As a onetime opportunity companies can apply to govt. to get credit of input taxes for period prior to GST law started in 2017. Govt. has released detailed procedures in this regard. This facility is available only from Oct/1-Nov/30, 2022.Download
A new version of MCA Portal (V3) is being launched. In this process, some forms will be not be available from August 15, 2022 to August 31, 2022. Any pending SRN for these forms should be paid by 15th August.Download
The Finance Minister of India on July 23, 2024, presented in the Parliament the Union Budget for the fiscal year 2024-25. This Budget has brought in substantial changes in the direct and indirect tax laws. In this Alert we have briefly discussed the direct and indirect tax proposal of the India Budget 2024. These change are applicable from April 1, 2024, unless otherwise specified.Download
The newly introduced version of Vivad se Vishwas Scheme, 2024 is appealing and deserves a serious thought by taxpayers struggling with prolonged tax litigation in India. The benefit if this Scheme is not lies only in getting rid of tax appeals, but also reduced tax outgo.Download
Government has mandated private companies to get its shares and other securities dematerialized by September 30, 2024. Earlier this was required for listed companies and unlisted public companies. Please find GSAP alert in this regard.Download
