How to Find the Best Income Tax Advisor for Your Business in Delhi, India
Running a successful business in Delhi involves more than just growing revenue or expanding operations—it requires meticulous financial planning, especially in taxation. With India’s ever-evolving tax landscape, finding the best income tax advisor in Delhi can help your business stay compliant, avoid penalties, and maximize its
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Section 74 GST Notices for Small Value Demands – A Practical Analysis
Introduction The Goods and Services Tax law provides a detailed mechanism for recovery of taxes like those either not paid, short paid, or wrongly availed of input tax credit. For ensuring such robust framework in terms of safeguarding revenue, Section 74 of the CGST Act, 2017
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Section 194T: New TDS Rules for Firms and Partners (Effective 1 April 2025)
1. IntroductionThe Finance Act, 2024 introduced a brand-new section i.e. Section 194T, which comes into effect from 1 April 2025 (Financial Year 2025–26 onwards). This provision requires every firm or LLP to deduct TDS on certain payments made to its partners.Till now, payments such as remuneration
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15 Basic Concepts of GST Composition Scheme at a Glance
The Goods and Services Tax (GST) regime introduced the Composition Scheme as a relief mechanism for small taxpayers, aimed at reducing their tax liability and easing compliance. It allows eligible registered persons to pay tax at a fixed prescribed rate of turnover and follow simplified return
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E-Way Bill under GST: Rules, Penalties, Challenges & Case Laws
The introduction of the Goods and Services Tax (GST) in India aimed to unify the indirect tax regime and streamline the movement of goods across states. One of the significant reforms introduced to curb tax evasion and enhance transparency in transportation was the E-Way Bill system,
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Can a GST Credit Note Be Issued for Returned Export Goods After Claiming IGST Refund?
In the course of international trade, there arise times when the goods supplied from India to overseas buyers may return due to various reasons such as defective quality, wrong shipment, mismatch in specification, cancellation of order, non-receipt of payment, buyer’s non-acceptance, or any commercial impossibility. These
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