Update from Company

Please post your queries regarding Income Tax, Service Tax, VAT, Company Law etc.

We will try to revert in 2 hours.

Kindly give your email id and contact details.

Find links to important sites for epayment of taxes, forms download, status of refund etc. under "Important Links".

Find EMI, HRA, Income Tax, Home Loan calculators under "Calculator".

Find latest financial and taxation news under "News feed".

Find due date reminder for various acts under "Due date reminder" table.

News

23 Oct 24
GST Registration for Metal Scrap Buyers: GSTN issues Advisory on GST REG-07
Income Tax Department Releases Updated ITR-3 Utility Excel-Based Tool
GSTN Introduces Bank Account Validation for Non-Core Amendments
Income Tax Department Releases Updated Common Offline Utility for Form 3CA-3CD and 3CB-3CD
22 Oct 24
IMS May Add an Extra Compliance Layer for GST Taxpayers, Say Experts
GST Exemption on Premiums? The Council Will Make a Final Decision on Whether to Grant Benefits
Pre-filled GSTR-3B: A Hard-locking System for GST Liability
Rajasthan AAR Rules 18% GST on Soft Ice Cream with Mixed Vanilla Flavor
21 Oct 24
Direct Tax Share in GDP Reaches 24-Year High at 6.64% in FY24
Personal Income Tax Collection Surges 294% in FY24
New ICSI Guidelines: Company Secretaries Can Sign E-Form MGT-7 for Only 75 Firms Starting April 2025
RBI Bans Loan Sanction and Disbursal from Four NBFCs
20 Oct 24
Understanding New Tax Form 12BAA: Structure & Benefits
India’s Personal Income Tax Collection Increases by 294% Over the Past Decade
Rajasthan GST AAR: Tax on Corporate Guarantee By Overseas Group is Payable Only Once, Not Periodically
19 Oct 24
ICAI Invites Young CAs to Shine at 40 Under 40 Business Leader Awards 2024
CBDT Amends Rules for Forms 10A and 10AB under Sections 12A and 80G
GSTR-2B Now Auto-Populates GST ITC for Reversal Under Rule 37
How GSTR 1A and IMS Help to Improve GSTR 3B Filing
18 Oct 24
CBDT Exempts RBI from TCS Requirement under Section 206C(1F) of the Income Tax Act
CBDT Releases Updated TDS Rates for FY 2024-25
GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check details
17 Oct 24
Bombay HC: Assessee Can’t Be Refused ITC Solely for Filing GST Forms Manually Due to Portal’s Functionality Issues
Gujarat HC: IT Section 68 Does Not Apply if There is No Clear Declaration of Amount in the Bank Statement
Gujarat HC: GST Credit Can’t Be Blocked in the ECL if the Balance Is Nil or Insufficient
CBDT Amends Rules for Forms 10A and 10AB under Sections 12A and 80G
16 Oct 24
Newly launched GST app to facilitate traders keep trail of transactions
CBIC Issues Clarification on Implementation of Section 16(5) & 16(6) of CGST Act 2017
Pune ITAT: Tax Deduction Can Be Claimed u/s 80IA If the Entity Operates, Develops, and Maintains Infra
CBIC Department Regularizes GST Notices to Foreign Airlines
Kerala HC Rules Issuance of Summons U/S 70 of GST Act Does Not Constitute Initiation of Proceedings U/s 6(2)(b)
15 Oct 24
ICAI Issues New Quality Management Standards: SQM 1 and SQM 2 for Auditing and Assurance
CBDT Notifies Income Tax Exemptions for Various Public Authorities u/s 10(46) of the IT Act
Income Tax Department Sets Sights on High-Risk Refund Claims
CBIC Sets 18% GST Rate on Affiliation Services to Colleges by Universities
Kerala HC: If an Assessee Fails to Submit a Sales Report for Tax Evasion, Section 74 Must Be Applied
14 Oct 24
Text of the Circular has been mentioned below
CBIC Issues Clarification on GST Rates and Classification of Goods Following 54th GST Council Meeting
13 Oct 24
Regularizing payment of GST on services of film distributors or sub-distributors who act on a principal basis to acquire and distribute films
Regularizing payment of GST on certain support services provided by an electricity transmission or distribution utility
CBIC Issues Clarifications on GST Applicability for Specific Services
Advisory for Taxpayers: New GST Provision for Metal Scrap Transactions
12 Oct 24
CBIC Introduces New Key Changes to GST Registration Regarding Suspension and Cancellation
GST ITC Reconciliation in GSTR 9 Should be Done Using GSTR 2B, Not GSTR 2A
CBIC Revises Penal Provisions in Form GST INS-01 to Align with the Bharatiya Nyaya Sanhita, 2023
11 Oct 24
CBIC Updates Penal Provisions in Form GST INS-01 in Line with Bharatiya Nyaya Sanhita, 2023
Union Minister Pankaj Chaudhary Inaugurates GST Bhawan in Delhi, Highlights Simplified Tax Compliance Initiatives
Delhi HC: GST Exemption on Foreign Reinsurance for Govt Insurance Schemes Applies Retrospectively from July 1, 2017
Delhi ITAT Quashes Reassessment, Rules Section 147 Cannot Be Invoked for Mere Change of Opinion
10 Oct 24
RBI Keeps Repo Rate Unchanged at 6.50%, Shifts Stance to Neutral Amid Inflation Concerns
CBIC Introduces Rule 47A to CGST Rules: New 30-Day Time Limit for Issuing Tax Invoices Under RCM
CBIC Notifies Reduction in Pre-Deposit Requirement for GST Appeals Effective 1st Nov 2024
Central Tax Notification No. 22/2024 to Rectification on Incorrect GST ITC U/S 16
J&K HC Voids Deficiency Memo; GST Refund Limitation Commences From Original Application Date, Not Follow-Up

 

Ramesh Mishra and Co., a premier Chartered Accountancy firm pioneered by Late Shri. Rajesh Mishra (Under Rajesh Mishra & Co. Since 1997) and carried forward by Ramesh Mishra since 2007, and a Fellow Member of Institute of Chartered Accountants of India  (ICAI), has over 10 years of diverse experience in Audit, Direct and Indirect Taxation, Tax Advisory Services. 

Our range of services includes: Auditing, Direct and Indirect Taxation, Management Consultancy, Advisory services and & Other Similar Assignments.

We strive to deliver the best quality services to provide complete customer satisfaction. This industry gets its recognition by word of mouth. Hence we look forward to provide our best services to all our clients.
We have a team of high quality professionals holding years of experience in this field having in-depth knowledge in the domain and capable of meeting the exact requirements of our clients. They work in close-co-ordination with the clients to understand their specific requirements and deliver the same.