All Blogs
Are you doing business? Know, when GST registration is required?
Are you doing business? Know, when GST registration is required?
The GST Act provides that every supplier of goods or services or both who has an aggregate turnover of more than Rs. 20 lakhs in a year (Rs.10 lakhs in Special Category States) have to obtain GST registration.However if the supplier is supplying goods only, then threshold limit will be...
Read More
Types of Goods & Service Tax (GST)
Types of Goods & Service Tax (GST)
GST is regarded as India's most significant indirect tax reform. The GST Bill's principal goal is to create a single tax system that applies from the manufacturing stage to the delivery of products or services to the final consumer. It's a single tax that includes a full set-off for taxes...
Read More
Types of GST Returns & penalties if return not filed
Types of GST Returns & penalties if return not filed
All registered individuals, traders, organizations, and companies registered under GST have to furnish the details of their sale & purchase of goods and services along with details of GST paid & collected. Such details are submitted by filing GST returns. The return is basis on which GST authorities compute tax...
Read More
Input Tax Credit (ITC) under GST !!!
Input Tax Credit (ITC) under GST !!!
One of the fundamental features of GST is the seamless flow of input credit across the chain (from the manufacture of goods till it is consumed) and across the country.Input Tax Credit under GST is a credit which is available to supplier to set off the taxation he has paid...
Read More
ITR filing due date extended in certain cases for AY 2025-26
ITR filing due date extended in certain cases for AY 2025-26
The Income Tax Department has extended the due date to file income tax return for FY 2024-25 (AY 2025-26) from July 31, 2025, to September 15, 2025.The decision was made after a delay in issuing the notification of income tax return forms. Further, the income tax department is yet to...
Read More
Excel utilities for ITR-1 & ITR-4 launched for AY 25-26
Excel utilities for ITR-1 & ITR-4 launched for AY 25-26
The Income Tax Department has released updated Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for the Assessment Year 2025–26 (Financial Year 2024 –25), incorporating critical compliance and disclosure changes aligned with the Finance Act, 2024.These utilities, available on incometax.gov.in, are intended for salaried individuals, Hindu Undivided Families (HUFs), and...
Read More
