Audit of Society

By: Priyanka Jain - 24th February, 2021


Everyone who belongs to the taxation stream will agree that this is the most wonderful time of the year! Yes, the holiday season. But we all will also agree with the fact that this time the holiday period is quite a short one due to the deadlines having been extended. Once the financial year ends the time for conducting statutory audits of various entities begins. So, what exactly does audit mean? Why are they conducted?

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Electronic Invoicing under GST: E-invoicing

By: Diptika Jadhav - 5th February, 2021


E-invoice does not mean the generation of invoices from a central portal of the GST department. It is a standard format of the invoice. Under this system, an identification number will be issued against every invoice sent for registration to the Invoice Registration Portal (IRP).

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Union Budget 2021 - A Synopsis

By: Mr. Prasanna Ravikant Bhat - 2nd February, 2021


There is no change proposed in the direct tax rates, but steps have been taken to provide a few incentives to ease compliance by taxpayers. FM has proposed that advance tax liability on dividend income shall arise only after declaration or receipt of dividend. Details like salary income, dividends, capital gains, tax payments and TDS would be prefilled in the forms.

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E-WAY Bill

By: Diptika Jadhav - 1st February, 2021


E-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment of goods of value exceeding Rs 50,000 as mandated by the Government in terms of Rule 138, Section 68 of the Goods and Services Tax Act.

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ITC Credit eligibility & Rules on ITC credit utilization

By: Diptika Jadhav - 1st February, 2021


Input tax credit (ITC) is the tax paid by the buyer on purchase of goods or services. Such tax which is paid at the time of purchase when reduced from liability payable on outward supplies is known as input tax credit.

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Recent Blogs

44AD & 44ADA

By: Sakina Bohra

26th August, 2021

Audit of Society

By: Priyanka Jain

24th February, 2021

E-WAY Bill

By: Diptika Jadhav

1st February, 2021


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