In today’s digital age, securing and authenticating online transactions has become crucial. Whether it’s for filing taxes, registering a company, or signing important documents online, the Digital Signature Certificate (DSC) plays a vital role in ensuring security and legal validity in electronic transactions. In this blog, we’ll explore what a DSC is, its types, benefits,
1. Income Tax Slabs for FY 2024-25 The new tax regime continues to be an option, with no income tax up to ₹3 lakh. From ₹3 lakh to ₹6 lakh, the tax is 5%, ₹6 lakh to ₹9 lakh at 10%, ₹9 lakh to ₹12 lakh at 15%, ₹12 lakh to ₹15 lakh at 20%,
GSTN is pleased to announce that NIC will be rolling out updated versions of the E-Way Bill and E-Invoice Systems effective from 1st January 2025. These updates are aimed at enhancing the security of the portals, in line with best practices and government guidelines. 2. Multi-Factor Authentication (MFA): One of the key changes involves the implementation
Multiple tickets have been received regarding sequential filing of return in Form GSTR-7. Taxpayers are referencing FAQs for the same, wherein “it is not mandatory” is mentioned. To clarify, It is to inform that following changes have been introduced in the return filing process for GSTR-7 with effect from 01.11.2024 onwards. Sequential Filing of GSTR-7:
Accounting for a partnership firm is a crucial aspect of business operations. It ensures that financial transactions are accurately recorded, monitored, and reported. A partnership firm, being an association of two or more individuals who agree to share profits and losses, has its own set of accounting principles and practices. These accounting methods differ slightly
In the ever-evolving world of taxation and logistics, the E-Way Bill stands as an essential tool for facilitating smooth transportation and preventing tax evasion. Introduced under the Goods and Services Tax (GST) framework in India, the E-Way Bill system helps track the movement of goods across state and national borders. In this blog, we’ll
In this post, we will cover the due dates for GSTR-9 and GSTR-9C, ensuring that you don’t miss the filing deadlines and avoid penalties. Due Date for GSTR-9 (Annual Return) The due date for filing GSTR-9 is typically 31st December of the following year for the financial year (FY) in question. For example, the due
As businesses grow and expand, their compliance obligations under the Goods and Services Tax (GST) law also evolve. One of the key requirements for businesses registered under GST is the annual return filing, which includes GSTR-9 and GSTR-9C. These forms play an essential role in ensuring businesses meet their tax obligations, provide accurate information, and
Starting a new business is an exciting venture, but one of the first critical steps in making your dream a reality is company registration. It’s not just about legalizing your business—it’s about laying a strong foundation for your operations, ensuring compliance, and creating trust with your clients and partners. Why Register Your Company? 1. Legal