Income Tax Act 1961

Two recent GST case law developments have significantly favored the assessee in matters concerning Input Tax Credit (ITC). These cases highlight crucial interpretations of the GST Act provisions and are…

Under the Income Tax Act of India, the late fee for not filing the TDS (Tax Deducted at Source) return is levied at ₹200 per day until the return is…

When filing GST returns, businesses often encounter several pitfalls. Avoiding these common mistakes is crucial for compliance and to prevent unnecessary penalties: Incorrect or Incomplete Information: Ensure all details, such…

GST (Goods and Services Tax) on international transactions in India is determined by the nature of the transaction:- Export of Goods and Services: GST is not levied on the export…