Gurmeet

Drive into Savings: Unlock Tax Benefits with Section 80EEB for Electric Vehicles As India takes significant strides towards sustainability and reducing its carbon footprint, the government had already introduced several tax benefits and incentives to encourage the adoption of electric vehicles (EVs). One such provision is Section 80EEB of the Income Tax Act, which provides […]

Steps to Withdraw Shares from the Investor Education and Protection Fund (IEPF) To reclaim shares from the Investor Education and Protection Fund (IEPF) in India, follow these steps: 1. Verify Eligibility: Confirm that your shares were transferred to the IEPF due to unclaimed dividends. You can check this by visiting the IEPF website or contacting […]

Understanding Section 16(4) of the CGST Act: Time Limit for Claiming Input Tax Credit Section 16 of the Central Goods and Services Tax (CGST) Act is a cornerstone for businesses in India, as it governs the eligibility and conditions for availing Input Tax Credit (ITC). Among its provisions, Section 16(4) plays a critical role in […]

Filing GSTR-9 correctly is essential for businesses registered under the Goods and Services Tax (GST) in India. Here’s why accurate filing is crucial: Importance of Filing Correct GSTR-9 1. 1. Legal Compliance Filing GSTR-9 is a mandatory annual compliance for taxpayers with an aggregate turnover exceeding ₹2 crores (for FY 2022-23 onwards). Timely and correct […]

The system is checking on compliance for Form DRC-01C Filing Goods and Services Tax Returns (GSTR) is an integral part of compliance for businesses in India. However, encountering errors while filing can be a common frustration. One such issue that might arise while filing GSTR-1 for October 2023 is related to Form DRC-01C. The error […]