HERE ARE SOME THINGS YOU MUST KNOW…. E-commerce has transformed the way business is done in India. Much of the growth for the industry has been…

Introduction: Having effective internal controls is one of the most vital aspects of any organization’s operation. Among organizations that need effective operating internal controls, Charitable Institutions…

I. Introduction: Imports and exports play a crucial role in not only determining but also ascertaining the economic health of the country. Though Imports are discouraged,…

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…

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…

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…

MEANING OF JOB WORK: Section 2(68) of the Act, defines “job work” as any treatment or process undertaken by a person on goods belonging to another…

INTRODUCTION Nowadays, Business restructuring has become vital for businesses in quite a few industries today. This is because Covid-19 has impacted them a lot and in…

Introduction In case of GST, tax is payable on ad-valorem basis i.e., percentage of value of the supply of goods or services. Thus, it becomes important…