by CA Chinmay Shirish Agate | May 21, 2024 | GST
PAN card and aadhar card linking has become mandatory for various class of deductors and deductees like never before. Deductors are usually required to deduct higher TDS where PAN and Aadhar of a particular deductee is not linked. Many times deductors are unaware of...
by CA Chinmay Shirish Agate | May 19, 2024 | GST
Accounting is the most critical aspect of the financial activities. A proper accounting system ensures the smooth functioning of the organization. Accounting activities are subject to the accounting standards mentioned by accounting authorities or government bodies....
by CA Chinmay Shirish Agate | May 18, 2024 | GST
A significant financial event that has occurred in our country during November 2016 to January 2017 was demonetization. To track, trace and curb black money and corruption, the government declared certain high-denomination currency notes as invalid. Citizens of our...
by CA Chinmay Shirish Agate | Feb 3, 2023 | GST, Taxation
Number of basic customs duty rates on goods, other than textiles and agriculture, reduced to 13 from 21. Minor changes in the basic custom duties, cesses and surcharges on some items including toys, bicycles, automobiles and naphtha. Excise duty exempted...
by CA Chinmay Shirish Agate | May 6, 2022 | GST, Other, SMEs, Taxation
The spread of COVID-19 appears to be slowing in India, but the pandemic’s economic impact is still being determined as new waves of COVID-19 infection emerge locally. As a result, any revenue impact of covid-19 on GST collection in India will have certain flaws...
by CA Chinmay Shirish Agate | Feb 24, 2022 | GST
Refund application time limit changed: The refund claim of ITC on inward supplies can be made only within 2 years from the last day of the quarter in which supply was received. Earlier, it was 2 years from relevant date. Changes in Input Tax Credit provisions : No...
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