Advisory to file pending returns before expiry of three years (GST Updates 9th Sept 2025)
As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years from the due date of furnishing the said return under Section 37…
Lean Systems Demystified: Meaning, Types, Benefits, and Global Examples You Must Know
Introduction to Lean Systems Lean System is a management philosophy focused on creating the most value for customers while minimizing waste—a principle that originated from the renowned Toyota Production System123. Imagine organizing your kitchen: you remove unused gadgets, keep essential tools handy, and arrange items to cook faster without any unnecessary steps. That’s Lean in…
Handling of Inadvertently Rejected records on IMS (FAQs)
Question 1: How can a recipient avail ITC of wrongly rejected Invoices/ Debit notes/ECO-Documents in IMS as corresponding GSTR-3B of same tax period was also filed by recipient? Answer: In such cases recipient can request to the corresponding supplier to report the same record (without any change) in same return period’s GSTR-1A or respective amendment table…
आपके सोशल मीडिया अकाउंट्स, डिजिटल तस्वीरें और डेटा: पहले से तय करें कि इन डिजिटल संपत्तियों का उत्तराधिकारी कौन होगा
आज के डिजिटल युग में, हमारी डिजिटल संपत्तियाँ – जैसे सोशल मीडिया अकाउंट्स, ईमेल, क्लाउड स्टोरेज में तस्वीरें और दस्तावेज़ – हमारे जीवन का अहम हिस्सा बन चुकी हैं। इस लेख में बताया गया है कि इन संपत्तियों की उत्तराधिकार योजना बनाना क्यों ज़रूरी है और इसके लिए क्या कदम उठाने चाहिए। मुख्य बिंदु: निष्कर्ष:…
Summary of Ministry of Corporate Affairs Announcement on Corporate governance & CSR
Summary of Ministry of Corporate Affairs Announcement 1. Strengthening Corporate Governance and Transparency: The Companies Act, 2013, contains provisions for ensuring corporate governance and transparency in company management. It mandates compliance through key managerial personnel, the Board of Directors, and shareholders. 2. Maintenance and Disclosure Requirements: Companies are required to maintain financial records, returns, and…
Gujarat High Court Rules on Deloitte’s Challenge to Income Tax Reassessment Notice
Gujarat High Court Rules on Deloitte’s Challenge to Income Tax Reassessment Notice Key Highlights: Petitioner: M/s. Deloitte Haskins & Sells Issue: Challenge to Section 148 notice under Income Tax Act, 1961 Allegation: Escaped income from foreign entities (Spain & Japan) Claim: Reassessment initiated without new tangible material Court’s View: Reassessment cannot be based on a…
Enhancements in Biometric Functionality for Directors (GST updates)
Date: March 3, 2025 The GST Network (GSTN) has introduced a new facility allowing certain Promoters/Directors of businesses to complete their Biometric Authentication at any GST Suvidha Kendra (GSK) in their Home State, instead of only at the jurisdictional GSK. Who Can Avail This? Applicable to Promoters/Directors listed in the Promoter/Partner tab for the following…
Mandatory HSN codes in GSTR -1/1A from Jan 2025 II GST Advisory 09 Jan 2025
https://youtu.be/Ghbm2EsJJ9c?si=xf-jdBFsQGP9E892 *Jan 9th, 2025* After successful implementation of Phase-I & Phase-II now : 👉Phase-III regarding Table 12 of GSTR-1 & 1A is being implemented, from return period January 2025. 👉Manual entry of HSN has been replaced by choosing correct HSN from given Drop down. 👉Table-12 has been bifurcated into two tabs namely B2B and B2C,…
Ministry of Corporate Affairs : Year End Review-2024
Prime Minister Internship Scheme Launched to Provide 1 Crore Internships in Top Companies Over Five Years Successful Migration of MCA21 from Version 2 to Version 3 for Streamlined Compliance Jan Vishwas Initiatives Simplify Share Transmission and Lost Share Certificate Processes, Eliminates Surety Requirements for Duplicate Physical Security Certificates IEPFA Launches Enhanced Grievance Redressal Mechanism with…
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