AHSG & Co. LLP

Budget 2025 has been presented by Hon’ble Finance Minister Mrs. Nirmala Sitaraman today i.e. on 01.02.2025. This was her consequent Eight budget presented in NDA government. In the budget various announcement have been made. The most significant announcement in this budget which grab the attention of maximum taxpayer was increasing the tax rebate from existing …

Budget 2025 HIghlights Read More »

Hi Everyone, We are excited to share that News18 has featured our Director, Mr Anuj Garg views on Budget 2025 in the article titled Budget 2025 Expectations. Article published in new18 given hereunder along with link to access the same on news18 website. We would love for you to take a moment to read it. …

Budget 2025 Expectation Read More »

Budget 2024 has been presented by Hon’ble Finance Minister Mrs. Nirmala Sitaraman. This was her consequent seventh budget presented in NDA government. In the budget various announcement have been made. Focal Point of the Budget was 4 major castes, namely ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth) and ‘Annadata’ (Farmer). Many schemes and programmes have been …

Budget 2024 Highlights Read More »

53rd GST Council Meeting was held on 22nd June 2024. GST Council has given various recommendation relating to changes in GST tax rates, measures for facilitation of trade and measures for streamlining compliances in GST. The most important recommendation, Inter alia, is waiver of interest and penalty on demand raised under section 73 of CGST …

53rdGST Council Meeting Updates Read More »

Any person who is making supply of goods through electronic commerce operators (ECOs) was mandatorily required to obtain GST registration. However Government vide notification specified the Persons making supplies of goods through an electronic commerce operator who is required to collect tax at source under section 52 of the CGST Act and having an aggregate …

GST registration is not required for small dealers to supply goods through ECOs Read More »

In the Budget this year, certain changes were announced to the system of Tax Collection at Source (TCS) on payments under the Liberalised Remittance Scheme (LRS) and on overseas tour program packages. These were to take effect from 1st July 2023. It was also announced in March that credit card payments would be brought under the …

TCS rate hikes on foreign remittance deferred to 1 Oct 2023. Read More »

CBDT vide circular no. 6 of 2023 has provided various relief to charitable trust. Certain due dates has been extended, and various other relief has been provided where trusts were facing genuine hardship. The circular also clarified the various issues regarding the pending and / or rejected application for registration of trust. Brief of the …

Relief for Charitable Trusts Read More »

A significant announcement has been made by Reserve Bank of India (RBI) that circulation of 2000 rupee note shall be discontinued. Banks will no longer issue 2000 rupee notes. Although 2000 rupee note shall continue to be legal tender, its circulation has been discontinued. It is important to understand that it is not demonetization of …

FAQs on Rs. 2000 Note Withdrawal from Circulation Read More »

Central Board of Indirect Tax and Customs has reduced the limit of turnover from existing 10 Crore to 5 Crore for applicability of e invoicing. Notification no. 10/2013 – Central Tax, Dated 10th May 2023 has been issued in this regard. The limit of turnover of Rs. 5 Crore shall be applicable with effect from …

Limit of turnover for E Invoicing reduced to 5 Crore Read More »

It has been decided by the Government to impose a time limit on reporting old invoices on the e-invoice IRP portals for taxpayers with AATO greater than or equal to 100 crores. To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of …

Time limit imposed to report invoices on IRP portal Read More »

The Government has notified Foreign Trade Policy (FTP) 2023. This policy shall be effective from April 1st, 2023. For Notified Foreign trade policy, click here.

Last Date of Linking of PAN with AADHAR has been extended by Government to 30 June 2023. Also government prescribed the impact of non linking of PAN with AADHAR. For press release click here.

Hon’ble Supreme Court in the judgement of Union of India v. Ashish Agarwal (2022 SCC Online SC 543) has effectively validated the reassessments made by the Assessing Officers after 1-4-2021 For copy of Judgment click here………

The CBDT has issued Instruction No. 01/2022, dated 11.5.2022, containing guidelines for implementation of the Supreme Court’s Judgement in the case of Union of India vs Ashish Agarwal (2022 SCC Online SC 543). It may be recalled that by this judgement the hon’ble Supreme Court has revived nearly 90000 notices issued under section 148 of …

CBDT Instruction No. 1-2022 – 11 May 2022 Read More »

In view of Covid 19 Pandemic Government has extended various due dates of compliances and filing in Income Tax. For more details click here……. 

In view of Covid 19 Pandemic Government has extended various due dates of GST compliances and filing. For more detail click here…….

Government has announced various packages and relaxation for MSME and Other Sectors in view of COVID 19 pandemic. For more details click here……