivad Se Vishwas Scheme, 2024, from December 31, 2024, to January 31, 2025. This program gives taxpayers a hassle-free option to settle outstanding cases while attempting to swiftly address direct tax disputes. The extension gives taxpayers more time to figure out their obligations, collect the required paperwork, and finish payments without worrying about the final minute. This action demonstrates the government's dedication to creating an environment that is favorable to taxpayers while increasing tax collection and compliance. To guarantee seamless compliance, taxpayers are urged to utilize this extension.

To lessen the financial burden on middle-class and upper-middle-class income groups, the government is looking into tax breaks for those making up to Rs 15 lakh a year. Reduced tax rates, higher standard deductions, and updated tax slabs are some of the suggested changes. These adjustments may simplify compliance, boost economic growth, and raise disposable income. This proposed change is a positive start toward promoting economic resilience and resolving taxpayer concerns, even though obstacles like revenue impact and structural overhaul still exist.

Both citizens and non-resident individuals will be impacted by the substantial changes to the capital gains tax structure brought about by the Indian Union Budget 2024. The changes, including uniform tax rates, TDS adjustments, and investment ramifications, are covered in detail in this blog. Learn how to modify tactics to conform to the most recent rules.

Significant adjustments to the Goods and Services Tax (GST) rates for popcorn have been recommended by the GST Council. By establishing consistent prices for packaged and unbranded popcorn, this amendment seeks to streamline compliance and guarantee equity. The adjustments may have an effect on government income, corporate profit margins, and consumer prices. Find out how the food and beverage sector may be impacted by this change and how companies may maintain compliance.

All of the major GST announcements and updates that were released between December 10 and December 16, 2024, are compiled in this blog. Input Tax Credit explanations, GST rate adjustments, e-invoicing updates, GSTR-1 filing extensions, and new features like filing NIL returns by SMS are all included. To guarantee seamless compliance and prevent fines, be informed.