What is E – Invoicing System? An E-Invoicing system is a digital solution for generating, sending, receiving, and storing invoices electronically. It replaces conventional paper forms of invoices by an electronic format that is accepted across organizations, suppliers and government departments. The system is effective in streamlining the process of creating invoices and the accuracy, […]
Read MoreIntroduction of Invoice Management System (IMS) In this article we will discuss about the new invoice management system in GST, The current Goods and Services Tax (GST) structure in India will face alterations from October 1, 2024, which involves the overall efficiency of invoices used to help out in compliance. As Known in the recent […]
Read MoreDid u get Income tax Notice or Not Get Income Tax Refund ? if yes so , the same is issued check the reason of same in that notice, same could be find after under the notice received from income tax Department :- If this is reason than check your Filed Return carefully , under […]
Read MoreUnified Pension Scheme In a major reshuffle, the Cabinet of Prime Minister Narendra Modi on Saturday cleared the Unified Pension Scheme or UPS for central government employees. This step is meant for ensuring assured pensions, family pensions along with minimum pensions to 23 lakh government employees. The scheme has provision and will be implemented from […]
Read MoreWhat is Tax clearance certificate (TCC)? An income tax clearance certificate as the name goes, is a document issued by the Indian tax departments to indicate that you do not owe any taxes. It is issued by the revenue department of the state government. This is the question which was to be answered and so […]
Read MoreSection 17(5) of CGST Act – Blocked Credit Under GST Section 17(5) of CGST Act, also referred to as blocked credits, is a very important provision for every regular taxpayer under GST. It defines a list of purchases on which GST is paid but businesses cannot claim these as the Input Tax Credit (ITC). In […]
Read MoreHow To Check Income Tax Refund Status For FY 2023-24 (AY 2024-25) with 3 key portals If you have filed your ‘income tax returns’ and expecting the refund for the financial year: 2023-24 with the assessment year: 2024-25, there are several ways to track your refund online. Here is how you can do it through […]
Read MoreDIFFERENCE BETWEEN GSTR 2A AND 2B In this article we will discuss about the difference between gstr 2a and 2b, When a seller files his GSTR-1 and the information is captured in GSTR 2A, we can say that GSTR-2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. It […]
Read MoreAbout the GST credit set off while filing return, is there any possibility that we can change it at the time filing of Return. Input Tax Credit, Ministry of Finance brought changes in the procedure of the order of set-off of the similar order and the said change came into force with effect from 29-03-2019. These new […]
Read MoreForm 10-IA File for Claiming Deduction under Section 80U & 80DD? You might be familiar with the deductions claimed for your investments. In this article, we will learn about claiming a deduction for the medical expenses of yourself and for dependent disabled family members as well. There are deductions for expenses incurred for yourself and […]
Read More