GST in India is steadily moving toward a system-driven, automated compliance environment, where returns will be generated automatically and taxpayers will mainly review and confirm data instead of preparing or editing returns. In this evolving ecosystem, the accuracy and quality of the data you submit today will determine how seamless your GST compliance becomes tomorrow. 1. Automated Returns and the Direction GST Is Headed The…
In a significant move for India’s corporate landscape, the Ministry of Corporate Affairs (MCA) has again expanded the definition of a “Small Company” under the Companies Act, 2013. The revised thresholds — ₹10 crore paid-up capital and ₹100 crore turnover — mark a major step toward reducing compliance burdens for the country’s rapidly growing private companies. This update brings thousands of companies under a lighter…
Ever wondered whether your business truly needs an audit? For many small and mid-sized companies, the answer is no — but that doesn’t mean you should overlook professional financial reporting. Meet SRS 4410 (Revised) – the ICAI standard that powers a smarter, simpler, and more efficient way to present your financials through a Compilation Engagement. What Is SRS 4410 – and Why It Matters SRS…
The Importer Exporter Code (IEC) is a unique 10-digit code issued by the Director General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India. It is mandatory for any entity engaged in import and export activities in India to obtain this code. The IEC Code is a key identification number for businesses involved in foreign trade. This code is used for various…
