Common Reasons for GST Notices, Sending & Compliance GST notices are official communications issued by GST authorities for reasons such as non-filing of returns, discrepancies, ITC mismatches, or other compliance issues. They require timely responses to avoid penalties or adverse actions. GST is based on self-assessment and self-certification, requiring taxpayers to comply proactively. Notices under …
All about the Latest GST Amendments for FY 2024–25 & FY 2025–26 GST is firmly moving towards real-time compliance, system-driven checks, and accountability. Businesses must shift from reactive filing to continuous compliance monitoring. The government has introduced far-reaching reforms in the GST framework for FY 2025–26, aimed at improving ease of doing business, tax governance, digital security, …
Overview of CBDT’s Warning Fraudulent Deduction Claims on Donations CBDT has launched a press release as part of an awareness campaign to combat fraudulent deduction claims in income tax returns, particularly those u/s 80GGC (donations to political parties) and 80G (donations to charitable institutions). This targets bogus claims filed through intermediaries who issue fake receipts …
Post-incorporation Compliance of Indian Pvt Ltd company Brief Introduction Getting the Certificate of Incorporation is only the starting point; the company and its directors must thereafter comply with a series of post‑incorporation and annual requirements. Non‑compliance can lead to monetary penalties, disqualification of directors, and even striking off of the company, so understanding timelines and …
Company formation in Dubai related Regulatory Requirements Dubai allows IT companies including those engaged in software development, IT services, hardware trading, import/export of IT equipment, and tech-enabled services to operate under two broad regimes: Mainland vs. Free Zone: Regulatory Differences in company formation in Dubai Dubai Mainland (DED – Department of Economy & Tourism) Regulated …
Foreign Income Not in Your ITR? Expect a Sharp NUDGE Before Dec 31! What is NUDGE 2.0? CBDT has launched NUDGE 2.0—a proactive, data-driven initiative to strengthen voluntary compliance for foreign assets and overseas income in AY 2025–26 ITRs. It uses global data-sharing systems like AEOI, CRS, FATCA, and information from overseas financial institutions to …
Car Insurance for Electric & Hybrid Vehicles: What You Should Know Electric and hybrid vehicles are rapidly gaining popularity in India as more people embrace sustainable mobility and look for greener alternatives to traditional fuel-based cars. These vehicles not only help reduce carbon emissions but also offer long-term savings on fuel and maintenance costs. However, …
ED Search Operation on cheating & non-completion of real estate projects Enforcement Directorate Search operation in six locations in Delhi and Gurugram on cheating & non-completion of real estate projects. Search operations conducted by ED. Such a search was conducted with the objective of investigating undervaluation of land through misuse of the IBC process on …
GSTR-9 Annual Return Not Required from FY 2024-25 Onwards- GST Relief for Small Taxpayers The CBIC has issued a big compliance relief for small taxpayers by exempting them from filing the annual GST return (GSTR-9). This exemption applies from the financial year 2024–25 onwards and aims to simplify compliance for businesses with relatively modest turnovers. The CBIC, …
UAE Corporate Tax Reform 2025: What Every Business Must Understand If you still think Dubai is “0% tax forever” 2025 will surprise you. The UAE has officially moved into a new compliance era, and many founders are still unprepared. Here’s the crystal-clear breakdown every CA, CFO, consultant, and global entrepreneur must understand: CORPORATE TAX (CT) …