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With the rapid rise of cryptocurrencies and other virtual digital assets (VDAs), it’s crucial for traders, investors, and enthusiasts to...

Dealers registered under the former Value-Added Tax (VAT) law are granted an 11-digit number called the Tax Identification Number (TIN)....

Form 3CD  is a key component of the tax audit process, offering a structured format for reporting a taxpayer’s financial information. As...

Over the years, the Income Tax Act of India  has been amended multiple times to guarantee an equitable and transparent tax system in...

A Show Cause Notice (SCN) is a critical instrument in the Goods and Services Tax (GST)  framework in India. It serves as a formal...

The Goods and Services Tax, sometimes known as the GST, is a tax that was recently added to the Indian tax system and is assessed on the...

Businesses that have registered for GST may issue bills of supply rather than tax invoices. It is used by companies that deal with...

In India, numerous audits are carried out under the SGST and CGST statutes. To comply with GST, taxpayers must determine their GST tax...

A special tax known as a cess is imposed in addition to other taxes already in place. Funds are raised by the central government for...