TDS Rate Chart for FY 2025-26 ( AY 2026-2027) (Effective from April 1, 2025) The Finance Bill 2025 introduces significant changes to TDS rates and thresholds, aiming to simplify compliance and reduce the tax burden on individuals and businesses. Below is the updated TDS rate chart for FY 2025-26, incorporating the proposed amendments: TDS Rates…
Automatic Calculate 1% Tax in Excel format as per rule 86B at the time filing GSTR3B
Automatic Calculate 1% Tax in Excel format as per rule 86B at the time filing GSTR3B Download excel sheet -Calculation of 1% tax rule 86B
Advisory: E-Invoice Glossary and Steps
Advisory: E-Invoice Glossary and Steps Nov 29th, 2024 Dear Taxpayers, GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference. You can access and download the PDF document by clicking on the link below: 1. E-Invoice Glossary:https://tutorial.gst.gov.in/downloads/news/glossary_on_e_invoicing_v1_1.pdf 2. Step by Step Guide:https://tutorial.gst.gov.in/downloads/news/e_invoice_overview.pdf Thanking You, Team…
28/2024-Central Tax-Seeks to appoint common adjudicating authority for Show cause notices issued by DGGI.
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS NOTIFICATION No. 28/2024–Central Tax New Delhi, the 27th November, 2024. S.O (E).— In exercise of the powers conferred by section 5 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and section 3 of the Integrated…
27/2024-Central Tax-Seeks to amend Notification No. No. 02/2017-Central Tax, dated the 19th June, 2017
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 27/2024-Central Tax New Delhi, the 25th November, 2024 G.S.R.....(E).– In exercise of the powers under section 3 read with section 5 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and section 3 of…
Notification No. 123/2024 [F. No. 275/39/2021-IT(B)] / 5121(E) :-
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th November, 2024 INCOME-TAX S.O. 5121(E).—In exercise of the powers conferred by the fifth proviso to section 194N of the Income-tax Act, 1961 (43 of 1961) (hereafter in this notification referred to as the said Act), the Central Government after consultation with the Reserve Bank…
Notification No. 122/2024 [F. No. 225/68/2024-ITA.II] / SO 5074(E) :-
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th November, 2024 S.O.5074 (E).––In exercise of the powers conferred by clause (viiaf) of section 47 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the transfer of capital asset from NLC India Limited (“NLCIL”) (PAN:…
Advisory: Authorised e-Invoice Verification Apps
Advisory: Authorised e-Invoice Verification Apps Nov 27th, 2024 Dear Taxpayers, 1.GSTN has prepared a consolidated document on authorized B2B e-Invoice verification apps available for download. The said document would serve as a reference to ensure that taxpayers have the most up-to-date information regarding approved B2B e-Invoice verification apps. 2.Taxpayers could access and download the PDF…
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Madhya Pradesh
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Madhya Pradesh Nov 27th, 2024 Dear Taxpayers, This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process. 1. Rule 8 of the…
Advisory for Reporting TDS Deducted by scrap Dealers in October 2024
Advisory for Reporting TDS Deducted by scrap Dealers in October 2024 Nov 26th, 2024 As per Notification No. 25/2024-Central Tax, effective from 10.10.2024, any registered person receiving supplies of metal scrap classified under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), from another registered person, is…