In the first week of July 2024, social media buzzed with taxpayer angst over the Common Offline Utility for AY 2024‑25. Complaints poured in that the utility failed to allow […]
Rebate under Section 87A – A Legal Fiasco? Read More »
Introduction Invoice Management system (IMS) was introduced in the GST portal with effect from 1st October 2024. This system was introduced to streamline the input tax credits to be availed
A deep analysis of the Invoice Management System (IMS), 2025 Read More »
The Lok Sabha on Tuesday, the 25th of March, 2025 passed the Finance Bill 2025, clearing a major legislative step toward implementing the proposals outlined in the Union Budget 2025-26.
Finance Bill 2025 Passed in Lok Sabha with Amendments: Key Amendments Read More »
An understanding on updated return (ITR U) which was introduced in the union budget 2022 by the H’ble Finance Minister to help the taxpayers in rectifying their errors or omissions.
A deep dive of Updated return (ITR U) – Section 139(8A) Read More »
Introduction Micro, Small, and Medium Enterprises (MSMEs) play a major role in India’s economic growth. The MSMEs contribute significantly to Indian GDP, exports, and employment creation. Since MSMEs produce and
MSME : Definition, Meaning & Latest MSME Classification Limits – 2025 Read More »
Introduction The Ministry of Corporate Affairs (MCA) in India introduced amendments to Schedule III of the Companies Act, 2013, effective from April 1, 2021, to enhance transparency and accountability in
Introduction As businesses gear up for evolving GST compliance, understanding the role of credit notes and their e-invoicing requirements is crucial. Starting April 1, 2025, significant changes will take effect,
Credit Notes and E-Invoicing Requirements: What You Need to Know From April 1, 2025 Read More »
Article on Input Service Distributor (ISD) An Input Service Distributor is a taxpayer who is registered under GST only for the purpose of distributing Input tax credits to its branches/units
A deep analysis on Input Service Distributor Read More »
What is Special Economic Zone (SEZ)/ Meaning of Special Economic Zone Understanding about Special Economic Zone is crucial for comprehending the economic landscape of a country. What is Special Economic
What is Special Economic Zone (SEZ) – 2025 Read More »
Article on Understanding tax loss harvesting For More taxation related updates, Stay Tuned to TaxRoutine Disclaimer The content provided in this newsletter is for general informational purposes only and does not
Tax Loss Harvesting Read More »
