16 Mar, 2023
Introduction Credit Suisse, one of the leading Swiss lenders, has been making headlines for all the wrong reasons lately. The bank has been struggling to deal with a series of financial and legal issues that have raised concerns about its future. In this article, we delve deeper into the problems facing Credit Suisse and get […]
Read More13 Mar, 2023
The Income Tax Department has taken a significant stride in promoting voluntary tax compliance and facilitating a transparent and non-intrusive tax administration through its e-Verification Scheme, 2021. The Scheme utilizes information technology to share and verify financial transaction information with taxpayers that may have been unreported or under-reported in their Income Tax Returns (ITRs). Collecting […]
Read More12 Mar, 2023
Who is Mohit Joshi? Mohit Joshi is the new MD and CEO of Tech Mahindra, one of the leading IT services companies in India. He joined the company in 2002 and has been an integral part of its growth story over the years. Joshi is a seasoned industry professional with extensive experience in the IT […]
Read More10 Mar, 2023
The online gaming industry in India is facing an uncertain future due to the recent decision of the Goods and Services Tax (GST) Council to increase the tax rate on gaming companies to a uniform rate of 28%. This move could have devastating consequences on the industry’s growth, technological capabilities, user experience, consumer welfare, employment […]
Read More08 Mar, 2023
The evolution of the GST system has been shaped by several changes and advancements in technology, but the extent to which technology has contributed to compliance improvement is uncertain. In 2023, the impact of technology on GST trends will be more evident, particularly in the ITC Claim process, which is set to become even more […]
Read More08 Mar, 2023
In the midst of the Digital India revolution, the gifting industry has undergone a significant transformation. With the rise in popularity of gift cards, E-vouchers, cash-back vouchers, and other forms of vouchers, buyers and receivers are presented with greater flexibility and convenience in their purchasing and usage. From weddings to corporate rewards to promotional schemes, […]
Read More08 Mar, 2023
The GST Network (GSTN) has taken another step towards digitizing the business process flow by launching e-invoice registration services through multiple private IRPs (Invoice Registration Portals) on the recommendation of the GST Council. Four private companies, namely ClearTax, Cygnet, E&Y, and IRIS Business Ltd., have been empanelled by GSTN to provide e-invoice registration services to […]
Read More08 Mar, 2023
E-way bill generation experienced a dip in February, hitting a three-month low of over 8.18 crore, as compared to over 8.24 crore and 8.41 crore in January and December, respectively. While February data is based on 28 days, the numbers for January and December are based on 31 days. The total number of e-way bills […]
Read More08 Mar, 2023
The Indian government has made a significant move to tighten its regulation of cryptocurrencies by bringing crypto transactions under the ambit of the Prevention of Money Laundering Act (PMLA). The move will have implications for investors and businesses dealing in virtual digital assets. Here’s what you need to know about the latest regulatory changes: What […]
Read More08 Mar, 2023
In an effort to streamline the address verification process and ensure the accuracy of address details, the Goods and Services Tax Network (GSTN) in India has recently launched a new feature on the GST Portal. This feature allows taxpayers to geocode their principal place of business address, which essentially means converting the address into geographic […]
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