Indias economy has seen significant growth and shift thanks to the Narendra Modi Government’s policy plans. Strengthening GDP, creating 10 million jobs, increasing foreign exchange reserves and more!
Understand how Decoding Wholesale Price Index (WPI) surged in December 2022 to measure India’s inflation rate & monetary policy in India.
Following supplies are presently covered under e –invoice: Supplies to registered persons (B2B), Supplies to SEZs (with/without payment), Exports (with/without payment), Deemed Exports, by notified class of taxpayers are currently covered under e-invoicing.
Learn about the history and evolution of Indias complex indirect tax system, including customs duties and excise duties, over centuries of change.
Section 56 of the Income Tax Act (ITA), which provides certain exemptions or deductions to startups for their income. In this article, we will discuss the various tax benefits available under Section 56 of the Income Tax Act for startups in India.
Tax is the major source of revenue for any government all across the globe. A systematic approach to tax collection is therefore, sine qua non for a stable and sustainable economy.
In 1860, the British Raj introduced the first budget for colonial India. Discover India’s budget history, reforms & progress over the decades with Tax Reforms and India’s Budgetary System.
Understand Indias taxation history and current system with a look at Progressive Taxation. Discover how Mauryan Empire in 200 BCE laid the foundation for modern income tax systems today.
Understand the requirements of Accounting and Irrevocable Gratuity Trust to Discharge Gratuity Liability for Indian Private & Multinational Companies. Payment of Gratuity Act 1972 and 5 years of continuous service explained.
E-invoicing under GST or electronic invoicing is the invoice document exchange between a supplier and a buyer in an integrated electronic format. The government of India announced on October 2022 as India moves towards complete digitalization it is mandatory for businesses above 10 crores to file for e-invoices. In the near future government will lower the threshold to bring all businesses under e-invoicing.
