India’s 2025 Budget preparations are in full swing. There is a significant focus on GST tax rate revisions to streamline the taxation framework. Important Dates for the 55th GST Council Meeting Finance Minister Nirmala Sitharaman is set to hold pre-budget consultations with state finance ministers during the 55th GST Council meeting on December 21-22, 2024. … Read more
Filing taxes is an important responsibility for both people and corporations. However, understanding the IRS filing procedure can be difficult, especially if you aren’t aware of potential traps. Mistakes in IRS tax filing can result in penalties, delayed refunds, and even audits. Whether you’re an individual taxpayer or a business owner handling USA company registration, … Read more
IPOs Affect Company Valuations significantly by determining a company’s worth as it goes public. An Initial Public Offering (IPO) is the key step for a company to join the list of publicly traded firms. Investors must understand how IPO valuation impacts a company’s market value to make informed decisions. That’s why we have broken down … Read more
Investing in an Initial Public Offering (IPO) is a great opportunity. But before you invest your money, know the basics. There is a lot to figure out from selecting the companies to the allotment process. In an IPO, the company that was previously owned by a few shareholders goes public. These companies work with investment … Read more
Starting 1st October 2024, the Goods and Services Tax Network (GSTN) will archive data submitted before September 2017 from the GST portal. This major update affects how you do GST Return Filing. This move is aiming to streamline the portal’s operations. However, it also creates urgency for businesses who require their previous records. Why is … Read more
The introduction of GST 2.0 aims to simplify the process of GST Return Filing. Thus, you can file GST Returns more quickly and efficiently for businesses. With user-friendly interfaces and reducing the manual errors, the new GST system will ease tax compliance. What happens to GST Registration under GST 2.0? The GST Registration process is … Read more
The GoM will meet on September 25, 2024. They will be meeting to discuss key changes to the GST Structure. The meeting focuses on rationalizing GST rates by adjusting the current tax slabs, a move aimed at simplifying compliance and improving revenue collection. Proposed Changes to GST Slabs The GoM, led by Bihar Deputy Chief … Read more
In a significant move to strengthen India’s startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has launched a new digital platform called BHASKAR. The BHASKAR is designed to boost collaboration, streamline processes along with enhancing the growth for startups in India. The main focus is on simplifying the Startup India Certification … Read more
A 15-digit Unique Identification Number (UIN) code is your key to navigating the Indian tax system. This alphanumeric registration number replaces the GSTIN for a select group of entities that qualify for GST exemptions. If you meet the eligibility criteria, obtaining a UIN registration number is beneficial for your business especially if you’re an entrepreneur … Read more
There comes a time when the sole proprietor would want to share the burden, risk, and reward of the venture with a business associate. One of the nicest things that can happen to a sole proprietorship is its conversion into a partnership, and it is, however, an action that has to be artfully planned and … Read more