GST
Audit Notice under GST
Introduction GST, or Goods and Services Tax, is a tax system used in many countries to collect tax on goods and services. It’s like a
May 14, 2024
No Comments
Tax
Latest Official Tax (Income Tax + TDS) Updates by CBDT India
Introduction The Indian taxation system is dynamic, constantly adapting to the economic climate and policy shifts. The Central Board of Direct Taxes (CBDT), as the
May 2, 2024
No Comments
Place of Supply
Challenges And Best Practices In Managing Place Of Supply For Imports: Accuracy And Compliance
Introduction Businesses, both old and new, need to have a thorough understanding of the place of supply, as it holds significant importance in national and
February 2, 2024
No Comments
E-Invoicing
Serial Numbering and Invoice Sequence for Tax Invoices on Services
Introduction A tax invoice is a comprehensive record detailing the goods or services exchanged between a seller and a buyer. This legally binding document is
January 19, 2024
No Comments
GST
Duplicate and Revised Tax Invoices for Services: Procedures and Documentation
Introduction The Goods and Services Tax (GST) framework requires businesses to comprehensively understand procedures and documentation to navigate the intricacies of tax invoicing. One aspect
January 18, 2024
No Comments
E-Invoicing
Serial Numbering and Invoice Sequence for Tax Invoices on Goods
In the complex world of business and taxation, the importance of proper documentation cannot be overstated. One crucial aspect of this documentation is creating and
January 16, 2024
No Comments
GST
How is the place of supply determined for services?
By the Goods and Services Tax Law, taxpayers are obligated to pay tax based on the time and location of the supply. The place of
December 19, 2023
No Comments
GST
What Should I Use For Inclusive Tax Computation?
It is typical for businesses to send and receive invoices for products or services that include Tax in the total cost. “Inclusive of tax” refers
December 11, 2023
No Comments
GST
How Does the Place Of Supply Affect Tax Determination?
Under the GST guidelines, when a transaction happens, the location of the person receiving the services or the goods is considered the place of supply.
November 30, 2023
No Comments
GST
The Evolution of India’s Tax System and GST
India adopted a new tax code after it gained independence from the United Kingdom in 1947, and since then, it has been making various changes
November 26, 2023
No Comments
E-Invoicing
Mandatory Information to Include in a Tax Invoice for Goods
Running a business involves many tasks, and managing invoices is a key part of the process. A well-crafted tax invoice is more than just a
November 25, 2023
No Comments
Tax
Common tax mistakes to avoid
Taxes are already one of the biggest liabilities for any business that they can’t really avoid. But, while filing tax returns, businesses generally make a
November 23, 2023
No Comments
GST
What are The Consequences Of Issuing a Tax Invoice Late?
It may seem minor, but sending tax invoices on time dramatically impacts the complicated web of financial transactions and legal compliance. Tax invoices are a
November 23, 2023
No Comments
GST
Rounding Off Tax Under GST (Section 170)
In thе rеalm of businеss, it’s common to comе across scеnarios whеrе tax amounts еnd up as dеcimal figurеs. In such instances, the question of
November 11, 2023
No Comments
E-Invoicing
How to Claim Input Tax Credit for E-invoices
Circa 2017: The Goods and Services Tax (GST) introduced in July of 2017 faced many challenges. It took 17 long years for this to be
November 11, 2023
No Comments
GST Update
How to Reduce Your Tax Burden Without Breaking the Law?
The Indian taxation system is one of the complex systems under which businesses have to pay heavy taxes. It takes up a significant portion of
November 9, 2023
No Comments
GST
Tax Implications Of The New GST Regime
GST (Goods and Services Tax) is an indirect tax levied upon the trading of goods and services across the country. It was implemented on 1
November 9, 2023
No Comments
GST
The Role of GST in Tax Simplification
Complexity has always been a concern in taxes, leading to confusion, inefficiency, and, in many cases, a cost for companies. However, the implementation of the
November 7, 2023
No Comments