Circulars

CBIC recently issued clarification that provided insights into the GST treatment of transactions involving vouchers.

CBIC issued clarification says no GST applicable on Pre-paid Gift Vouchers and Cards [Read Circular]

News

The Gross Goods and Services Tax (GST) collection of India in December 2024 increased to Rs.1.77 lakh crore, compared to Rs.1.65 lakh crore in December 2023.

GST collections increased 7.3% YoY to Rs.1.77 lakh crore in December 2024

Buying luxurious goods like as Branded Handbags and watches, and so on will attract TCS w.e.f. 1st Jan if the cost of the luxury goods exceeds Rs.10 lakh.

TCS on Luxury Goods and Cars from 1st January 2025

The Income Tax Department has extended the deadline for the Vivad Se Vishwas Scheme 2024, offering taxpayers another chance to resolve disputes at lower tax rates.

Income Tax Relief: CBDT extended Vivad Se Vishwas Scheme Deadline to January 31st

With the start of the New Year, the Union Budget 2025 approaching, trade associations and tax professionals anticipate significant changes to the GST regime.

Trade Associations and Tax Professionals Demand for GST Reforms in Union Budget 2025

CBDT has extended the due date for furnishing belated/revised return of income for the Assessment Year 2024-25 in certain cases.

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CBIC issued clarification says no GST applicable on Pre-paid Gift Vouchers and Cards [Read Circular]

GST collections increased 7.3% YoY to Rs.1.77 lakh crore in December 2024

TCS on Luxury Goods and Cars from 1st January 2025

Income Tax Relief: CBDT extended Vivad Se Vishwas Scheme Deadline to January 31st

Trade Associations and Tax Professionals Demand for GST Reforms in Union Budget 2025

BREAKING: CBDT extended Due Date for Filing Belated/Revised ITR for AY 2024-25 [Read Circular]