Archit Gupta

The Government has introduced the Invoice Management System (IMS) as a transformational solution for GST invoice compliance.

Invoice Management System under GST: The true enabler for accurate Input Tax Credit claims

by Archit Gupta |Dec 19, 2024

For enterprises, an accurate input tax credit claim is not just a regulatory requirement but a critical financial imperative that directly impacts bottom-line performance.

Investing in NPS is one of the best ways to save taxes and plan retirement

National Pension Scheme: Tax deduction and retirement benefits of subscribing to NPS

by Archit Gupta |Oct 12, 2020

Unlike other schemes, you are not allowed to withdraw the entire amount accumulated in your NPS account on your retirement

The lockdown restrictions that were placed in order to prevent the spread of coronavirus infection led the government to extend the deadline to make tax-saving investments for FY20

Not made enough tax-saving investments for FY20? You can still do so; here's how

by Archit Gupta |Jun 18, 2020

If you have already made enough tax-saving investments or have exhausted your Section 80C limit, you can opt to claim deductions on tax-saving investments that you are going to make (during this exten...

The threshold limit for registration under GST for suppliers of goods has been increased to Rs 40 lakh from Rs 20 lakh.

How recent amendments in GST will benefit registered taxpayers?

by Archit Gupta |Aug 21, 2019

As far as the filing of returns go, section 39 of the CGST Act has been amended to introduce a new option for specified taxpayers to furnish their returns on a quarterly basis, instead of monthly

The income tax return due date is fast approaching (now extended to August 31).

Filing your returns? Know which ITR form is relevant for you

by Archit Gupta |Jul 24, 2019

All taxpayers (except taxpayers above 80 years and filing ITR-1 or ITR-4) have to file their income tax returns online.

The revised format of Form 16 includes disclosure of the income earned from 'Other sources'.

Filing ITR- Understand your Form 16

by Archit Gupta |Jul 19, 2019

Form 16 has two segments - Part A and Part B. If you misplace or lose your Form 16, then you can request a duplicate copy from your employer.

Union Budget 2019: Financial experts and economists may assess the Budget based on complex parameters; however, relief with respect to taxation is the only thing which matters to most of the taxpayers.

Union Budget 2019: Everything a common man should know about

by Archit Gupta |Jul 8, 2019

Union Budget 2019: With an aim to promote the usage of electric vehicles, a taxpayer will now get an additional tax deduction of Rs 1.5 lakh under section 80EEB on the interest he or she pays on a loa...

Taxpayers registered under goods and services tax (GST) are all set to file their annual returns in the form GSTR-9 for the first time this June.

How to avoid credit mismatch while filing GSTR-9

by Archit Gupta |Jun 14, 2019

For credit that has already been claimed in the GSTR-3B return, as well as credit claimed in the auto-generated GSTR-2A return, it is imperative that this matches with the books of accounts, and the G...