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CA VK Agrawal

Half- Yearly Return Mandated for Delayed Payments to MSMEs

Delayed payments have long plagued India’s Micro, Small, and Medium Enterprises (MSMEs), straining their cash flow and slowing growth. By April 2025, the total value of unresolved payment complaints filed on the MSME Samadhaan portal had surpassed INR 50,000 crore. In response, the government now mandates that companies file a half-yearly return disclosing payments overdue by more than 45 days to micro and small enterprises (MSEs). This move complements broader… Read More »Half- Yearly Return Mandated for Delayed Payments to MSMEs

GST Appellate Tribunal Rules 2025 and Key Timelines

India’s Goods and Services Tax (GST) system has streamlined the taxation process, yet disputes are an unavoidable part of its implementation. The GST Appellate Tribunal (GSTAT), as the second appellate authority, offers taxpayers an essential platform for challenging orders issued by the Appellate or Adjudicating Authorities. Understanding the GST Appellate Tribunal Rules, 2025, including the key appeal timelines, is crucial for businesses and tax professionals.  Ministry of Finance Notification On… Read More »GST Appellate Tribunal Rules 2025 and Key Timelines

GST on Rental Income – A Complete Concept of taxability

With the recent 47th GST Council meeting and a lot of notification issued by CBIC, one of the major topic of discussion is GST on “Rental Income”. According to the Schedule II of CGST Act, 2017:- Land and Building (a) Any lease, tenancy, easement, license to occupy land is supply of service. (b) Any lease or letting out of the building which includes a commercial, industrial, or residential complex for… Read More »GST on Rental Income – A Complete Concept of taxability

How to Make the Most of Bitcoin Volatility

The term Volatility is used to refer to rapid price movements in the value of any asset, including Bitcoin or any cryptocurrencies. The price of this crypto currency has repeatedly moved upwards and downwards within the day by between 5% & 15%. The volatility of this digital currency is gauged by sampling how far away the price of the coin behaves from where it was from a specific point in… Read More »How to Make the Most of Bitcoin Volatility

New TDS Provisions (Section 194R & 194S) applicable from 01 July 2022

It is an effort of Direct Taxes Committee to update members regarding any changes or amendments made in Direct Taxes. Section 194R & Section 194S was inserted in Income-tax Act, 1961 vide Finance Act 2022. Section 194R: Deduction of Tax on benefit or perquisite in respect of business or profession: The section provides that a person responsible for providing to a resident, any benefit or perquisite, whether convertible into money… Read More »New TDS Provisions (Section 194R & 194S) applicable from 01 July 2022

Why Do Central Banks Raise Interest Rates?

When the Central bank (In terms of India it is Reserve Bank of India, in the USA it is Federal Reserve System) raises interest rates, It is a piece of big news. It can send waves across the whole economy. Increasing interest rate is the primary tool used by the central bank to manage inflation in the economy. Today through this article, we will understand why the central bank raises… Read More »Why Do Central Banks Raise Interest Rates?

What are the Advantages of GeM Registration?

For empowering small traders & manufacturers, the central government launched a transparent e-Marketplace which is known as GeM. Government e-Marketplace is commonly known as GeM. Any small trader or manufacturer can get a GeM registration for their business in very easy way. What Is Gem? The Government e-Marketplace (GeM) is commonly an e-commerce portal operated by the GoI. It is an online platform where sellers & government buyers meet to… Read More »What are the Advantages of GeM Registration?

Salary Income – Answer to Common issues

In this article we will explain what is Salary Income? What are allowance? What is TDS on Salary, Taxability of Reimbursement of Expenses? What is Form 12BB? When relief under Income Tax Act- section 89 is available, standard deduction on Salary, effective date of enhancement of limit of gratuity from INR 10 lacs – INR 20 lacs for purpose of tax exemption computation u/s 10(10)(ii) etc. A salary is a… Read More »Salary Income – Answer to Common issues

Taxation of Gains on Crypto Currencies

A crypto currency establishes themselves as a new form of digital money. With crypto currencies, an individual may be able to get rid of banks & other centralized middlemen altogether. This is happening because crypto currencies rely on a technology named as block chain, which is decentralized (meaning no single entity is in charge of it). Millions of Indians have invested in crypto currencies and have made large gains in… Read More »Taxation of Gains on Crypto Currencies

The Rise of Crypto Currency in Business

Nowadays numbers of companies globally are using bitcoin and other digital currencies for the purpose of investment, operation, and transaction. Why consider using crypto? Crypto currencies are growing day by day and number of companies are using bitcoin and other crypto currencies for investment and other kind of activities. The use of crypto for managing business presents a host of opportunities & challenges. As with any things, there are two… Read More »The Rise of Crypto Currency in Business