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Income Tax

Aadhaar Mandatory for PAN Application from 1 July 2017...

Aadhaar Mandatory for PAN Application from 1 July 2017

In the past few days, the Government has made numerous announcements regarding Aadhaar and PAN, like making Aadhaar mandatory for IT Returns, linking Aadha...

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NBFC

NBFC Asset Classification

NBFC Asset Classification-min

The RBI clarified income recognition, asset classification, and provisioning criteria for banks, NBFCs, and all-India financial institutions in a note as p...

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Income Tax Taxation

Income recognition norms for NPAs

Income recognition norms for NPAs

Financial institutions categorize loans and advances in default or arrears as non-performing assets (NPAs). Debt is in arrears when the principal or intere...

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GST

Is it Possible to Revise GSTR-3B?

Is it Possible to Revise GSTR-3B?

GST stands for Goods and Services Tax, which is levied on goods sold for domestic use. A value-added tax known as GST was implemented by the Constitution o...

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GST

Amendments of Details in GSTR-1 and Error Messages

Amendments of Details in GSTR-1 and Error Messages

With the advent of GST, many regulations and compliances have been introduced for taxpayers. Some may find it complicated to follow such complex regulation...

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GST

Items not covered under GST

Items not covered under GST

The Goods and Services Tax went into implementation in India on July 1, 2017. But the process of putting in place the new tax system started a long time ag...

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GST

Special Economic Zone (SEZ) – GST and EWB Application...

Special Economic Zone (SEZ) – GST and EWB Applications in Brief

The Indian government started a policy in a few regions with a few unique regulations for import and export companies. There will be no customs duty, excis...

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GST

Simplification of Indirect Taxes under GST Regime

Simplification of Indirect Taxes under GST Regime

One of the most significant fiscal reforms to ever take place in our nation is the GST. This fundamental shift in the indirect tax structure had a huge imp...

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