GST Tax Services

17/02/2026

23/11/2025

The new labour codes that came into effect in India (from 21 Nov 2025) introduce a lot of changes. Here are the main key points, along with their implications:

Key Points of the New Labour Codes
1. Consolidation of Laws
Four consolidated labour codes replace 29 older labour laws.
The four codes are: Code on Wages; Industrial Relations Code; Code on Social Security; and Occupational Safety, Health & Working Conditions (OSHWC) Code.

2. Universal Minimum Wage / Floor Wage Introduction of a national floor wage by the central government. Minimum wages to apply more broadly — including unorganised sector workers. States must set minimum wages above the national floor.

3. Redefinition of “Wages”
Wages now formally include basic pay, dearness allowance, retaining allowance, etc.
At least 50% of total compensation must be “wages” — this affects how PF, gratuity, and other benefits are calculated.

4. Timely Payment of Wages
Salaries must be paid by the 7th of every month.

5. Overtime Compensation
Overtime must be paid at double (2×) the normal wage rate.
Working hours: up to 8-12 hours/day, but not exceeding 48 hours/week.

6. Fixed-Term Employees (FTE)
Gratuity eligibility reduced: FTEs can get gratuity after 1 year, instead of the earlier 5 years.

7. Industrial Relations / Hiring-Firing Flexibility
Threshold for government-approval for layoffs / retrenchment / closure raised from 100 to 300 workers.
Strikes: Now requires a 14-day notice before a strike.

8. Work-From-Home / Remote Work
Work-from-home is legally permitted (in service sectors) by mutual consent.

9. Safety, Health & Working Conditions (OSHWC)
Mandatory safety standards and stronger workplace health protections.
Free annual health check-ups for workers aged 40+.
Large workplaces (500+ workers) must have safety committees.

10. Women’s Protections and Gender Equality
Equal pay for equal work mandated (including for transgender persons).
Women allowed to work night shifts (with consent + safety measures).

11. Migrant Worker Protections
Inter-state migrant workers get portability of social security benefits.
Journey allowance, displacement allowance, and annual home-visit allowance for migrant workers.

12. Simplified Compliance
One license, one registration, one return: integrated digital compliance system.
Mandatory appointment letters: every worker must get a formal employment letter.

13. Decriminalisation of Some Offences
Certain first-time offences are now replaced with monetary fines instead of imprisonment.

11/09/2024

GST Council Approves Amnesty Scheme for Tax Demands u/s 73 for 2017-18, 2018-19 and 2019-20

The 54th GST Council meeting has given the green light to a much-anticipated amnesty scheme that will allow taxpayers to waive interest or penalty on tax demands under Section 73 of the CGST Act for the financial years 2017-18, 2018-19, and 2019-20.
The Council has recommended the insertion of Rule 164 in the CGST Rules, 2017, along with specific forms, outlining the procedure and conditions for availing this benefit. The scheme will be available to registered persons who pay their outstanding tax liabilities by March 31, 2025.

23/07/2024

Important key insights from union budget for the f.y 2024-25
1. Mudra loan limit increased to 20 lakh
2. Lower stamp duty for property purchased by women
3. TDS rates merged 5 % to 2%
4. TDS on e commerce reduced to 0.1 %
5. New regime standard deduction from 50000 to 75000
6. Family pension exemption 15000 to 25000
7. New Tax Regime slab : 0-3 lakhs - Nil, 3-7 Lakhs - 5 percent, 7-10 lakhs - 10 percent, 10-12 lakhs - 15 percent, 12-15 lakhs - 20 percent and above 15 lakhs- 30 percent
8. STCG Tax Rate at 20% LTCG will attract a Tax Rate of 12.5% - *Period of 2 years for LT*
9. TDS applicable 10% if any salary or remuneration paid to partner's.
10. Corporate tax reduced on foreign companies from 40% to 35%.

24/06/2024

05/01/2024

Amendment to Integrated Tax Rates: Notification 01/2024 Updates Schedule I – 2.5%

The Government of India, Ministry of Finance, has issued Notification No. 01/2024-Integrated Tax (Rate) on 3rd January 2024. This notification amends the earlier Notification No. 01/2017-Integrated Tax (Rate) dated 28th June 2017, with changes in Schedule I – 2.5%. The amendments come into effect from the 4th day of January 2024.

04/01/2024

LIC gets GST notice of Rs 806 crore; insurer says will file an appeal

State-backed insurer Life Insurance Corporation of India (LIC) has received a goods and services tax (GST) notice of Rs 806.3 crore from the Deputy Commissioner of State Tax, Mumbai. In a regulatory filing, the company said that it would file an appeal against the order.

The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore.

According to the filing, the violations include non-reversal of input tax credit (ITC), reversal of ITC availed of from reinsurance, interest on delayed payment made with GSTR-3B, interest on advance received, and less reverse charge mechanism liability disclosed in GSTR-9/3B than shown by suppliers in GSTR-1.

“Corporation shall file an appeal before Commissioner (Appeals), Mumbai, against the said order within the prescribed timelines,” LIC said, adding that the demand will not have any material impact on any of its financials, operations or other activities.

Earlier in October last year, LIC had received a GST demand order accruing to nearly Rs 37,000 for paying taxes at 12 per cent instead of 18 per cent for some invoices during the assessment year 2019-2020.

The state taxes officer in Srinagar had charged the company with a GST of Rs 10,462, a penalty amounting to Rs 20,000 and interest of Rs 6,382, aggregating to Rs 36,844.

LIC received income tax penalty notices of Rs 84 crore in October and Rs 290 crore in September. In September, the interest charged was more than Rs 107.05 crore, and the penalty cited above was Rs 16.67 crore, amounting to Rs 290.4 crore.

11/05/2023

The CBIC issued Notification No. 10/2023 central tax dated 10th May 23 to decrease the e-invoicing aggregate turnover limit from 10 crore to 5 crore w.e.f August 01,2023

11/05/2023

The CBIC issued Notification No. 10/2023 central tax dated 10th May 23 to decrease the e-invoicing aggregate turnover limit from 10 crore to 5 crore w.e.f August 01,2023

23/04/2023