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Tag: gst
Concept of Supply under GST by CA Devesh Thakur
IntroductionThe taxable event under GST is the “Supply” of goods or services or both. This marks a major shift from the earlier indirect tax...
Inadvertently Rejected Records in IMS: How to Handle ITC and Tax Liability Adjustments
How to Handle Inadvertently Rejected Records on the Invoice Matching System (IMS)Published on: June 19, 2025IntroductionTaxpayers often face issues with Input Tax Credit (ITC)...
Section 43B(h) on MSME: Income Tax Implications from AY 2024-25
Starting from April 1, 2024 (AY 2024-25), Section 43B(h) of the Income Tax Act introduces significant changes concerning expenses related to purchases or services from Micro and Small Enterprises (MSMEs)....
Explanation of Sections 234F and 234E
Section 234F - Fee for Late Filing of Return:CA Devesh ThakurRelevant Act Extract"234F. Fee for default in furnishing return of income.— (1) Without prejudice...
Explanation of Sections 234A, 234B, and 234C
Explanation of Sections 234A, 234B, and 234C:CA Devesh ThakurSection 234A - Interest for Late Filing of Return:Relevant Act Extract:"234A. Interest for defaults in furnishing...
