SGST stands for State Goods and Services Tax is a part of the Goods and Services Tax (GST) structure in India. SGST is a tax levied by the state government on intrastate supplies of goods and services. SGST gives the state governments an autonomous spending power on various developmental acti...
Simplified and unified structure The DTC 2025 arranges its 319 sections and 22 schedules in a straightforward, less fragmented format. By refining and consolidating the structure, the DTC 2025 minimises the need for cross-referencing multiple sections, making the tax filing and refund processes more ...
This will lead to complete overhaul of indirect tax structure in India. The main objectives of GST are to widen the tax base, harmonization and rationalization of tax rates. The GST would ensure better compliance and reduces tax evasion. But there are certain structural issues related to ...
The federal government has actually gotten a number of propositions from the market to streamline the capital gains tax structure, and modifications are anticipated in the Budget for 2023/24, the authorities stated without revealing more information as conversations are private. India taxes ...
The findings show that the new tax regime simplifies the decision structure available to the taxpayers by reducing complexity and increasing the ease of compliance. The acceptance of the new tax regime has also increased since the reforms introduced in the Union budget of 2023. Age Groups, Yearly...
Here is a detailed Corporate tax rates 2024-25 in India: Corporate Tax Rate for Domestic Companies The Tax rate for companies for the year 2023-2024 are: ConditionIncome Tax Rate (excluding surcharge and cess) Total Turnover or Gross Receipts during the previous year 2020-21 does not exceed...
Crypto Tax India 2024 – Indians, by the millions, have invested in cryptocurrency. The value of Bitcoin has rapidly increased, which is to blame. During the COVID-19 outbreak, millions of Indians expressed interest in cryptocurrency to achieve their financial goals. Their revenue grew greatly. ...
In the Name field, enter a value. In the Structure field, select GTE hierarchy. Select OK. On the Versions FastTab, select Synchronize. Close the message. Select View. The Sales tax hierarchy designer page shows the tax type and tax components, based on the configuration. Select Setoff rul...
India Global Trade Advisory Newsletter On the Customs front, the Union Budget 2023 placed emphasis on boosting manufacturing, enhancing domestic value addition, promoting export and encouraging green energy and mobility. In Budget 2023, Government has simplified the tax structure with fewer tax rate sla...
Login to File Income Tax Returns (ITR) for FY 2023-24 (AY 2024-25) online with ClearTax. ClearTax is fast, safe and easy for ITR E-Filing. ClearTax handles all cases of Income from Salary, Interest Income, Capital Gains, House Property, Business and Prof