Clarification on Input Tax Credit for Optical Fiber Cable Network Components
The Ministry of Finance recently issued a crucial circular. This circular clarifies the availability of Input Tax Credit (ITC) for ducts and manholes used in optical fiber cable (OFC) networks. This update is essential for the telecommunications sector. It aims to ensure uniform implementation of the law and to prevent unnecessary litigation. Background The Cellular […]
Are You an Honest Taxpayer?
As the IT return season is upon us, a recent survey conducted by the Economic Times has brought to light a concerning trend. The survey finds that a significant majority of taxpayers are willing to resort to dubious means to avoid paying taxes. This revelation begs the question: Are you an honest taxpayer? The Importance […]
From Idea to Execution: Testing Your Business Model !
Starting a business is an exciting journey, filled with the promise of innovation, growth, and success. However, the journey from a mere idea to a fully executed business model is fraught with challenges. Testing your business model is a critical step that can determine the viability and potential success of your venture. In this blog, […]
How is the impact of AI and Blockchain redefining Electronic Health Records(EHR)?
In today’s digital world, the integration of AI and Blockchain with Electronic Health Records (EHR) promises a healthcare revolution. These technologies bring a wide range of opportunities to improve data security, interoperability, patient engagement, and overall healthcare delivery. By combining the strengths of AI and Blockchain, EHR systems can become more efficient, secure, and patient-centred. […]
Enhancements to Address-Related Fields in GST Registration Functionalities
The Goods and Services Tax Network (GSTN) has introduced several enhancements to address-related fields in the GST registration functionalities. These changes aim to improve the GST registration process for taxpayers by incorporating user feedback and analyzing tickets. Here are the details of these enhancements: 1. Update in Validations for Address Fields a. Address is in […]
Madras HC Quashes GST Order, Mandates Reassessment
Madras High Court has overturned a GST assessment order involving Ace Industrial Gases Pvt. Ltd., due to inadequate communication about the proceedings. Case Background Key Issues Ace Industrial Gases Pvt. Ltd. challenged the assessment order from November 21, 2023. They argued that the authorities did not inform them about the proceedings, as they only uploaded […]
GST Reconciliation Made Easy: Compliance Tips for Businesses
Introduction Navigating the complexities of Goods and Services Tax (GST) compliance can be a daunting task for businesses of all sizes. Ensuring accurate GST reconciliation is essential for maintaining compliance and avoiding penalties. This blog will outline the key aspects of GST reconciliation and provide a comprehensive GST compliance checklist to help businesses streamline their […]
bmX (Business Model Extensive) Workshop: Unlock Your Business Potential
Are you ready to take your business to new heights? We’re gearing up for an exhilarating journey at our Free bmX Workshop tailored for startups and established businesses alike! What’s bmX, you ask? It’s all about delving deep into your Business Model and Extensively exploring its potential! Whether you’re a budding entrepreneur or a seasoned […]
New Feature on GST Portal: Track Return Status of Registered Persons Financial Year-Wise
New functionality on the GST portal that will significantly ease the process of tracking the return status of registered taxpayers. This new feature allows you to see the status of GST taxpayers on a yearly basis through the “Search Taxpayer” tab. Key Benefits Yearly Overview Gain a comprehensive view of the return status for each […]
Elevating Sales Performance Insights with use of AI and Power BI Visualisation!
In today’s competitive business landscape, leveraging advanced technologies for sales analysis has become essential for organizations aiming to optimize their strategies and drive growth. Two powerful tools that have emerged as game-changers in this domain are AI and Power BI. AI uses cutting-edge artificial intelligence to generate human-like text and provide valuable insights through natural […]