September 2, 2022

September 2, 2022
Sameep Mohite

India’s 50 million small and medium-sized companies provide about 40% of the country’s GDP (MSMEs). In addition, the industry contributes to the nation’s industrial output, employment, and exports. e-Invoicing for MSMEs beneficial for the all small and medium sized firms, article speaks on 5 critical challenges business might be face in future.The daily operations of

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August 31, 2022

August 31, 2022
CA Poonam Gandhi

47th GST Council Meeting was conducted on two days i.e. 28th June 2022 and 29th June 2022 under the Chairmanship of the Finance Minister of India Shrimati Nirmala Sitharaman. In that meeting, it was recommended to revise the scope of exemption with regard to pre-packaged and labelled goods. This article brief on GST applicability on

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August 31, 2022

August 31, 2022
CA Poonam Gandhi

Lots of recommendations, some in favour of the registered person and some against, were done vide the 47th GST Council Meeting. Two such favourable recommendations with regard to interest on late payment of GST were –It was recommended to notify section 111 of the Finance Act, 2022 at the earliest.Notably, vide section 111, provisions of

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August 30, 2022

August 30, 2022
CA Poonam Gandhi

What is Goods Transport Agency (GTA)Under GST, ‘Goods Transport Agency’ means any person engaged in providing service in relation to transportation of goods by road and also issues a consignment note, by whatever name called. Goods Transport Agency under GST comes with latest amendment are going to discuss in descriptive manner what are they?Following two

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August 19, 2022

August 19, 2022
Sameep Mohite

Input tax credit fraud, which has become a significant problem for the government, will also be easier to spot, thanks to the GST authorities’ improved ability to analyse patterns and the utilisation of ITC across industries. Article briefly focused on e-invoicing new update which will be in effect from 1st October, e Invoice mandatory for

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