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.
Continue Reading »September 2020 is considered to be a significant month for any Financial Year as it includes major compliances under the Goods & Services Act.
Continue Reading »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.
Continue Reading »Know what are new disclosures that will reflect in your Income Tax Return(ITR) Form with the implementation of faceless assessment
Continue Reading »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.
Continue Reading »Non-Filing of the Income Tax Return may result in Penalty under Section 271F of Income Tax Act, 1961, Interest under Section 234A of Income Tax Act, 1961, Non-Carry Forward of Losses, Best judgment assessment, Claim of Refund of Taxes, Prosecution for Failure to Furnish Return of Income etc.
Continue Reading »Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.
Continue Reading »Government dumps new system of GST Returns, to continue with the existing Return System
Continue Reading »there are some cities in India that have the potential of turning your gold investments into a bigger project you will definitely want to delve into.
Continue Reading »Form GSTR-9 should be filed yearly by registered taxpayers. It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year.
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