by Team SKM | May 21, 2025 | GST, News
In a major relief for businesses, the Supreme Court upholds the use of the Electronic Credit Ledger for the mandatory 10% GST appeal pre-deposit, easing cash flow challenges during litigation. In a landmark judgment offering major relief to businesses across India,...
by Team SKM | May 19, 2025 | Updates
What is a Hindu Undivided Family (HUF)? A HUF is a legal entity that consists of all persons lineally descended from a common ancestor, including their wives and unmarried daughters. It is recognized under the Hindu Law and for income tax purposes under the Income Tax...
by Team SKM | May 17, 2025 | GST, News
The long-anticipated Goods and Services Tax Appellate Tribunal (GSTAT) is now functional, providing taxpayers, consultants, and businesses with a formal platform for resolving GST disputes. Here are 10 important takeaways to help you navigate the new appellate process...
by Team SKM | May 17, 2025 | GST, News
Stay compliant and avoid penalties by understanding these critical GST updates effective in 2025: Mandatory Multi-Factor Authentication (MFA) – Effective April 1, 2025 Starting April 1, 2025, all GST-registered taxpayers must use Multi-Factor Authentication (MFA) to...
by Team SKM | May 16, 2025 | News
MCA amends Ind AS 21 to guide firms on using estimated exchange rates when currency exchangeability is lacking. Effective April 2025. The Ministry of Corporate Affairs (MCA) has amended Ind AS 21, effective April 2025, to help companies handle foreign currency...
