To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login. There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. The various
As tax season approaches, one of the most common terms you’ll come across is Advance Tax. But what exactly is it, and why is it important? Whether you’re a salaried employee, a freelancer, or a business owner, understanding the concept of advance tax can help you avoid penalties, manage cash flow, and stay compliant with
A new feature has been introduced in the E-Way Bill (EWB) system to facilitate the enrolment of unregistered dealers supplying goods, with effect from 11.02.2025. In accordance with Notification No. 12/2024 dated 10th July 2024, Form ENR-03 has been introduced for the enrolment of unregistered dealers. 2.Unregistered dealers engaged in the movement or transportation of goods can now generate
The Goods and Services Tax (GST) has been a transformative step in India’s taxation system. Ever since its implementation in 2017, GST has drastically simplified the indirect tax structure by merging multiple taxes into a single system. However, as with any significant reform, the GST system continues to evolve with periodic updates and revisions. In
Highlights of Union Budget 2025 General 1. Kisan Credit Card limit enhanced from Rs. 3 lakh to Rs. 5 lakh 2. Additional Infra in 5 IIT’s set up after 2014. IIT Patna to be expanded 3. 10,000 more seats to be added in medical colleges in next year and 75,000 in next five years 4.
Insurance is one of those things most people know they need but may not always understand fully. Whether you’re thinking about life, auto, health, home, or even business insurance, there’s one thing that’s universally true: insurance helps provide peace of mind by offering financial protection when the unexpected happens. In this post, we’ll break down
In today’s fast-paced business environment, staying ahead of the curve is essential. One of the key trends in modern business practices is the shift towards e-invoicing (electronic invoicing). As governments and businesses globally embrace digital transformation, e-invoices are becoming an increasingly crucial tool for ensuring compliance, streamlining operations, and improving financial efficiency. If you haven’t
Cash flow is the lifeblood of any business. Without it, even the most successful company can face serious challenges. As we move into 2025, managing cash flow has become even more critical for businesses of all sizes. Economic shifts, fluctuating consumer demands, and the ongoing digital transformation require companies to be more agile and strategic
As we approach the first quarter of the year, it’s essential for businesses to stay on top of crucial financial and tax-related deadlines. Below is a list of key upcoming events and dates that every company should be aware of to ensure compliance and avoid any penalties. 1. GST Filing Deadlines: GST Return (GSTR-1) Filing:
In the world of global commerce, businesses often engage in imports and exports, dealing with goods, services, and investments across borders. For businesses in India, one of the most important tools to ensure smooth international transactions is the IEC code, or Import Export Code. In this blog, we will delve into what an IEC code