Reading Time: 6 minutesHaryana One Time Settlement Scheme 2025, The Haryana government has introduced the Haryana One Time Settlement Scheme for Recovery of Outstanding Dues, 2025 (OTS-2025), a significant initiative aimed at providing relief to traders, small shopkeepers, and businesses burdened by pending tax liabilities from the pre-GST era. Launched on March 23, 2025, by Chief Minister Nayab Singh
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Reading Time: 2 minutesThe Growing Menace of Tax-Related Identity Theft In the digital Era, identity theft and fraud is the silent threat to U.S. taxpayers, especially during the tax season. As of April 2025, cybercriminals steal Social Security numbers, names, or addresses to file fraudulent returns and claim refunds before legitimate filers. This costs the economy billions annually,
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Reading Time: 2 minutesReporting Values in Table 3.2, On April 11, 2025, the Goods and Services Tax Network (GSTN) issued an advisory to clarify the reporting of inter-state supplies in Table 3.2 of Form GSTR-3B, effective from the April 2025 tax period. This update aims to streamline compliance for composition taxpayers and UIN holders by auto-populating data from
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Reading Time: 4 minutescontent creation has transformed into a lucrative profession in India with the rise of digital content platforms, YouTubers , bloggers , Instagram influencers, podcasters all the content creators are monetizing their skills to generate income. but, with this income, comes the responsibility of understanding and complying with tax obligations. the tax liability for content creators
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Reading Time: 2 minutesHow to get a tax refund in the US 2025, In the U.S., a “tax refund” is a reimbursement of tax from the government when a taxpayer overpays their federal income tax during the year. As of April 3, 2025, with the tax filing deadline of “April 15” is approaching and millions of Americans are
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Reading Time: 3 minutesThe U.S. taxation system is a complex tax framework that funds federal, state, and local governments in the United States. U.S. taxation is primarily administered by the Internal Revenue Service (IRS), taxation in US based on a progressive tax model, meaning higher earners pay a larger percentage of their income. Here’s a brief overview of
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Reading Time: 3 minutesGST Compliance Checklist, For FY 2025-26, businesses must adhere to a comprehensive GST compliance checklist to ensure seamless operations and avoid penalties. Submit Letter of Undertaking (LUT) for Zero-Rated Supplies Businesses involved in exports or supplies to Special Economic Zones (SEZs) without paying Integrated GST (IGST) must file an LUT in Form RFD-11. Deadline: March
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Reading Time: 4 minutesE-way bill threshold limit, e-way bill is required to transporting the goods from one place to another whether or not by way of supply if the value exceeds the limit specified by the CGST Rules 2017. As per the Rule 138 of CGST rules, the limit is Rs.50,000, which mostly applies to interstate movement, w.e.f
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Reading Time: 2 minutesThe CBIC has introduced several measures to streamline the distribution of input tax credits (ITC) among businesses with multiple branches. One such measure is the Mandatory Input Service Distributor (ISD) Registration. In this article, we will delve into the details of Mandatory ISD Registration in GST, its implications, and the benefits it offers to businesses.
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Reading Time: 2 minutesIncome Tax officials’ access to personal data , Government clarified in the Rajya Sabha  that Income Tax (IT) officials are not permitted to access personal emails, social media, or bank accounts of all assesses. However, under Section 132 of the Income Tax Act, 1961, authorized officers can inspect books of accounts or electronic records during
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