Small businesses with turnover up to Rs 2 crore are exempt from filing GST annual returns starting FY 2024-25, offering relief from compliance burdens and associated costs. While simplifying processes ...

The Invoice Management System (IMS) ends automatic ITC population in GSTR-3B from Oct 2025. Taxpayers must Accept, Reject, or Pend B2B invoices via the GST ...

The Reverse Charge Mechanism (RCM) shifts GST liability from the supplier to the recipient for specific goods and services, helping to prevent tax ...

The CBIC has notified changes to the annual GST return form GSTR-9, making the reporting of Input Tax Credit (ITC) more comprehensive. The Central Board of Indirect Taxes and Customs (CBIC) on ...

India’s top indirect tax body wants to strictly avoid aggressive enforcement, preferring a "soft nudge" approach to encourage tax compliance instead. Alongside, it will tally income tax returns with ...

The Finance Ministry has issued a fresh reminder about the Income Tax Return (ITR) filing deadline for the financial year 2024–25 (assessment year 2025–26), set for September 15, 2025. The notice, ...

For Assessment Year (AY) 2025–26, the Income Tax Department has further simplified compliance by enabling taxpayers to file their Income Tax Returns (ITRs) directly through its official mobile ...

Income Tax Return Filing 2025: How to file ITR without CA - Step-by-step guide for salaried people (AI generated image) Income Tax Return Filing AY 2025-26: Only 7 days are left for the last date for ...

Many of the taxpayers are waiting for an extension to file their ITR. But they should not expect to get more time; rather, they should file their return before the deadline. 1- If you file your ITR ...

The last date to file income-tax returns (ITRs) for the financial year 2024–25 is just a week away and all eyes are on the income tax (I-T) department to see if the September 15 deadline will be ...

The long-awaited tax relief for retail insurance policyholders is here. With effect from 22 September, the government has exempted retail health and life insurance policies, as well as reinsurance, ...

Car market leader Maruti Suzuki India expects domestic passenger vehicle sales growth to come back to around 7 per cent from the next fiscal following reduction in GST rates on automobiles, a senior ...