How to Manage GST Tax Invoices, E-Way Bills, and E-Invoices Effectively
06 Nov 2024
In today's fast-paced business environment, efficient management of tax invoices, e-way bills, and e-invoices is crucial for compliance under GST (Goods and Services Tax) in India. Keeping a prope...
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New GST Amnesty Scheme: Interest and Penalty Waiver Starting November 2024 – Who Benefits and How to Apply
06 Nov 2024
The Indian government has introduced a new GST Amnesty Scheme, effective from November 1, 2024, offering much-needed relief for taxpayers with pending GST dues. This scheme will provide waivers on int...
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New GST Provisions for Metal Scrap Transactions: Key Updates as of October 2024
06 Nov 2024
In a significant move to enhance tax compliance within the metal scrap industry, the Goods and Services Tax Network (GSTN) has issued an advisory dated October 14, 2024, highlighting new GST provision...
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Centre Reviews Upper Wage Limit for EPFO Contributions and Pension Scheme
06 Nov 2024
In a significant move aimed at improving social security for workers, the central government is considering changes to the Employees’ Provident Fund Organisation (EPFO) and the Employees’ ...
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Phased Archival of GST Data: What Taxpayers Need to Know and How to Stay Prepared
26 Sep 2024
As the Goods and Services Tax (GST) regime evolves in India, the GST Network (GSTN) is now implementing a phased archival of older GST data. This process is aimed at optimizing system performance, man...
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TAX AUDIT CHALLENGES FOR CONTRACTORS: A CASE OF MISMATCHED GST, TDS, AND BANK RECORDS
20 Sep 2024
For contractors, especially those in regions like Arunachal Pradesh, managing finances and ensuring compliance with tax regulations can be daunting. This becomes even more complex during tax audits, w...
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COMMON MISTAKES TO AVOID DURING AN INCOME TAX AUDIT
13 Sep 2024
Undergoing an income tax audit can be a stressful process, but with the right preparation and knowledge, it doesn’t have to be. One of the key ways to ensure a smooth audit experience is to avoi...
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UNDERSTANDING THE INCOME TAX AUDIT PROCESS IN INDIA: A COMPLETE GUIDE
05 Sep 2024
Tax audits can sound intimidating, but they’re a standard procedure to ensure that businesses and individuals comply with the income tax laws of India. Whether you’re a small business owne...
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Why GST Reconciliation Is Crucial for Every Taxpayer in India
31 Aug 2024
In the ever-evolving landscape of taxation in India, GST (Goods and Services Tax) stands out as a significant reform that has streamlined the tax system. However, with its complexities come the challe...
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Why Tax Filing Is Important for Everyone in India: Facts and Insights
24 Aug 2024
Tax filing is often seen as a complex and tedious task, but it’s an essential responsibility for every citizen of India, regardless of caste, category, or income level. Whether you belong to the...
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