Income from House Property – Tax Rules (April 2025) – A Complete Guide
Income from House Property – Tax Rules (April 2025) – A Complete Guide Admin May 7, 2025 Owning a house property can be both rewarding and complex from a tax perspective. Whether you earn rental income or live in your own home, understanding the latest tax rules (effective April 2025) is essential for accurate tax […]
GST Rate on Used Vehicles : Standardized Rules & Implications
Buying or selling a used vehicle in India involves understanding the Goods and Services Tax (GST) implications. The government has introduced standardized rules to bring transparency and uniformity to the taxation of pre-owned cars, bikes, and other vehicles. How Does GST Apply to Used Vehicles? Under GST, the sale of used vehicles is treated […]
E-Way Bill Conditions in 2025: What Businesses Need to Know
E-Way Bill Conditions in 2025: What Businesses Need to Know Admin April 25, 2025 The E-Way Bill (EWB) system plays a crucial role in the transportation of goods under India’s Goods and Services Tax (GST) framework. It ensures transparency in the movement of goods, reduces tax evasion, and streamlines supply chain operations. As we move […]
Input Tax Credit (ITC) Filing Rules & Tips for 2025
Input Tax Credit (ITC) Filing Rules & Tips for 2025 Admin April 21, 2025 Input Tax Credit (ITC) is a fundamental feature of the GST regime, allowing businesses to reduce their tax liability by claiming credit for taxes paid on purchases. However, with evolving GST regulations, staying updated on ITC rules is crucial. Here’s a […]
Composite Supply vs Mixed Supply Under GST: Key Differences
Composite Supply vs Mixed Supply Under GST: Key Differences Admin April 12, 2025 Goods and Services Tax (GST) classifies supplies into different categories, including Composite Supply and Mixed Supply. Understanding these concepts is crucial for businesses to determine the correct GST rate and ensure compliance. 1. What is a Composite Supply? A Composite Supply consists of two or […]
How to Solve Common GSTR-1A Errors: Essential Tips
How to Solve Common GSTR-1A Errors: Essential Tips Admin March 31, 2025 GSTR-1A is a critical part of the GST filing process that deals with amendments or corrections in the previously filed GSTR-1 returns. It comes into play when the recipient of goods or services (i.e., the buyer) identifies discrepancies in the GSTR-1 filed by […]
How to Properly Create an Exempted GST Invoice
How to Properly Create an Exempted GST Invoice Admin March 15, 2025 Under the Goods and Services Tax (GST) regime in India, certain goods and services are exempted from GST, meaning no tax is levied on them. Businesses must still issue invoices for exempted goods or services, but these invoices will not include any GST […]
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. […]