SAG Infotech Tax Blog: All Information of Taxes & GST
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Since the successful launch of five new IRP portals, the e-invoice master information portal, and the e-invoice QR Code Verifier app, GSTN is proud to announce the release of the upgraded e-invoice master information portal at (https://einvoice.gst.gov.in). This enhancement marks another step in our continuous endeavour to enhance taxpayer services. The new features of the... Continue Reading →
The GST system upholds the practice of self-assessment, akin to previous indirect tax laws, with audits of taxpayers' records forming the foundation for its effective operation. Section 2(13) of the CGST Act, 2017 defines GST Audit as the scrutiny of records, returns, and documents provided by registered individuals to verify the following: Verify the correctness... Continue Reading →
Since stepping into the world of GST in 2023 businesses are successively proceeding towards continuous growth. The journey of compliance becomes much more complex with the updated laws, opportunities, and tools reshaping the procedure by which a company handles its GST liabilities. The same guide is made to be your compass via complexities, providing in-depth... Continue Reading →
Are you curious how to begin an audit for a listed entity? In this article, we have covered 10 important auditing points for tax professionals.
On Wednesday, CBIC Chairman Sanjay Kumar Agarwal announced that the department would imminently commence issuing advisories to businesses found non-compliant in issuing e-invoices to their B2B customers. Since 2020, the Central Board of Indirect Taxes and Customs (CBIC) has progressively enforced the mandatory use of e-invoices for businesses. E-invoicing applied to large companies with a... Continue Reading →
On the date of 27 October 2023, the GSTN furnished an advisory that states some essential revisions in the Goods and Services Tax Returns (GSTR) 5A. The advisory mentioned that- “Notification 51/2023 on 29.09.2023 has introduced Table 5B in GSTR 5A w. e. f 01.10.2023. In this notification, Table 5B has been instructed to report... Continue Reading →
For the hospitality industry, The Hotel And Restaurant Association (Western India) - HRAWI has conducted an informative seminar titled ‘Simplifying GST for the Hospitality Industry’ on 9th October, at The Emerald Park in Nashik. The gathering convened key stakeholders within the hospitality sector to delve into critical aspects of the Goods and Services Tax (GST)... Continue Reading →
In this article, we have explored the advantages afforded to startup businesses by the implementation of GST billing software. It offers various benefits that simplify compliance, improve competitiveness, etc
In this article, a freelancer or non-salaried can read tips about how to easily manage GST and Income Tax regimes. Also, we put out GST-saving tips.
In this article, you can discover the primary reasons including ITR verification, technical errors, mismatch, etc. for delayed refunds according to the Income-Tax Act, of 1961.
You've recently issued an audit report and you're worried about being hit with GST liability, you can rest easy knowing that you won't have to pay any tax on the issuance of the report. This comes as a relief to many businesses and individuals who were previously concerned about potential tax implications.
Concerning to execution of the laws of tax, it is seen that promoting compliance and ensuring precise reporting would have been the major issue. The introduction of the Annual Information Statement (AIS), a potent instrument for tax transparency, by the Income Tax Department, utilizing technology, has nonetheless made substantial progress towards resolving these challenges. AIS... Continue Reading →
SAG Infotech Tax Blog: All Information of Taxes & GST 