What is GST Return, File GST Returns Online & Types of GSTR ?
What is GST Return, File GST Returns Online & Types of GSTR ? 04/27/2026 Did you know that every business needs to file a GST return? In this blog post, we will explain what GST is, the different types of returns that a business needs to file, and the deadline for filing them. Let us […]
Revised Return under Income Tax Act 1961
Revised Return under Income Tax Act 1961 04/27/2026 If you have filed your Income tax return and later on discover any omission or any wrong statement therein, you can correct this by filing a revised return. Section 139(5) of Income Tax Act, 1961 allows taxpayers to rectify their ITR at any time before three months […]
SC upheld the validity of GST Rule 89(5) read with Section 54(3)(ii)
SC upheld the validity of GST Rule 89(5) read with Section 54(3)(ii) 04/27/2026 Dear Member, As we all are that the refund of unutilized Input tax credit of inverted duty (hereinafter referred to as the “ITC”) under GST is dealt under Section 54(3) (ii). In terms of Section 54(3) of Central Goods and Service Tax (hereinafter […]
Companies Compliance Facilitation Scheme, 2026 (CCFS-2026): Detailed Guide for Businesses in India
Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) Detailed Guide for Businesses in India 04/03/2026 The Ministry of Corporate Affairs (MCA), Government of India, has introduced a significant compliance relief measure through General Circular No. 01/2026 dated 24th February 2026. This initiative, known as the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), provides companies with a one-time opportunity […]
Key Tax Update from Budget 2026
Key Tax Update from Budget 2026 02/01/2026 As Budget 2026 unfolds, individuals and businesses alike are closely examining the latest tax proposals that could shape financial planning and economic behavior for the year ahead. From revised income tax slabs to changes in deductions and compliance norms, this year’s budget brings a set of significant updates […]
Highlights of the 56th GST Council Meeting – Key Decisions & Its Impact on Taxpayers
Highlights of the 56th GST Council Meeting – Key Decisions & Its Impact on Taxpayers 09/04/2025 The 56th meeting of the GST Council was held on 03rd of September, 2025 at Sushma Swaraj Bhavan, New Delhi, chaired by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The session proved to be historic with […]
Top Highlights of the Budget 2025 By FM Nirmala Sitharaman on 1st February, 2025
MCA Penalizes CA Firm for Not Reporting Violations in Audit 02/03/2025 No Income Tax upto Income of Rs 12 Lakhs, New Slab Rates for all Taxpayers benefiting Middle Class People of India. Finance Minister proposed to introduce the New Income Tax Bill next week. New Income Tax Bill be Half of the present Income Tax […]
Ministry of Corporate Affairs (MCA) Penalizes Chartered Accountant Firm for Not Reporting the Company Violations in Audit Report
MCA Penalizes CA Firm for Not Reporting Violations in Audit 09/07/2024 The Ministry of Corporate Affairs has penalized the auditor i.e CA Firm of PPS Export and Import Private Limited for not reporting company violations in its Statutory Audit Report. The said MCA penalty was imposed by the Office of the Ministry of Corporate Affairs […]
Due Date Calendar of Compliances for the Month of May, 2024
We believe in full and timely compliance, hence listing down all the due dates for our clients in order to ensure timely compliances, it is very important for a business organisation to complete all the compliances within the due dates in order to avoid penalties and late fees. Henceforth, we are listing down important due […]
Due Date Calendar of Compliances for the month of April, 2024
We believe in full and timely compliance, hence listing down all the due dates for our clients in order to ensure timely compliances, it is very important for a business organisation for audit & Assurance to complete all the compliances within the due dates in order to avoid penalties and late fees. Henceforth, we are […]