GST

📌 Revised Capital Gains Tax Rates & Exemptions 🔹 Short-Term Capital Gains (STCG) Equity shares and mutual fund units sold within 12 months will now be taxed at 20% (previously 15%). 🔹 Long-Term Capital Gains (LTCG) Gains on equity assets held for more than 12 months will now be taxed at 12.5% (previously 10%). The […]

Introduction The GST Network has introduced a significant update for unregistered dealers involved in the transportation of goods. Effective February 11, 2025, Form ENR-03 allows unregistered persons to enroll in the E-Way Bill (EWB) portal to generate e-Way Bills. This is in line with Notification No. 12/2024, dated July 10, 2024. With this update, unregistered

Introduction The Indian government has introduced new GST registration rules for 2024 to ensure transparency and reduce tax fraud. These changes affect new businesses, e-commerce sellers, and high-risk industries. Understanding these rules is crucial to avoid penalties and registration delays. In this blog, we will break down the new GST registration rules in an easy-to-understand

The e-commerce sector in India has witnessed remarkable growth, bringing with it various tax implications, particularly under the Goods and Services Tax (GST) regime. Understanding GST provisions applicable to e-commerce businesses is crucial to ensuring compliance and avoiding penalties. This blog outlines key regulations, compliance requirements, and challenges faced by e-commerce operators and sellers. 1.

In today’s digital age, cybercriminals are constantly coming up with new ways to target taxpayers, and GST-related phishing scams have become a major concern. Fraudsters often use fake emails, SMS, and websites to deceive taxpayers into sharing sensitive information, such as GST login credentials and bank details. Understanding these scams and taking preventive measures is

The Income Tax Department of India has launched a new tax calculator to help taxpayers compare their tax liability under the New Tax Regime for FY 2024-25 and FY 2025-26 (post Budget 2025 changes). This free and official tool allows individuals to check how the latest Budget 2025 tax proposals impact their taxes. If you’re

  The Goods and Services Tax (GST) on renting of commercial property is an important topic for property owners, businesses, and tax consultants alike. With changing GST norms and compliance requirements, understanding the taxability, the responsibility for paying GST, and the eligibility for Input Tax Credit (ITC) is crucial. Here, we break down the key

The Central Board of Indirect Taxes and Customs (CBIC) has recently announced a significant relief for taxpayers by waiving the late fee for filing Form GSTR-9 and GSTR-9C for the financial years 2017-18 to 2022-23. This move aims to ease compliance burdens and encourage timely filing of annual returns and reconciliation statements. What are Form

The Supreme Court of India has recently taken a strong stance against the failure of the Goods and Services Tax (GST) Department to address the issue of fake invoicing, which has adversely affected genuine purchasers. The Apex Court recognized the issuance of fictitious GST invoices as a recurring problem that impairs businesses that have made