This blog post outlines the critical E-Way Bill compliance rules for 2025, detailing mandatory thresholds, validity periods, and filing procedures (Form GST EWB-01). Learn how to avoid hefty penalties of ₹10,000 or more by adhering to these updated regulations, including insights on interstate vs. intrastate applicability, and new rules regarding generation and extension limits. Discover how MYITRONLINE can help your business navigate these complexities.

The GSTN has rolled out crucial Phase-III changes to GSTR-1/1A Table 12, effective from April/May 2025. Key updates include the bifurcation of Table 12 into separate B2B and B2C sections, mandatory HSN/SAC code selection via dropdowns, and the introduction of value validations (initially in warning mode). This summary details these modifications, their impact on taxpayers based on AATO, and essential preparation steps to ensure smooth compliance.

The recent Infosys GSTN update has made it mandatory to include a consolidated HSN (Harmonized System of Nomenclature) summary for all B2C (Business-to-Consumer) transactions in GSTR-1 filing. Earlier applicable mainly to B2B and high-value B2CS invoices, this significant change now requires businesses to classify and report even small B2C sales by HSN code. The update aims to improve transparency, data accuracy, and tax compliance. This blog details the key implications for businesses, steps for reporting the B2C HSN summary in Table 12 of GSTR-1, HSN digit requirements, and best practices to ensure seamless compliance under the new GST regime.

This blog post serves as a complete and detailed guide for businesses and individuals to understand Section 194C of the Income Tax Act, 1961. It explains TDS obligations on payments to contractors, outlines applicable rates and thresholds, and most importantly, teaches how to correctly report these deductions in your Income Tax Return (ITR). From verifying Form 26AS and AIS to avoiding mismatch notices, this article helps you ensure compliance, avoid scrutiny, and maintain a clean tax record.

This blog explores the crucial role of Tax Identification Numbers (TINs) in global tax systems. It explains what a TIN is, its significance, where and how it is used, how to apply for one, and the ways to verify its authenticity. Designed for individuals and businesses alike, it highlights why accurate TIN usage is vital for efficient tax compliance and administration.

The CBDT has notified IRFC's Ten-Year Zero Coupon Bonds under the Income Tax Act, potentially making the maturity proceeds tax-exempt under Section 10(15)(iv)(h). This offers a significant tax advantage for long-term investors compared to non-notified bonds.

This blog post provides a detailed analysis of the recent GST Advisory concerning the Appeal Withdrawal Waiver Scheme. It explains the scheme's purpose, highlights the significance of the advisory, outlines the expected key points including eligibility and procedure, details the implications of withdrawal, and offers actionable steps for taxpayers considering this option to resolve pending GST disputes.

This blog post provides an in-depth guide on navigating GST refunds for recipients of deemed exports, drawing insights from recent GSTN advisories. It covers the definition of deemed exports, the importance of GSTN guidance, the step-by-step refund filing process, essential documentation, common challenges, and how to stay updated.

This blog post provides a detailed analysis of the newly introduced invoice-wise reporting feature in Form GSTR-7 under GST. It explains the changes, benefits for both deductors and deductees, the current implementation status, and how businesses can prepare for this significant update in TDS reporting.

This post details the taxation rules for capital gains from shares and equity mutual funds in India for FY 2024-25 (AY 2025-26). It explains the crucial changes effective July 23, 2024, including updated STCG and LTCG tax rates, revised exemption limits, holding period classifications, dividend taxation, and reporting requirements in ITR forms.

The CBIC has notified the GST Appellate Tribunal (Procedure) Rules, 2025, effective April 24, 2025. These rules establish a detailed framework for the GSTAT, emphasizing mandatory e-filing via a dedicated portal, allowing hybrid hearings, and setting clear timelines. Key features aim to streamline GST dispute resolution, ensuring transparency, efficiency, and faster processing of appeals, thereby reducing the burden on High Courts and boosting taxpayer confidence.

This post explains Short-Term Capital Gains (STCG) tax in India for 2025 (FY 2024-25 & 2025-26). It defines capital assets, details holding periods for STCG classification (e.g., <=12 months for listed equity, <=24 months for property, <=36 months for others), explains STCG calculation, outlines tax rates (15% under Sec 111A for STT-paid equity/EOF vs. slab rates for other assets), and covers loss set-off/carry forward rules and ITR reporting.