Here are the GST compliance changes in 2025 that businesses should know December 26, 2024by Pooja Gupta Rate this post India’s Goods and Services Tax (GST) regime will undergo significant compliance updates in 2025, introducing stricter measures to enhance digital security, streamline processes, and improve transparency. These updates include mandatory [...]

Important GST & Income Tax changes applicable from 1 Jan 2025 December 27, 2024by Pooja Gupta Rate this post With the dawn of a new year, several significant changes in GST and Income Tax are set to take effect from January 1, 2025. These changes, aimed at streamlining compliance and [...]

Credit Note Under GST: Changes Announced in the 55th GST Council Meeting December 29, 2024by Pooja Gupta Rate this post A credit note is a crucial document under GST that allows suppliers to rectify specific discrepancies in the original tax invoice. The 55th GST Council meeting brought significant changes to [...]

GST Portal made Live New form SPL 02: Advisory for Waiver Scheme Under Section 128A December 29, 2024by Pooja Gupta Rate this post WAIVER SCHEME UNDER SECTION 128A For reducing the tax disputes and to provide a big relief to the taxpayers, GST Council in its 53rd meeting held on [...]

2025 personal finance updates: Key changes in UPI, visa, EPFO, credit card, FD, and others December 30, 2024by Pooja Gupta Rate this post As the New Year 2025 approaches, it brings with it new changes in areas such as fixed deposit rules, credit card benefits, visa regulations, and more, all [...]

New GST Circulars to clarify issues related to Vouchers, Online Services, Input Tax Credit January 5, 2025by Pooja Gupta Rate this post On December 31, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued a series of circulars addressing critical issues under the GST regime. These circulars provide [...]

Biometric Aadhaar Authentication for new GST Registration active in 27 states from 2025, 1 more states added January 5, 2025by Pooja Gupta Rate this post Do you wants to start a new business or already doing business and now wants to apply for the GST Registration then you must aware [...]

GST Treatment of Vouchers: Circular No. 243/37/2024 January 5, 2025by Pooja Gupta Rate this post On December 31, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 243/37/2024-GST to address several ambiguities surrounding the GST treatment of vouchers. The circular aims to ensure uniform implementation across [...]

Clarification on Input Tax Credit (ITC) for Goods Delivered Under Ex-Works (EXW) Contracts January 5, 2025by Pooja Gupta Rate this post On December 31, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 241/35/2024-GSTto address ambiguities regarding the availability of input tax credit (ITC) for goods [...]

Clarification on Input Tax Credit (ITC) for Electronic Commerce Operators (ECO) January 5, 2025by Pooja Gupta Rate this post On December 31, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 240/34/2024-GST to address issues regarding the reversal of Input Tax Credit (ITC) by Electronic Commerce [...]