Whilst we all are looking forward to welcome the New Year 2022, there are certain important changes in GST Law, which are waiting to grab our attention as those will...
Posted by | December 24, 2021
E-commerce operators (ECOs) such as Swiggy and Zomato shall be subjected to furnish 5% GST upon the restaurant services supplied from 1st January may be heckling with the generation of invoices on...
Posted by | December 16, 2021
The Government of India (GoI) aspires to vitalize foreign capital to involve in India’s growth journey, and International Financial Services Centre (IFSC) is its initiative to achieve this. GIFT City...
Posted by | December 10, 2021
With the technology advancements under the automobile sector resulting in increasing affordability, India has seen a significant rise in the demand of vehicles. Ones who cannot pay cash upfront are...
Posted by | December 3, 2021
Liberalized Remittance Scheme (LRS) was introduced in 2004 by the Reserve Bank of India (RBI) as a liberalization measure to facilitate resident individuals to remit funds abroad for permitted current...
Posted by | November 27, 2021
Generally, corporates adopt dividend route to distribute cash profits to shareholders. Another available alternative to distribute profits is in the form of share buyback given that company has surplus cash....
Posted by | November 19, 2021
Background The Audit under section 65 of CGST Act, by the GST Authorities is the process of examination of records, returns and other documents maintained by a taxable person. The...
Posted by | November 12, 2021
Digitalization has changed the face of the accounting industry. It has offered more flexibility and mobility to the tasks, which in turn has increased the productivity of accounting professionals. The...
Posted by | November 8, 2021
Income Tax Department has rolled out the new Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to...
Posted by | November 1, 2021
Finance Act 2021 amended the provisions of section 147 & 148 which came into effect from 1st April 2021. Earlier Section 147 allowed the assessing officer to issue notice to...
