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Coming Soon: Gst E-invoicing From April 1, 2020
Feb 18, 2020 by Admin
Government of India is all set to rollout a GST System wherein e-invoices will be generated and new GST Return Format will be introduced from 1 April, 2020. The move aims
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Highlights Of Budget 2020
Feb 03, 2020 by Admin
Budget 2020-21: New Tax Regime
1. No change in Tax Rates, Surcharge and Cess. They wil LEARN MORE
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Fastag Registration Procedure
Nov 26, 2019 by Admin
December 1: The deadline for the mandatory use of Fastag at Toll Plazas on all National Highways (NH) across India is closing-in. With only 5 days to buy Fastag, it might
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No Fastag? Pay The Double Toll Fee From Dec 1, 2019
Nov 21, 2019 by Admin
The Ministry of Road Transport and Highways has made FASTAG mandatory for all vehicles from 1 December 2019 under the National Electronic Toll Collection (NETC) program fo
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Aadhar Updation: Limited Updates Only
Nov 12, 2019 by Admin
Thinking of updating your details in Aadhaar Card? Think twice before filing for the changes, you have to be sure what you want to update and if you can actually update it
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Stop Predatory Pricing: Piyush Goyal To E-commerce Companies
Nov 08, 2019 by Admin
The e-Commerce Companies have been warned against predatory pricing on their platforms and flouting foreign direct investment (FDI) rules. Commerce and Industry Minister
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Good News For Traders, Gst Refund Online
Nov 01, 2019 by Admin
The GST network has started online processing of refunds on Thursday, September 25, 2019. With the introduction of this service, taxpayers will be able to fill the refund
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Cashback/discounts Discontinued On Credit Card Payments At Petrol Pumps
Sep 26, 2019 by Admin
Almost 3 years after demonetisation, Oil Companies have decided to lay off the Cash back discounts on the purchase of fuel with CREDIT CARDS. ‘0.75%’ was set on fuel t
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E-assessment: ‘faceless’ Tax Filing
Sep 14, 2019 by Admin
As announced by Hon’ble Finance Minister Nirmala Sitharaman in her Budget speech, the income tax department has started e-assessment of Income Tax Returns(ITR). The Go
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Deduct Tds On Payments To Contractors & Professionals From Sept 1
Aug 31, 2019 by Admin
With effect from September 1, 2019, any person being an individual or HUF(Hindu Undivided Family) making payment to a contractor or a professional or brokerage more th
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Coming Soon: Pre-filled Itr Forms
Aug 21, 2019 by Admin
IT DEPT to Seek investment data from SEBI, Banks to follow-up soon.
Imagine of the day when you no longer have to file details of your investments and interes
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Sms Alerts For Discrepancies In Returns Filed, Gst Non-payment
Jul 13, 2019 by Admin
The GSTN is working on a system whereby SMS alerts will be sent to the Directors, Promoters and Proprietors through automated system in case of any default in payment of t
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Gst Payers To Get ‘risk Scores’
Jun 28, 2019 by Admin
In the first ever audit exercise under the Goods and Services Tax (GST) system, taxpayers will be divided into three categories based on turnover and subsequent ‘Risk Sc
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Fingerprint Your Messages On Whatsapp For Traceability
Jun 19, 2019 by Admin
Government of India has asked WhatsApp to have digital fingerprint policy on every message sent on its platform to ensure the traceability of the content shared on Whatsap
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Gstn Providing Free Accounting, Billing Software
May 31, 2019 by Admin
GST Network (GSTN) is offering free accounting and billing software to MSME businesses with annual turnover of up to Rs 1.5 crore. The software would help businesses creat
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Gst Refund To Become Hassle-free
May 29, 2019 by Admin
This coming August the GST Refund is supposed to get hassle-free with the introduction of single approving authority for processing GST Refunds. The existing mechanism inv
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No Gst On Sales At Duty-free Stores
May 27, 2019 by Admin
A ruling by Allahabad High Court on GST at Duty-Free Stores brings relief for international travellers buying perfumes, chocolates and liquor at the duty free stores. Unti
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Online Invoicing: Another Move To Check Gst Evasion
May 27, 2019 by Admin
In order to keep a check on GST evasion, the Government of India has further brought a move, which would restrict businesses to generate paper bill/invoice, or invoices ge
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Government Making Gst Evasion Further More Difficult
May 09, 2019 by Admin
The Finance Ministry has introduced changes in the e-way bill system, including auto calculation of distance based on PIN codes for generation of e-way bill and blocking g
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E-way Bills Under Scrutiny
Apr 10, 2019 by Admin
In the measures to curb tax evasion and plug the gap in the e-way bill generation system, government is investigating and seeking clarification from companies whose tax pa
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India’s Crackdown On Chinese E-commerce Platforms
Apr 09, 2019 by Admin
In another major move in the E-commerce Industry, the Government of India has started a major crackdown against the Chinese E-commerce platforms for flouting Indian Laws a
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Gstr-9: Filing The First-ever Annual Return For Financial Year 2017-18
Apr 01, 2019 by Admin
GSTR 9, the annual return to be filed once in a year by the registered taxpayers under GST has got extension till June 30, 2019. Being filed for the first time, there
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It Scrutiny On The Way; Have You Paid Your Taxes?
Mar 25, 2019 by Admin
In it’s endeavor to increase the tax base and to keep a check on defaulter, the IT Department has set up the Centralized Verification Centre(CenVC) and is planning to is
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Going Cardless: Cash Without Cards
Mar 22, 2019 by Admin
In another move to make banking & cash withdrawal further secure, the leading bank SBI has introduced the cardless withdrawal facility at its ATMs where you can withdraw c
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Aadhar Ecosystem: Linking Pan With Aadhar
Mar 12, 2019 by Admin
In the existing Aadhar ecosystem now comes mandatory linking of Aadhar with PAN(Permanent Account Number). In case you haven’t got your Aadhar Card linked with your PAN
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Cloud Kitchen: From Cloud Computing To Cloud Kitchen
Feb 21, 2019 by Admin
“Cloud kitchen” is a new concept in restaurants, its mini-kitchen that only caters to online food delivery orders. No dine-in and no customer take-out either, just onl
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Generating Udin
Feb 20, 2019 by Admin
Unique Document Identification Number (UDIN) is an 18 character unique number, which will be generated by the system for every document certified/ attested by a Chartered
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Artificial Intelligence & Finance Sector
Feb 16, 2019 by Admin
Artificial Intelligence and the finance industry is a match made in heaven. The financial sector relies heavily on accuracy, real-time reporting and processing high volume
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Chatbots: Artificial Intelligence
Feb 11, 2019 by Admin
A bot is any software that performs an automated task; a Chatbot is artificial intelligence software that can have a conversation with a human.
Chatbot is hu
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Get Your It Returns Processed In A Day
Jan 17, 2019 by Admin
In another revolutionary move in Taxation & Returns, Government of India has given a nod to Integrated E-filing and Centralized Processing Centre 2.0 Project of the Income
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