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The GST Council is allegedly considering a plan to impose an 18% tax on payment aggregators for facilitating some small value digital transactions.

GST Council to Impose GST of 18% on Payment Aggregators for Transactions below Rs.2,000

The Finance Act 2023 added Section 43B(h), which states that any payment owed to MSE for goods sold or services rendered may be deducted in the same year if paid by the deadline specified by the MSMED Act, 2006.

Draft Letter to the Auditee by the auditor in relation to Compliance of Section 43B(h)

In a recent social media post, Ved Jain, ex-president of ICAI expressed concern over notices issued under Section 148 of the Income Tax Act.

Several Taxpayer receive Time barred notices from Income Tax Department

Cricketer Virat Kohli became the top taxpayer among Indian sports personalities for the previous financial year that concluded on March 31, 2024.

Virat Kohli and MS Dhoni Become Top Taxpayers in Sports

Typically, an individual with an income of less than Rs.7 lakh who files an ITR under the new tax regime is eligible for a tax rebate of up to Rs.25,000 under section 87A.

No Income Tax Rebate u/s 87A Despite Income Below Rs.7 Lakh

As per the news shared by Business Standard, businesses across the country may soon be obliged to issue electronic invoices or e-invoices.

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GST Council to Impose GST of 18% on Payment Aggregators for Transactions below Rs.2,000

Draft Letter to the Auditee by the auditor in relation to Compliance of Section 43B(h)

Several Taxpayer receive Time barred notices from Income Tax Department

Virat Kohli and MS Dhoni Become Top Taxpayers in Sports

No Income Tax Rebate u/s 87A Despite Income Below Rs.7 Lakh

GST Council may propose E-invoice for B2C Transactions