Work and keep learni... • 1y
Cost Inflation Index The Cost Inflation Index (CII) helps adjust the purchase price of an asset to account for inflation, making it easier to calculate capital gains tax fairly in India. The government updates the CII every year. Example: If you b
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India is planning to change the GST system from four slabs to just two. The 12% slab will come down to 5%, the 28% slab will drop to 18%, and luxury or sin goods could be taxed at a new 40% rate. This is one of the biggest tax changes since GST start
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Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3B November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods
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