Know all about the law around MCA Struck-Off Companies, Section 248 (5) of the Companies Act 2013, Section 560 of the Companies Act, 1956 and the new Disclosure Requirement for Struck-off Companies for FY 2021-2022.
To start generating e-invoices, there are certain preparatory activities. Organizations can get started with these in parallel to getting their internal system and processes ready for e-invoices. In this article, we share all the important tasks that one needs to undertake before starting their e-invoicing journey.
On 13th Dec 2019, Government notified the e-invoicing rules, its applicability and date from when the notified rules will be effective. In all there were 5 notifications and a summary of notifications.
Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman announced the official budget for 2022 on 1st February. Some major decisions have been made for healthcare, infrastructure development, tech-enabled development, and several decisions under the PM Gati Shakti scheme. Announcements have also been made regarding the digital economy, bitcoin, and climate actions. Read them in detail here!
GST Notification 39 and GST Notification 40 issued during the end of Dec 2021, specify the rules for claiming Input Tax Credit with effect from 1st Jan 2022. The rules state that ITC on a provisional basis cannot be claimed henceforth. Here’s what you can do to define your ITC strategy for 2022 for availing maximum ITC claim.
The 46th GST Council Meeting was held on 31st December 2021 in New Delhi. It was a physical meeting and considering the COVID restrictions, not more than 2 representative members from each state were requested to join. The meeting was chaired by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman.
2021 was quite a year full of ups and downs plus loads of GST changes to adapt to! In this article, we share the year’s GST changes and IRIS GST’s key product highlights. The GST Collections, e-invoicing implementation, changes in reconciliation patterns, how to claim maximum ITC are some of the themes in this article. And, we also talk about gearing up for 2022…