Knowledge Centre

Filing GST refund applications just got more structured. An important announcement was made by GSTN (Goods and Services Tax Network) regarding the filing of Annexure B with the refund applic…

GST and e-commerce compliance are mandatory for online sellers and marketplace operators in India. Common compliance errors include incorrect GST registration, wrong invoicing, TCS mismatche…

The Indian Government announced the Goods and Services Tax (GST) on July 1, 2017. The reason for introducing it is to replace the multi-tax system in India. It is an indirect tax that affect…

Cancellation of GST registration means officially closing your GSTIN on the GST portal so that you are no longer considered a registered taxpayer under the Goods and Services Tax law.

The 56th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman in New Delhi, focused on lowering tax rates on important items, supporting small businesses and presenting …

Form ITR-V stands for Income Tax Return – Verification. It is a one-page acknowledgement issued by the Income Tax Department when a return is filed online without a digital signature or Aadh…

GST and taxation compliance refers to the process of following the rules and regulations laid down by the government about indirect taxes, primarily under the Goods and Services Tax (GST) la…

In India, the Cost Audit Report (CRA-4) is a compulsory filing for industries that crosses a particular criteria, and it should be provided with the help of the e-Form CRA-4 to the Ministry …

GST compliance simply refers to adherence to the principles of the Goods and Services Tax system. The Goods and Services Tax system assists in collecting taxes on goods and services sold wit…

In India, the Goods and Services Tax (GST) has revolutionized the indirect tax. Its compliance mechanism for businesses has been quite simpler.

The Central Board of Direct Taxes, in the Income-tax (Second Amendment) Rules, 2025, brings about important amendments to the Income-tax Rules, 1962.

The Indian Income Tax Act has witnessed critical amendments as Section 115BAC was brought into the Finance Act 2020. The section has provided individual taxpayers and Hindu Undivided Familie…

Taxes are the backbone of any nation's economy to provide funds for public service and infrastructure. In India, there is a complex tax system it is divided into two kinds of taxes: direct a…

Complying with the tax system will be crucial for all sole proprietors. The simple business structure makes it very easy to fall behind on taxes.

In India's GST system, maintaining proper records is always quite important. GSTR-1 shows the sales. GSTR-3B indicates a summary of tax payable.

Since July 2017, the Goods and Services Tax (GST) has transformed the way goods and services are taxed in India. Several indirect taxes have been merged into one singular tax through GST.

Taxation of F&O (futures and options) in India is a term that refers to the legal principles and policies of levying duty on earnings and losses resulting from transactions carried out with …

Section 194Q TDS of the Income Tax Act, ensures the collection of tax at source on major business transactions and enhance compliance and transparency within the taxation system.

The Income Tax Act of 1961 role, as laid out, is a broad enactment that the Indian government executed to guide on the income evaluate in the nation.

An intimation under Section 143(1) of the Salary Tax Act is a notice sent by the Income Tax Department (ITD) after your Income Tax Return (ITR) has been handled.