GSTR-2B is going to be such an auto-drafted ITC statement , which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, GSTR-5 and GSTR-6 .
TDS is required to be deducted by a person for certain payments made by them. Every Assessee who has deducted TDS is required to file TDS Returns. TDS Returns are quarterly statements, which contain the information pertaining to TDS deducted and deposited. It is submitted by person who deducted TDS i.e. TDS deductor.
Incase of cancellation of contracts, the supplier cannot sit on refund of GST to the recipient, pending receipt of refund from the GST Department
Credit Card adoption has been rising in India in recent years primarily due to two factors. Firstly, the economy has grown, and consumers are spending more due ...
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Prime Minister Narendra Modi's ambitious vision of establishing Big 8 accounting firms globally, along with nurturing four major Indian accounting firms, has garnered attention and sparked discussions
1.Scope/ ambit of job work: Issue: Whether any inputs (other than the goods provided by the principal)
IntroductionMerger and amalgamation are restructuring tool which helps companies in expansion and diversification of their business and to achieve their underly...
The Ministry of Corporate Affairs (MCA) has notified the LLP (Significant Beneficial Owners) Rules, 2023, which require all limited liability partnerships (LLPs) to identify and disclose their significant beneficial owners (SBOs).
It's time for the auditing fraternity to get out of their comfort zone of using Excel & MS office and adopt and experiment with newer technologies and scale up their business.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English