Latest updates on GST – Finance, Insurance, Health & More
Introduction Multi-Level Marketing (MLM) schemes have been around for decades, often promising financial freedom and the opportunity to be your own boss. However, they are also surrounded by controversy and skepticism. In this blog post, we’ll delve into what MLM schemes are, how they work, and the potential benefits and pitfalls associated with them, with […]
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Purchasing and maintaining a car in India involves several layers of direct and indirect taxes, significantly increasing the overall cost of ownership. In this post, we’ll break down the taxes borne by a car owner for both traditional and electric vehicles (EVs), assuming the cost of a traditional car is ₹700,000 and an electric vehicle […]
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The Employees’ Provident Fund Organisation (EPFO) has announced a crucial and final opportunity for employers to address over 3.1 lakh pending applications for pension on higher wages. Employers have been urged to upload wage details and other necessary documentation by 31st January 2025. This announcement comes as a response to numerous appeals from Employers’ Associations […]
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Several taxpayers have reported that their GSTR-2B for October 2024 has not been generated on November 14th, 2024. It is important to understand that according to the design of the Input Service Management (IMS) system, GSTR-2B will not be generated under the following scenarios: Understanding these scenarios helps in ensuring compliance and avoiding issues with […]
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Detailed Blog Post: Auto-population of ITC in GSTR-9 for FY 2023-24 – Simplifying GST Compliance Starting from FY 2023-24, a significant change in the Goods and Services Tax (GST) compliance process has been introduced. The GST system will now auto-populate eligible Input Tax Credit (ITC) for domestic supplies, excluding those under reverse charge and imports, […]
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