Top Causes of GST Notices Demystified
Top Causes of GST Notices Demystified Goods & Service Tax (GST) was implemented in India to create an efficient, simple and error-free tax structure. Since its implementation it has seen an exponential rise in compliance requests that has resulted in numerous GST notifications to taxpayers that signal potential ambiguities or lack of compliance with GST […]
GST E-invoice Mandate: Including 6-Digit HSN for Wholesale Tax
GST E-invoice Mandate: Including 6-Digit HSN for Wholesale Tax Suppose you are a wholesale business owner operating a venture whose aggregate annual turnover (AATO) is Rs. 5 Crores and above. Before, while creating e-Invoices of your transactions, you simply filled in the name of the product, its quantity, the price per item and the tax […]
Top Highlights for MSMEs in Union Budget 2024
Top Highlights for MSMEs in Union Budget 2024 Curious about the Union Budget 2024 of India and how this budget has plans to assist the MSMEs this year around?The Finance Minister delivered the Budget 2024 speech in Parliament today and here are multiple reforms for MSMEs. These announcements are designed to promote the development of […]
Tally on Cloud: Revolutionising Accounting in the Digital Age
Tally on Cloud: Revolutionizing Accounting in the Digital Age When it comes to accounting software, Tally is one of the best when it comes to functionality and reliability. This is popular especially among small to medium enterprises because it is able to break down complex financial activities into workable processes. However, in today’s constantly evolving […]
E-Invoicing Grace Period Provided for Non-VAT Registered Taxpayers
Last year for instance, the Kenya Revenue Authority KRA decreed that all taxpayers have to shift toward electronic invoicing through the Electronic Tax Management System (eTIMS). The first deadline for the integration into eTIMS was originally set for 01 . 09. 2023. However, since a few taxpayers experienced integration and technical issues in this process, […]
Vulnerability Assessment and Penetration Testing: Crucial for Organisational Security Beyond Compliance
In the digital age, organisations are exposed to numerous cybersecurity threats that can compromise confidential information, disrupt operations, and damage brand reputation. Implementing robust security measures is essential to protect digital assets and ensure business continuity. Compliance with security standards and regulations is crucial, but it’s equally important to go beyond mere compliance by continuously […]
