GST Reconciliation for IDT Teams: Types, How to, Importance, ITC Computation, Common Issues

The term ‘reconciliation’ means to compare two sets of data entries to identify any mismatches or variances. The data sets are of the same origin but come from different sources. It is a practice for correcting errors in the process.

Share
Why small businesses should look forward to E-invoicing?

Why small businesses should look forward to E-invoicing? Read the full Blog to learn the four important reasons why SMEs should adopt e-invoicing plus steps on how they can get started.

Share
E-invoicing-Will it Simplify or Complicate your Purchase Cycle?

As a concept, e-invoicing has many advantages to offer to all the participants – suppliers, recipients and the Government. It also opens up avenues to provide value-added solutions and services by using the highly standard, processable and recent invoice data.

Share
All You need to Know About E-invoice under GST

E-invoicing has been the biggest and one of the most talked-about changes when it comes to GST in 2020. Read all about E-invoicing and its applicability with following heads/parameters...

Share
All about MCA Struck-Off Companies in 5 Questions

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.

Share
Received an E-Invoice? 9 Questions to Consider First

The e-invoice received from the suppliers will have the extra-information related to IRN. Hence, the recipients now need to verify the same and keep it for records.

Share
6 Tasks to Complete Before you Start your E-invoicing Journey

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.

Share
Practical challenges at different stages in e-invoicing

Practical challenges at different stages in e-invoicing. Challenges in the IRN preparation stage, generating IRN stage which also includes e-way bills, and the post IRN stage. Read more…

Share
Ultimate Guide for E-invoicing Notifications and Updates

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.

Share
Budget 2022 Highlights: Key Decisions in Infrastructure, Cryptocurrency and more!

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!

Share
10 Factors to Consider for Defining ITC Strategy for 2022

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.

Share