The CBIC has clarified ITC eligibility for e-commerce operators (ECOs) under Section 9(5) of the CGST Act, 2017. ECOs can claim ITC for inputs and services directly linked to taxable supplies, excluding items restricted under Section 17(5), with proper documentation and compliance. This guidance aims to reduce disputes, simplify compliance, and enhance transparency, though challenges like input segregation persist, promoting a more compliant e-commerce ecosystem.

This blog explores the substantial shifts in international tax laws and how they affect businesses, people, and the economy as a whole. Reduced corporate tax rates, changes to personal income tax brackets, and international tax reforms such as BEPS and digital taxes are some of the main areas of focus. The article delves deeper into the wider economic ramifications, encompassing the difficulties in upholding fiscal equilibrium and tackling income disparity.

Filing your income tax return can be a daunting task, but by avoiding these 10 critical mistakes, you can ensure a smooth and stress-free filing experience. From missing the tax filing deadline to claiming ineligible deductions, these common errors can lead to delays, penalties, and even audits. Take the time to review your return carefully and avoid these costly mistakes.

This blog delves into the intricacies of GST refunds, outlining the challenges businesses face and providing actionable strategies to expedite the refund process. From maintaining accurate records to leveraging automation and technology, readers will gain valuable insights into streamlining their refund claims and enhancing cash flow management.

This blog delves into the intricate details of Form 16 and Form 26AS, highlighting their respective roles in income tax filing. It offers comprehensive insights into the content, issuer, and utilization of these essential documents, empowering readers to navigate the tax filing process with confidence.