Comprehensive Guide to GST E-Invoicing: Key Updates and Implementation for Businesses

26 Mar, 2024

Introduction to GST E-Invoicing In the landscape of Indian taxation, the introduction of e-invoicing under the Goods and Services Tax (GST) regime marks a pivotal advancement towards digitizing business processes. E-invoicing, or electronic invoicing, is a system where B2B invoices are authenticated electronically by the GST Network (GSTN) for further use on the common GST […]

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CBI Initiates Inquiry Against GST Authorities Over Bribe Allegations

26 Mar, 2024

In a significant development that has sent ripples through the tax compliance community, the Central Bureau of Investigation (CBI) has launched an investigation into two superintendents of central GST and another official for their purported demand of a Rs 22 lakh bribe from a bullion trader. This alarming incident underscores the challenges businesses face in […]

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Have You Missed Linking PAN with Aadhaar? Steps to File Your ITR Effortlessly

26 Mar, 2024

As the July 31, 2024, deadline approaches for individuals exempt from audit for FY 2023-24, the perplexity around filing Income Tax Returns (ITR) with an inoperative PAN has intensified. The Income Tax Department, however, clarifies that taxpayers can still proceed with filing their returns, ensuring compliance and peace of mind. Understanding Inoperative PAN and ITR […]

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Understanding GST Interest Calculation: Essential Insights

25 Mar, 2024

Navigating through the complexities of GST regulations can sometimes feel like a daunting task, especially when it comes to the intricacies of interest calculation. To ease this burden, we’ve distilled three critical aspects of GST interest calculation that are paramount for taxpayers to grasp. Whether you’re a seasoned accountant or a business owner striving to […]

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Comprehensive Guide to Changing Your Company’s Objective or Activity in 2024

23 Mar, 2024

Introduction: In the dynamic business landscape, a company’s focus and activities may evolve. Aligning your company’s objectives with its current operations and future direction is crucial for legal compliance and strategic clarity. This guide delves into the process of changing your company’s objective or activity, as governed by Section 13(9) of the Companies Act, 2013, […]

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Understanding Company Strike Off Under the Companies Act, 2013: A Simplified Guide

23 Mar, 2024

Introduction: Begin your blog post by introducing the concept of company dissolution in India, focusing on the ‘strike off’ method as provided under Sections 248 to 252 of the Companies Act, 2013. Emphasize the significance of understanding the legal framework for entrepreneurs looking to close their businesses efficiently. Difference Between Winding Up and Striking Off […]

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Winding Up of Companies: A Comprehensive Guide Under the Companies Act

23 Mar, 2024

Introduction The winding up of a company signifies the end of its business operations and the initiation of a process to dissolve the entity legally. It involves settling debts, liquidating assets, and distributing any remaining assets among members and creditors. This comprehensive guide will delve into the winding up process as outlined by the Companies […]

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