# ret
10 posts in `ret` tag
6 Digit HSN Code Mandatory GST E-Invoices From Dec 15, 2023
Starting December 15, 2023, a new rule requires businesses with an Annual Aggregate Turnover (AATO) of Rs. 5 crores or more to include a minimum 6-digit Harmonized System of Nomenclature (HSN) code in their electronic invoices for Goods and Services Tax (GST).
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By Krishna
FM Sitharaman Exposes 21791 Fake GST Registrations Tax Evasion
Sitharaman reported that a total of 21,791 entities with GST registration, split between state tax and CBIC jurisdictions, were found to be non-existent.
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By Krishna
GST Department Special Drive Identifies 21791 Falsified Registrations
Finance Minister Nirmala Sitharaman revealed on Tuesday that a special two-month drive by GST officers has deciphered 21,791 instances of fraudulent GST registrations and suspected tax evasion amounting to over 24,000 crore.
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By Krishna
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Income Tax Act Section 139(4) Guide Filing Belated Returns
A belated return is when an individual fails to file their income tax return by the original due date of 31st July each year and submits it afterward but before 31st December of the same year.
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By Krishna
File Belated Income Tax Returns FY23 December 31
Late submission of an income tax return (ITR) incurs penalties. Individuals filing their ITR after the due date will be charged a late fee of Rs 5,000, along with applicable interest.
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By Krishna
Newly Introduced Discard Income Tax Return Feature Advantages
The “Discard” ITR option on the Income Tax Department's website allows taxpayers to permanently delete their filed tax returns. Once discarded, the return can not be retrieved by the taxpayer.
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By Krishna
Tax Deadline File Updated Return Assessment Year 2021 2022
The Income Tax Department reminds taxpayers of the approaching deadline to file the Revised Income Tax Return (ITR) for the Assessment Year 2021-2022.
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By Krishna
Guide to the Duty Drawback Scheme under the GST Act 2017
A Comprehensive Guide to the Duty Drawback Scheme under the GST Act 2017: Exploring Various Provisions
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By Krishna
Income Tax Calendar for December 2023: Key Deadlines You Should Not Miss This Month
All taxpayers must be mindful of important deadlines related to their income tax responsibilities. December 2023 presents several key dates that require attention.
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By Krishna
Tax Deadline Reminder: File Your Updated Return for Assessment Year 2021-2022
The Income Tax Department reminds taxpayers of the approaching deadline to file the Revised Income Tax Return (ITR) for the Assessment Year 2021-2022.
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By Krishna