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Advisory on Entry of Receipt Numbers for Leased Wagons in the E-Way Bill System

Effective from January 1, 2025, the Goods and Services Tax Network (GSTN) has issued updated guidelines for the accurate entry of Receipt Numbers pertaining to Leased Wagons in the E-Way Bill (EWB) system. These instructions aim to ensure streamlined data validation and compliance for taxpayers transporting goods via rail networks, particularly through Leased Wagons. Key […]

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Key Highlights from the 54th GST Council Meeting

The 54th GST Council meeting, chaired by Union Finance Minister Smt. Nirmala Sitharaman, brought about several pivotal recommendations aimed at fine-tuning India’s GST regime. Attended by key officials and ministers from various states, the meeting resulted in decisions on tax rates, trade facilitation, and procedural improvements, benefiting both businesses and consumers. Here are some of

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Understanding Section 80EE of the Income Tax Act: Features and Benefits

  Introduction:Section 80EE of the Income Tax Act is a provision that offers tax benefits to individuals on the interest paid on home loans. Introduced to encourage homeownership, this section provides an additional deduction over and above the benefits available under Section 24(b) of the Income Tax Act. Features of Section 80EE: Benefits of Section

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