# compliance
12 posts in `compliance` tag
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Everything You Need to Know About GSTR-1 & IFF for High-Value B2C Sales
This detailed guide covers the reporting obligations for GSTR-1 and IFF regarding B2C interstate transactions that surpass 1,00,000. Discover the essentials of compliance, necessary documentation, and optimal practices for precise GST filing.
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New E-Invoice Rules: 30-Day Reporting Obligation for 10 Crore AATO - Important Details for Companies
This document details India's upcoming e-invoice reporting requirement that will take effect in April 2025 for companies with a turnover exceeding ₹10 crore over a 30-day period. It outlines the compliance obligations, necessary system modifications, and potential penalties for failing to comply.
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GST Amnesty Program as per Section 128A: Seize this Chance! Submit Your Application by 31st March 2025.
This document outlines the GST Amnesty Scheme as per Section 128A, which provides waivers for penalties related to late GST submissions. Understand the criteria for eligibility, the advantages, and the detailed steps for applying prior to the deadline of March 31, 2025.
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Last Notice! Alert from the Income Tax Department: Submit your ITR for AY 2023-24 by March 31, 2025 - Avoid Higher Taxes and Interest!
This important reminder highlights the crucial deadline of March 31, 2025, for submitting your ITR for AY 2023-24. Discover the penalties associated with late submissions, typical errors to steer clear of, and a detailed guide to help you file your tax return promptly.
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Section 142(1) Income Tax Notice: Why You Received It & How to Respond
This blog offers a comprehensive explanation of Section 142(1) of the Income Tax Act, 1961, detailing the reasons for the issuance of notices, the appropriate ways to respond, and the repercussions of failing to comply. Discover how to effectively handle tax notices and maintain adherence to tax regulations.
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Navigating the GST Waiver Program: An All-Inclusive Guide to SPL 01, SPL 02, DRC-03, and Frequently Encountered Problems
This blog offers a comprehensive overview of the GST Waiver Scheme, highlighting key forms such as SPL 01 and SPL 02, along with alternative payment options like DRC-03 and DRC-03A. It also discusses frequent technical challenges encountered on the GST portal and outlines significant deadlines for tax payments and waiver applications.
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Mandatory ISD Registration Under GST from April 1, 2025: Who is Affected?
This blog offers a detailed examination of the compulsory ISD registration under GST, which begins on April 1, 2025. It discusses the importance, the registration procedure, and the effects on businesses. Keep yourself updated and compliant with this thorough guide.
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GST Rules for Casual and Non-Resident Taxpayers: A Detailed Comparison
This blog offers an in-depth comparison between Casual Taxable Persons (CTP) and Non-Resident Taxable Persons (NRTP) within the framework of GST. It discusses their definitions, registration procedures, compliance obligations, Input Tax Credit (ITC), and operational characteristics for both groups. Stay updated and adhere to regulations with this all-encompassing guide.
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Intimation Notice Under Section 143(1): What It Means and How to Respond
This blog offers a detailed overview of the Intimation Notice as per Section 143(1) of the Income Tax Act. It outlines the various types of notices, what they include, their significance, and the actions to take when you receive one. Follow this thorough guide to ensure compliance and address any discrepancies.
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Act Now! March 31, 2025, is the Last Date for Section 43B(h) Compliance
Section 43B(h) requires MSMEs to make timely payments for tax deductions. Businesses must comply by March 31, 2025, or face financial consequences. Learn about the consequences and procedures for compliance.
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Avoid These 10 Costly Errors When Filing Your GST Returns
Businesses must appropriately file GST returns in order to avoid fines and compliance problems. The top ten typical errors committed while completing a GST return are highlighted in this blog, including late filings, mismatched ITC claims, and inaccurate invoice data. Find out how to avoid these mistakes and guarantee smooth GST compliance.
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In order to draft new rules and forms for the 2025 income tax bill, CBDT is seeking input from stakeholders.
The CBDT is seeking stakeholder input as it drafts new Income Tax Rules and Forms for the Income Tax Bill, 2025. This blog discusses the relevance of the consultation, main emphasis areas, and how stakeholders may help build a more efficient tax system.