With an aim to simplify tax compliance and ease the burden on taxpayers, the GST Council at its 53rd meeting has introduced sweeping reforms. Finance Minister Nirmala Sitharaman highlighted the introduction of biometric-based Aadhaar authentication for registration applicants nationwide. This is intended to curb fraudulent registrations and tax evasion. The Council also set monetary limits for appeals, reducing the financial strain on taxpayers.
In a move to foster a more taxpayer-friendly environment, the Council waived interest and penalties for initial demand notices, provided the full tax amount is cleared by March 31, 2025. These measures, alongside anticipated discussions on rate rationalization, underscore the Council's commitment to making tax compliance less cumbersome.
Furthermore, steps were taken to reduce litigation through structured initiatives. Notably, the GST Appellate Tribunals (GSTAT) will now handle cases involving amounts up to Rs 20 lakh, while matters for High Courts and the Supreme Court will have higher thresholds of Rs 1 crore and Rs 2 crore, respectively. These measures are anticipated to expedite judicial processes and provide relief to smaller taxpayers.
In a bid to facilitate easier tax compliance for smaller entities, the GST return filing deadline for GSTR-4 has been extended to June 30. Additionally, modifications have been introduced in GSTR-1, with the introduction of a new form named GSTR-1A, aimed at simplifying the reporting process.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
