All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by September, a move aimed at curbing the menace of fake invoices and evasion of GST, officials said. The revenue secretary is monitoring the progress of implementation of electronic or e-invoice project for which an..
Exactly two years back, Paytm Founder and CEO Vijay Shekhar Sharma, keeping Alibaba model in mind, took a plunge into the burgeoning e-commerce space where Amazon and Flipkart (now owned by Walmart) were two dominant forces. Nurturing a little grudge that he never had a chance to study at the Harvard University, Sharma de-merged the..
The government has extended the deadline for uploading photos of business premises to June 15, giving corporates more time to comply with a provision aimed at spotting shell companies. “It has been decided to extend the date to June 15,” confirmed a corporate affairs ministry official. The disclosure norms, which came into effect from February,..
The income tax return (ITR) forms for FY 2018-19 notified by the government are different from those used to file the previous year’s returns. Some of the changes in the forms have been done in keeping with the changes in income tax laws made in Budget 2018 for FY 2018-19 and onwards. Apart from that,..
“Entry Tax Levy by States is not Anti- Constitutional” Said Supreme Court In a major blow to trade dealers and industries, Honorable Supreme Court on this Friday, 11th November 2016 had justified the state government Entry Tax Legislation.
In the first part of our blog, we discussed some key steps entrepreneurs should keep in mind whenthey wish to establish a software firm which were mainly raising funds, developing a business planetc. Today, well talk in depth about the different formalities to be carried out in addition to fewmore crucial factors. Obtain Direct Identification..
It is a known fact that India is the worlds biggest sourcing destination when it comes to the Information Technology sector. The IT industry has put India on the global map and moreover, largely driven economic growth. Software is one of the major divisions of this trade which is growing by leaps and bounds. Young..
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