Income Tax Department to validate UDIN given by CA’s in Tax Audit Reports. The Institute of Chartered Accountants of India (ICAI) has been receiving a no. of complaints of fake signatures of CAs being forged by fake CAs , So, […]

Requirement of Audit under GST in India Audit under GST  is basically the inspection of returns, records and other documents that are held by the taxpayer. Goods and Service tax or GST is one Tax that involves all the other taxes. […]

Benefits of GST for Small Business and Startups in India GST stands for Goods and Services Tax. It is an indirect tax which has replaced the other indirect taxes such as excise duty, VAT, service tax etc. in India. GST  Act […]

E-Way Bill under GST What is GST? GST stands for goods and service tax. The goods and services tax (GST) is a value-added indirect tax levied on most goods and services sold for domestic consumption. The GST is paid via […]

GST in the year 2020- Important updates Goods and Services Tax (GST) is a value added tax which was introduced for the betterment of the people. The regime stands on its decree to make it robust and efficient. Here are […]

Unique Document Identification Number (UDIN) – Frequently asked questions The UDIN (Unique Document Identification Number) is an initiative taken by ICAI in an effort to curb misrepresentation by third persons posing as Chartered Accountants who forge signatures on documents to […]

Government Launches a New scheme to facilitate small taxpayers- Quarterly Return filing & Monthly Payment of Taxes  (QRMP) The 42nd GST Council meeting decided that the taxpayers with less than Rs 5 crore annual turnover will not be required to file […]

GSTR 2A Reconciliation and Why it Could be Important Right Now Introduction Let’s be real, no one enjoys doing GSTR 2A reconciliation. It’s a tedious process that takes hours and demands a solid understanding of Input Tax Credit (ITC) and […]

Looking for the updates of the extended 42nd GST Council Meeting? Here are the most important ones-   Introduction A continuation meeting to the 42nd GST council meeting was held on 12th October, 2020 under the chairmanship of Finance minister […]