The government is set to launch "Mera Bill Mera Adhikaar Scheme", a GST Invoice Incentive Scheme that offers cash incentives to consumers for uploading legitimate GST invoices.
Micro, small and medium enterprises, more popularly known as MSME, are an important sector globally and is considered as an engine of economic growth, promoting equitable development for all. To have more understanding about MSME, first let us understand its classification.
"Casual taxable person" means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in a State or a Union territory where he has no fixed place of business.
In simpler terms, GSTR-1 and GSTR-3B for the month of October is the due date for any GST Adjustments for FY 2021-22 subject to returns are furnished by 30th November.
The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act,1992.
Electronic Way Bill (E-Way Bill) is a document generated on the GST Portal evidencing the shipment of goods and include name of consignor, name of consignee, place of origin and destination.
September 2020 is considered to be a significant month for any Financial Year as it includes major compliances under the Goods & Services Act.
Digital Signatures are legally admissible in a Court of Law, as provided under the provisions of Information Technologies Act, 2000. It means that a document with Person’s Digital Signature will have same validity as its physical signature.
Know what are new disclosures that will reflect in your Income Tax Return(ITR) Form with the implementation of faceless assessment
Honourable PM Narendra Modi launched a platform for 'Transparent Taxation' for honouring the honest taxpayers on 13th August 2020. The platform brings in a transparent, efficient and accountable tax administration. It uses technology, Data Analytics and Artificial Intelligence.