Understanding MAT Minimum Alternate Tax, commonly known as MAT, is meticulously designed to ensure that companies with large profits, as per their financial statements, contribute a fair share of taxes…
When selling assets like property or stocks, the profit earned constitutes what is known as a capital gain, which is taxable under the Indian Income Tax Act, 1961. However, to…
The Goods and Services Tax (GST), implemented in India on July 1, 2017, was a revolutionary change in the tax structure, intending to streamline and simplify the process of tax…
The Goods and Services Tax (GST) introduced in India in 2017 transformed the indirect taxation landscape, simplifying tax structures and increasing compliance. Among the various returns under GST, GSTR-3B holds…
In the complex structure of corporate governance, directors play a pivotal role in steering the company towards its goals. They are not just figureheads but are actively involved in the…
Limited Liability Partnerships (LLPs) have become a preferred form of organization among entrepreneurs due to their flexibility and the limited liability protection they offer to the partners involved. Just like…
Understanding the Impact of New GST Registration Protocol on Indian Entrepreneurs The Goods and Services Tax Network (GSTN) has been at the core of India’s ambitious tax reform since its…
Introduction to OIDAR Services under GST Online Information Database Access and Retrieval (OIDAR) services represent a modern category of digital transactions significantly impacted by GST regulations. Understanding OIDAR is essential…
Introduction to LLP Form 8 – Statement of Account & Solvency In the vibrant and dynamic business landscape of India, Limited Liability Partnerships (LLPs) represent a popular organizational structure, offering…
Understanding DRC-01C: Notice of ITC Mismatch in GSTR-2B vs GSTR-3B When operating in the realm of GST in India, maintaining accuracy in the filing of monthly returns, specifically GSTR-1 and…
With the implementation of GST (Goods & Services Tax) in India, the tax landscape saw a seismic shift. This monumental tax reform was accompanied by new procedures, notifications, and forms…
As the complexities of global business evolve, so do the requirements for regulatory compliance. Starting from March 1, 2024, India’s Goods and Services Tax (GST) law will undergo a significant…