I. Introduction What qualifies as a “Start-up” under the Start-up India Scheme? An entity shall be eligible to apply for Start-up Registration if: It is incorporated…
I. Introduction What qualifies as a “Start-up” under the Start-up India Scheme? An entity shall be eligible to apply for Start-up Registration if: It is incorporated…
Introduction:- Enterprise Resource Planning (ERP) is a business management software that allows an organization to leverage a suite of integrated applications by streamlining and automating processes,…
Under law, identity or recognition of a person is established by relevant documents mentioned under those laws. For example passport establishes citizenship; Aadhar Card establishes residency…
I. Introduction In the past, we had come across many financial frauds, the most manipulated corporate frauds were Satyam Scam, Enron Scandal and WorldCom scandal. The…
Do you know that high value payments or receipts made by non-audited individuals or HUFs have now come under the compliance net of direct taxes through…
Are you struggling to reconcile GSTR 2B with the books? With recent changes in GST, GTSR 2B is implemented to ensure transparency of credits availed by…
Central Government has come up with a new scheme providing for some relief to employees in the country. As we all know, due to COVID-19 pandemic,…
What does charitable activity mean under GST Act? The Goods and Services Act also specifies the criteria to be called a charitable activity. They are: I.…
One of the fundamental principle to make exports competitive in the international market is that taxes should not be exported. Hence exports to destinations outside India…
Source for Expenditure(Estimates): Sr. Sources Amount (in Lakh Crores) Percentage 1 Corporate-Tax 4.53 13% 2 Income-Tax 4.88 14% 3 Customs Duty 1.05 3% 4 Union…
Introduction E-invoicing is the proposed system where business-to-business (B2B) invoices are digitally prepared in an e-invoicing format and authenticated by the Designated Portal – Invoice Registration…
I. Introduction: Each organization and its risk environment is unique, depending on different factors, including: business type, size, resources, and laws or regulations. Hence, Risk Control…