GST Amnesty Scheme-From April 2023

The GST Council has recently made recommendations which are notified

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How to make payment of GST

Every taxpayer registered under GST has to pay his tax liability after adjusting input tax
credit before filing the return. You can either pay online or offline.

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Check if your PAN is successfully linked to Aadhar

Central Board of Direct Taxes had made it mandatory to link PAN and Aadhar by 30 June 2023 by paying a penalty of Rs.1,000, failing which would result in PAN becoming inoperative and the taxpayer would not be able to complete any transaction which requires PAN as a mandatory requirement.

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INCOME TAX RATES FOR A.Y 2024-25 (FY 2023-24)

1. Individual (Resident or Resident but not Ordinarily Resident or non-resident) other than Senior Citizen & for HUF:
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How to Claim Refund of GST

Until 48th GST Council Meeting, an unregistered dealer (buyer of flat) could claim refund of GST paid upon cancellation of such flat only from builder that too within the time limit where the builder could issue a credit note to such buyer.

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Declaration by GTA under Annexure V

A Goods Transport Agency (GTA) means any person who is engaged in the business of providing services with respect to transportation of goods by road.

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Additional Deduction of Interest on Housing Loan

Any taxpayer who has purchased or constructed a house with a borrowed capital is allowed a deduction with respect to interest paid on such loan under section 24(b) of the Income Tax Act.
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INCOME TAX RATES FOR A.Y 2023-24 (FY 2022-23)

1. Individual (Resident or Resident but not Ordinarily Resident or non-resident) other than Senior Citizen & for HUF:
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INCOME TAX RATES FOR A.Y 2022-23

1. Individual (Resident or Resident but not Ordinarily Resident or non-resident) other than Senior Citizen & for HUF:

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