GST Return Filing – JULY 2024 to January 25 GST UPDATES
Introduction to GST Return Filing Updates From July 2024 to January 2025, significant updates have impacted the GST return filing process. These updates focus on new deadlines, amended forms, and added features that simplify the filing process. Businesses need to be aware of these changes to stay compliant and avoid penalties. Key Changes in GST […]
GST Recent Amendments – July 2024 to January 2025 Updates
Introduction: Staying updated with GST changes is essential for businesses. The amendments introduced between July 2024 and January 2025 bring significant updates. These modifications impact compliance procedures, tax rates, and industry-specific regulations. By understanding these changes, businesses can remain compliant and avoid penalties. Key Changes and Updates Sr. No Blogs 1 New ISD Registration Requirement […]
GST ITC – Key Updates from July 2024 to January 2025
GST compliance has changed significantly in recent months. The introduction of the Invoice Management System (IMS), revised ITC rules, and improved transparency tools are key updates. These changes simplify tax reporting, reduce mismatches, and enhance accuracy. Sr. No Blogs 1 RCM Liability/ITC Statement: A New Transparency Tool on the GST Portal 2 Understanding the Invoice […]
GST Refund Updates – July 2024 to January 2025
Overview: The period between July 2024 and January 2025 has seen several key updates and clarifications regarding GST refunds, especially for exporters. These changes are designed to streamline processes, reduce compliance burdens, and ensure quicker refunds. In this blog, we will cover all the important GST refund-related developments during this period, along with guidelines for […]
Union Budget 2025 Expectations: A Comprehensive Analysis
As the 2025-26 financial year approaches, Finance Minister Nirmala Sitharaman faces the task of addressing pressing economic challenges while steering India toward sustainable growth. With multiple sectors sharing their expectations, this budget has the potential to reshape the country’s economic trajectory. Below is a sector-wise overview of the primary expectations from the Union Budget 2025. […]
What Are the Challenges of Business Valuation Beyond Financial Metrics?
Introduction In the realm of business valuation, investors and analysts often depend on various financial techniques, such as the Discounted Cash Flow (DCF) model and market comparable, to estimate a company’s worth. However, the process is rarely as straightforward as these structured approaches suggest. For instance, the DCF method relies on forecasting future cash flows […]
Essential Updates to GST E-Way Bill and E-Invoice Systems Starting January 2025
The Goods and Services Tax Network (GSTN) has unveiled significant updates to the E-Way Bill and E-Invoice systems, set to take effect on 1st January 2025. These updates aim to fortify compliance, enhance security, and integrate transportation systems seamlessly. Here’s everything you need to know to stay prepared and compliant. 1. Stricter Rules for Document […]
Advisory for Waiver Scheme under Section 128A
The GST Network (GSTN) has issued an important advisory concerning the Waiver Scheme under Section 128A. Taxpayers are strongly advised to review the details and follow the necessary steps to avail of the benefits offered under this scheme. Key Highlights of the Advisory 1. Reference to the Advisory Issued by GSTN GSTN released an advisory […]
Maharashtra Govt Forgives INR 27,000 Crore Under GST Amnesty Scheme
The Maharashtra Government has introduced an Amnesty Scheme under the Goods and Services Tax (GST) regime, waiving INR 27,000 crore in penalties and interest for liabilities accrued between FY 2017 and 2020. Announced by Deputy Chief Minister Ajit Pawar in the state legislature, the scheme allows businesses and taxpayers to settle their dues without additional […]
Top 7 Challenges in Digital Accounting and How to Overcome Them!
Digital accounting has revolutionized the way businesses manage finances, offering enhanced efficiency, accuracy, and real-time insights. However, transitioning to digital accounting is not without its challenges. Many businesses encounter roadblocks when implementing or utilizing digital solutions effectively. Understanding these challenges is the first step toward overcoming them. In this blog, we’ll explore the top 7 […]