It is important for individuals to be good citizens by paying their taxes on time and following all major tax-related rules and regulations proposed by the government. This is crucial for the economic development of a nation. Adherence to the due date of compliances for Income Tax as well as Goods and Services Tax ( GST ) returns, statements and payments helps ensure the smooth functioning of administrative work related to tax collection.
Read More: Taxscan
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
