Mandatory HSN Code Reporting in GSTR-1/1A from Jan 2025 . Under the Goods and Services Tax (GST) framework, multiple reforms ...

The Indian government has extended the due date for filing GSTR-1 and GSTR-3B returns, providing relief to businesses.

The food industry in India has always been a vibrant and dynamic sector, reflecting the country's diverse culinary heritage and evolving consumer preferences. As we approach 2025, the food business ...

Paying taxes on time not only offers substantial savings benefits but also helps you avoid issues such as penalties and poor credit scores caused by non-compliance. To help you stay organized, here’s ...

Tax Deducted at Source (TDS) is a mechanism used by the Income Tax Department to ensure tax collection at the source of income generation. Under this system, a specified percentage of the payment, ...

With the rise of rural entrepreneurship, villages have become a goldmine for untapped business opportunities. By focusing on sustainable practices and leveraging local resources, you can create a ...

Section 37 of the Income Tax Act is a provision in India's taxation framework offering tax deductions to companies and professionals for expenses incurred wholly and exclusively for business or ...

The following conditions must be satisfied to avail of this composition levy scheme after meeting the GST composition scheme turnover limit. The submission of various forms under the Composition GST ...

The Ministry of Corporate Affairs (MCA) vides a Notification dated February 11, 2022, has issued Companies (Accounts) Amendment Rules, 2022 to further amend the Companies (Accounts) Rules, 2014. As ...

A company whose accumulated losses are equal to or greater than its net worth is categorised as a "sick company." The Companies Act 2013 outlines a detailed legal process for the revival and ...

Starting a business is an exciting venture, but what if you’re stuck at the very beginning because you "want to start a business but have no ideas"? Don’t worry—you’re not alone. Many aspiring ...