RCM Time of Supply Rule Changes Effective from November 1, 2024: What Businesses Need to Know
The Central Board of Indirect Taxes and Customs (CBIC) has introduced critical updates to the Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST), effective from November 1, 2024. These changes aim to enhance compliance, streamline self-invoicing, and ensure accurate input tax credit (ITC) claims. Here’s a detailed breakdown of the updates and […]
Why Virtual CFOs Are a Game-Changer for SMEs!
Small and Medium Enterprises (SMEs) are the backbone of the global economy, driving innovation, job creation, and local development. However, many SMEs struggle to balance growth aspirations with financial challenges, often lacking the resources to hire a full-time Chief Financial Officer (CFO). This is where Virtual CFOs (Chief Financial Officers) step in as a transformative […]
December 2024 Tax Compliance Calendar: Deadlines You Can’t Miss
Managing tax compliance is essential for businesses. Missing key deadlines can lead to penalties, which can be avoided by careful planning. The December 2024 Tax Compliance Calendar outlines important dates for tax filings, payments, and submissions. Let’s explore the key deadlines and how you can meet them effectively. Important Tax Deadlines in December 2024 December […]