GST Compliance Changes You Must Know
GST Compliance Changes You Must Know Admin February 27, 2025 GST Compliance Changes You Must Know GST compliance regulations are frequently updated to enhance tax administration, reduce fraud, and simplify procedures. Here are some key GST compliance changes you should be aware of in 2025: E-Invoicing Expansion The mandatory e-invoicing threshold has been reduced. Businesses […]
GOODS AND SERVICES TAX (GST) FRAMEWORK
GOODS AND SERVICES TAX (GST) FRAMEWORK Admin February 25, 2025 Goods and Services Tax (GST) framework In 2025, India’s Goods and Services Tax (GST) framework is undergoing significant changes to enhance security, streamline processes, and improve transparency. Here’s a comprehensive overview of the key compliance updates: 1. Mandatory Multi-Factor Authentication (MFA) To bolster the security […]
BUSINESS
BUSINESS Admin February 22, 2025 Business refers to any organization or entity that engages in commercial, industrial, or professional activities with the goal of earning a profit. At its core, a business is created to provide goods or services that meet the needs or desires of consumers, while generating revenue for its owners, employees, and […]
Mandatory Multi-Factor Authentication (MFA) for GST Portal Access
Mandatory Multi-Factor Authentication (MFA) for GST Portal Access Admin February 22, 2025 The Goods and Services Tax (GST) has had a profound effect on various industries across India, including the real estate sector. Introduced in 2017, GST sought to streamline taxation and create a unified market for goods and services. However, its implications for real […]
GST Registration Updates: Latest Changes and What You Need to Know
GST Registration Updates: Latest Changes and What You Need to Know Admin January 30, 2025 The Goods and Services Tax (GST) framework in India undergoes periodic updates to streamline tax compliance, improve efficiency, and curb tax evasion. Staying informed about these changes is crucial for businesses and individuals to ensure compliance and optimize tax benefits. […]
HSN WISE – GST BILLS
GST RATE CHANGES FOR VARIOUS SECTORS (DUPLICATE) (DUPLICATE) Admin January 28, 2025 HSN codes are standardized international codes used to classify goods systematically. In GST, these codes: Facilitate global trade by aligning with international standards. Help in identifying applicable GST rates for goods and services. Reduce classification disputes during audits or assessments. Latest Updates on […]
GST RATE CHANGES FOR VARIOUS SECTORS
GST RATE CHANGES FOR VARIOUS SECTORS Admin January 22, 2025 The GST Council has introduced notable changes to tax rates across multiple sectors as part of its ongoing efforts to streamline the taxation framework, address anomalies, and support emerging industries. These changes, aimed at boosting economic growth and ensuring fairness in taxation, have significant implications […]
Revised Filing Deadlines for GST Returns in December 2024
Revised Filing Deadlines for GST Returns in December 2024 Admin December 13, 2024 As businesses close out the year, staying on top of Goods and Services Tax (GST) compliance is critical to avoid penalties and ensure a smooth financial transition into the new year. December 2024 has brought updates regarding revised GST filing deadlines, with […]
GST Updates on Luxury Goods: Key Changes for December 2024
GST Updates on Luxury Goods: Key Changes for December 2024 Admin December 9, 2024 The Goods and Services Tax (GST) framework in India is set to undergo notable changes, particularly targeting luxury goods. These adjustments are part of the government’s efforts to balance revenue generation with affordability and align taxation policies with consumer segments. Here’s […]
GST on Rental Services: Understanding the Latest Clarifications
GST on Rental Services: Understanding the Latest Clarifications Admin December 7, 2024 The Goods and Services Tax (GST) applies to a broad spectrum of services, including rental income from leasing or letting immovable property. Recent clarifications by the GST Council and tax authorities have shed light on how rental services are taxed, addressing common doubts […]