Zenith Partner legal

With MP chandolia ji and MLA Khatri ji

Income
Tax rules

📢Delhi traders to get one-time GST amnesty scheme soon ~ CM Rekha Gupta

The announcement came during a conference organised by the Confederation of All India Traders (CAIT) at Bharat Mandapam.

📢 Key Highlights:
✅ One-Time GST Amnesty: Aimed at providing relief to traders by allowing them to settle pending dues without heavy penalties.

✅ Reduce Disputes: The initiative seeks to minimise legal conflicts and ease the compliance process for traders.

✅ Focus on Small and Medium Enterprises: Tailored to support businesses that are the backbone of our economy.

✅ Boost Business Growth: This move reflects the government's commitment to enhancing the ease of doing business in Delhi.

This is a significant opportunity for traders to overcome financial hurdles and strengthen their businesses.

Let’s take advantage of this initiative!

With new MLA “Raj Karan Khatri ji”

Bank audit

New system in gst

Direct
tax code

Changes

Happy New Year 2025 to
All

PAN version 2.0 rolled out

🔰 *Desk of Rachit Chauhan Series-569* 🔰

*Starting from September 1st, 2024, several important changes in the GST Act will affect your GST return filing process:*

*✅Reporting of High-Value Supplies* : As per Notification No. 12/2024, effective from September 2024, all supplies with a value exceeding ₹1 lakh must be reported in GSTR-1 under Table B2CL.

*✅Negative Liability Adjustment* : Taxpayers can now report negative liabilities in Table 3 of GSTR-3B, as per the same notification. These will automatically adjust in the following month's return, simplifying reconciliation.

*✅Bank Account Validation* : Requirement: From September 1st, 2024, if you haven't validated your bank account details in your GST registration, your GSTR-1/IFF will be blocked.

*✅GSTR-9 and GSTR-9C Availability* : The annual return form GSTR-9 and the reconciliation statement GSTR-9C will be activated on the GST portal, allowing for the necessary filing....