Updates

A time waster for some, a source of headache for others, and a workflow stumbling block for many – manual document drafting is notorious for being a universally disliked chore….

GST News & Updates || GSTN Advisory on facility of ‘Initiating Drop Proceedings’ of Suspended GSTINs due to Non-filing of Returns Recently, a functionality of “Automated Drop Proceedings” of GSTINs suspended due…

GST News & Updates || Introduction of Negative Values in Table 4 of GSTR-3B The Government vide Notification No. 14/2022 – Central Tax dated July 05th 2022 has notified few changes in…

GST News & Updates || GSTN Advisory on New e-Invoice Portal GSTN has onboarded four new IRPs (Invoice Reporting Portals) for Reporting e-Invoices in addition to NIC-IRP. As a result,…

GST News & Updates || Advisory for the taxpayer wishing to register as a “One Person Company” in GST As per provision of Section 2(62) of The Companies Act, 2013 “One Person…

GST News & Updates || GSTN issued Advisory on HSN Code Reporting in e-Invoice on IRPs Portal GSTN would like to bring the Taxpayer’s attention to Notification No.78/2020 – Central Tax dated…

GST News & Updates || GSTN Issued Advisory on Bank Account Validation GSTN is pleased to inform Tax Payers that the functionality for Bank Account Validation is now Integrated with…

FATCA/CRS Overview – In Indian Context In 2010, USA enacted a law known as “Foreign Account Tax Compliance Act” (FATCA) with the objective of tackling tax evasion through obtaining information…