As tax season approaches, one of the most common terms you’ll come across is Advance Tax. But what exactly is it, and why is it important? Whether you’re a salaried employee, a freelancer, or a business owner, understanding the concept of advance tax can help you avoid penalties, manage cash flow, and stay compliant with
A new feature has been introduced in the E-Way Bill (EWB) system to facilitate the enrolment of unregistered dealers supplying goods, with effect from 11.02.2025. In accordance with Notification No. 12/2024 dated 10th July 2024, Form ENR-03 has been introduced for the enrolment of unregistered dealers. 2.Unregistered dealers engaged in the movement or transportation of goods can now generate
The Goods and Services Tax (GST) has been a transformative step in India’s taxation system. Ever since its implementation in 2017, GST has drastically simplified the indirect tax structure by merging multiple taxes into a single system. However, as with any significant reform, the GST system continues to evolve with periodic updates and revisions. In
Highlights of Union Budget 2025 General 1. Kisan Credit Card limit enhanced from Rs. 3 lakh to Rs. 5 lakh 2. Additional Infra in 5 IIT’s set up after 2014. IIT Patna to be expanded 3. 10,000 more seats to be added in medical colleges in next year and 75,000 in next five years 4.