Sustainable Business Practices that Promote Long-Term Growth!
In today’s business environment, sustainability is more than just a buzzword—it’s a crucial factor for long-term success. Companies that adopt sustainable practices not only reduce their environmental impact but also build stronger relationships with customers, improve operational efficiency, and create new growth opportunities. Sustainable business practices are essential for achieving long-term growth, as they help […]
Understanding ITC on Immovable Property Under the CGST Act: A Supreme Court Ruling
The Supreme Court of India recently clarified the rules for claiming Input Tax Credit (ITC) under the Central Goods and Services Tax (CGST) Act, 2017. This ruling directly impacts businesses that build commercial properties, such as malls and hotels, for renting or leasing. The Issue with ITC for Immovable Property Under the current CGST Act, […]
The Power of Business Model in Driving Business Growth!
A strong business model is the foundation of any successful company. It defines how a business creates value, generates revenue, and maintains profitability. In a competitive marketplace, the right business model can be the difference between steady growth and stagnation. In this blog, we will explore how a well-designed business model drives business growth and […]
TDS Entries: How They Affect Accounting
Tax Deducted at Source (TDS) is a vital component of the Indian tax system. Understanding TDS is essential for businesses and accountants because it impacts cash flow, compliance with tax laws, and the accuracy of financial records. This blog will explain what TDS is, its importance, how it affects accounting practices, and how to manage […]
Advisory: GSTN e-Services App to Replace e-Invoice QR Code Verifier App Shortly
The Goods and Services Tax Network (GSTN) is excited to announce the launch of the E-Invoice Verifier App. This app is a new and improved tool designed to make verifying electronic invoices (e-invoices) easier. It replaces the older e-Invoice QR Code Verifier App and offers more features. As a result, businesses can now manage their […]
October 2024 Tax Calendar: Key Dates for Compliance
As Oct 2024 approaches, it’s important for businesses, professionals, and taxpayers to stay informed about their upcoming tax filing and payment deadlines. Missing these deadlines could lead to penalties and interest charges, so staying on top of your obligations is essential. Below is a comprehensive guide to all the key dates in Oct 2024. New […]
From Manual to Automated: Digital Transforming Your Practice with Technology!
In today’s rapidly evolving business landscape, the accounting profession is undergoing significant changes. Digital transformation and automation have become essential tools for accountants to remain competitive, efficient, and relevant. Embracing these advancements can streamline workflows, reduce manual errors, and free up time for more strategic tasks. But how do you get started on this journey? […]
Restoration of Archived Return Data: An Important Update for Businesses
On September 24th, 2024, the government issued a new advisory regarding the archival of return data from the Common Portal. This process began as part of the data archival policy, aimed at improving the efficiency of the portal by removing data older than seven years. For example, data for July 2017 was archived on August […]
Ensuring Validity of Notices and Orders Without Digital Signatures: What You Need to Know
Taxpayers have expressed concerns about the legitimacy of documents like show cause notices, assessment orders, and refund orders. These documents, available on the tax portal, often don’t display visible digital signatures. This has caused confusion about whether they are officially valid. An advisory issued on September 25th, 2024, addresses these concerns. It clarifies that documents […]
Understanding TDS Under GST: A Comprehensive Guide for Payments Over ₹2.5 Lakh
Understanding TDS under GST