12 Apr E-Invoicing Under GST
E-invoicing within the GST framework refers to the electronic authentication of invoices as outlined by GST regulations....
Business Efficiency Tag
04 Apr Mandatory E-Invoicing for Businesses with Turnover above INR 5 Crores
The GSTN, in its recent Advisory No. 628 dated April 3, 2024, has made e-Invoicing mandatory for businesses with a turnover exceeding INR 5 crores starting from April 1, 2024....
15 Mar Enhancing Address Verification in the GST System through GEO-Coding
In India, the Goods and Services Tax (GST) system continues to evolve, aiming for improved efficiency and accuracy. One area gaining traction is GEO-Coding in Address Verification, which aims to enhance the recognition and validation of taxpayer addresses....
14 Mar CBDT Simplifies Business Reorganization ITR Filing Process for Successor Companies
The Central Board of Direct Taxes (CBDT) has issued an order on March 13, 2024, under section 119 of the Income-tax Act, 1961, providing relief to successor companies involved in business reorganizations such as amalgamations, mergers, or demergers sanctioned by competent authorities such as High...
07 Mar Timely Payment Rule for MSMEs to Begin from April 1: Finance Ministry Officials
Starting from the fiscal year 2025, the government will introduce a regulation mandating that payments to micro, small, and medium enterprises (MSMEs) must be settled within a 45-day period. Failure to comply will result in companies facing taxation on the outstanding amount, as revealed by...