Budget is set to be presented on 1st Feb.,2025
Ganeshan Kalyani
GST Expert, Automation Enthusiastic, Process improvement, Litigation, Liasioning...
Budget 2025: What is halwa ceremony and when will it be held?
As the?nation gears up for Union Budget 2025, the customary halwa ceremony will take place today at 5 pm in the North Block that houses the Ministry of Finance.
Know what is Union Budget vs State Budget: Know Key Differences Between Them
Here are the key differences between the Union and State budgets. Notably, there is a three-tier system of government, namely Central (or Union) Government, State Government and local government (like Municipal Corporation, Municipal Committee and Zila Parishad). These governments prepare their own respective budgets (called Union Budget, State Budget and Municipal Budget) containing estimates of expected revenue and proposed expenditure.
Budget 2025: Experts expect easier ITR filing rules, TDS tweaks
During the Budget 2024 speech, Union FM?announced that the?income tax law?will undergo a comprehensive review. The finance minister asserted that a comprehensive review of the Act will be done to make it concise, lucid, easy to read and understand. “This will reduce disputes and litigation, thereby providing tax certainty to the taxpayers,” she said during the speech.
Budget 2025: Key reforms expected in the indirect tax ecosystem
As Finance Minister Nirmala Sitharaman prepares to present her second Union Budget during the current term, expectations are high for both businesses and citizens. The Union Budget 2025 arrives at a crucial juncture in India’s economic trajectory, where the focus remains on driving growth, improving efficiency and enhancing transparency.
Representation on the applicability of Late fees for GSTR-9C u/s 35(5) and Sec.47 of the CGST Act 2017
The A.P. Tax Bar Association, Vijayawada has made a representation to The Hon'ble Union Finance Minister on the applicability of late fees for GSTR-9C under section 35(5) and section 47 of the CGST Act, 2017 in view of Notification No. 08/2025-CT dated 23.01.2025.
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Direct Tax Vivad se Vishwas Scheme, 2024 update
CBDT, vide notification no. 8/2025, makes the following order to remove the difficulty?in respect of Direct Tax Vivad Se Vishwas Scheme, 2024?arisen in situations where,–– (a) an order in case of a person had been passed on or before the specified date i.e. the 22nd day of July, 2024; (b) the time for filing an appeal in respect of such order was available as on the said date; (c) appeal in respect of such order was filed after the said date within the stipulated time as applicable for filing of such appeal; and (d) aforesaid appeal is filed without any application for condonation of delay
GST Book : https://onlinetaxupdate.com/books/
GSTN-Advisory on Business Continuity for e-Invoice and e-Waybill Systems
This advisory is issued to highlight the alternate mechanisms and business continuity plans available for both the e-Invoice and e-Waybill systems.
CBIC cautions against fraudsters issuing fake and fraudulent Summons for GST violations
Taxpayers can verify online any communication from DGGI or any office of CGST by using the ‘VERIFY CBIC-DIN’ window on the CBIC’s website https://esanchar.cbic.gov.in/DIN/DINSearch
CBIC notifies rules for entities to get temporary GST identification number
Entities that are not required to get a GST registration but are required to make a tax payment under the GST Act provision can now obtain a Temporary Identification Number (TIN).