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There are various amendments in the tax rules effective from 1st April 2022, where I would discuss the new tax rules on EPF interest, Taxation of Virtual Digital Assets, Filing of Updated IT Return, and Tax relief on Covid-19 treatment expenses and compensation. Updated ITR Filing Before that, one will have a window of 5 […]
The ministry of Corporations has upgraded the present version of the portal from Version 2 to Version 3 rolled out on 8 March 2022. This article describes the method to login on MCA V3 Portal to file various forms of LLP with the registrar. What is the Method to Login in LLP V3 Portal on […]
With effect from date FY 2020-21, a person has the choice to carry on with the existing income tax regime and claim the existing tax deductions and exemptions, or opt for the new tax regime and let go of 70 tax deductions and exemptions like sections 80C, 80D, tax exemption on HRA, LTA, and others. […]
The Central Board of Indirect Taxes and Customs (CBIC) provides the guidelines of the scrutiny for GST, towards the first two years of the new indirect tax regime, it is a plan to eliminate the chance of leakages and increase the collections. CBIC provides the expressive list of parameters, which recommends that there was another […]
Madras High court consists of Justice C. Saravanan ruled that the GST department can carry on the service of the physical copy of the notice via registered post, speed post, or courier with acknowledgement to the taxpayer at their known place of business or residence and upload the notice on the web portal. Once all […]
State ministers are ready to recommend the amendments to the GST rate framework might ask for the single 15% levy via integrating the 12% and 18% slabs, however, aware of proposing the rise in the limit rate to 8% from 5%, provide rising inflation concerns. The group of ministers (GoM) seems to meet this week […]
Due to the rise in the cost of aviation turbine fuel (ATF), the domestic airline player Indigo mentioned that its operations are being impacted and has asked for bringing the jet fuel beneath the GST. The enduring conflict between Russia and Ukraine leads to a straight rise in the prices of crude oil. Post to […]
The Madras High Court has held that the DRC-01 notice beneath Section 74(1) of the CGST Act should be given prior to passing the assessment order. Justice R. Suresh Kumar remitted the case to the respondent/department for further consideration and directed the department to issue a DRC-01 notice to the petitioner and important orders would […]
India supports the global electric vehicle (‘EV’) 30@30 campaign. By 2030, the country is seeking to have at least 30% of new vehicle sales. There is a need for an accessible and robust network of EV charging infrastructure to address the mentioned ambitious target. The functioning of an EV relies on the battery installed in […]
