GST input tax credit

Unlocking the Secrets of GST Input Tax Credit: How to Optimize Your Claims and get maximum benefit in 2023.

Understanding GST Input Tax Credit: How to Optimize Your Claims The Goods and Services Tax (GST) has revolutionized the Indian taxation system, bringing about a unified tax structure across the country. Under the GST regime, businesses can claim Input Tax Credit (ITC) to offset the taxes paid on inputs against the output tax liability. This …

Unlocking the Secrets of GST Input Tax Credit: How to Optimize Your Claims and get maximum benefit in 2023. Read More »

Advance tax 1st Instalment due

Advance Tax 1st Instalment Due on June 2023: Importance and Consequences

Advance Tax 1st Instalment Due on June 2023: Importance and Consequences Advance tax is a key aspect of income tax in India, requiring taxpayers to pay estimated tax liability in installments. The first instalment for the financial year 2023-24 is due in June 2023. Non-payment has significant repercussions. Let’s explore the importance of timely payment …

Advance Tax 1st Instalment Due on June 2023: Importance and Consequences Read More »

10 Crucial Guidelines for Accurate Tax Filing

10 Crucial Guidelines for Accurate Tax Filing Filing taxes can be an intimidating task, and even a small error can have significant repercussions. As an esteemed CA firm in India, we understand the importance of precise tax filing and its impact on financial matters. In this blog post, we will present you with ten essential …

10 Crucial Guidelines for Accurate Tax Filing Read More »

HRA Exemption: A Comprehensive Guide to Understanding and Maximizing Your HRA Benefits to 100%

HRA Exemption: A Comprehensive Guide to Understanding and Maximizing Your HRA Benefits Introduction When it comes to managing your finances, it’s essential to take advantage of all the tax-saving opportunities available. One such benefit is the House Rent Allowance (HRA) exemption, which can significantly reduce your taxable income if you are a salaried individual. In …

HRA Exemption: A Comprehensive Guide to Understanding and Maximizing Your HRA Benefits to 100% Read More »

How to make Income tax payment online for AY 2023-24 (FY 2022-23)

Follow the below mentioned procedures to make Self Assessment Tax payment for FY 2022-23 (AY 2023-24) 1. Go to the Below Link –  https://www.incometax.gov.in/iec/foportal/ 2. Click e-Pay Tax 3. Provide Pan/Tan and Mobile Number 4. Enter the received OTP 5. Click Proceed under Income Tax 6. Provide your Pan/Tan and Name 7. Select 2023-24 under Assessment Year & Self Assessment …

How to make Income tax payment online for AY 2023-24 (FY 2022-23) Read More »

Filing of Appeals under GST – Complete information about the process – You can get relief from GST demand if filed correctly. – CGST Act,2017

Filing of Appeals under GST The Goods and Services Tax (GST) is a comprehensive indirect tax law that was introduced in India in 2017. The GST law provides for a number of appeal mechanisms for taxpayers who are aggrieved by the decisions of the tax authorities. The authority passing the order may be GST officer, …

Filing of Appeals under GST – Complete information about the process – You can get relief from GST demand if filed correctly. – CGST Act,2017 Read More »

E Invoicing Limit reduced to 5 Crores w.e.f 01st Aug 2023

The CBIC has reduced the E invoice limit for business from the existing 10 Crores to 5 Crores. This is w.e.f. 01st Aug 2023. Accordingly, if the turnover of the business has exceeded more than 5 Crores in any of the Financial years starting 2017-18, E invoicing will be applicable w.e.f. 01st Aug 2023. The …

E Invoicing Limit reduced to 5 Crores w.e.f 01st Aug 2023 Read More »