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Taxpayers in India are required to adhere to the Indian government's recommended tax compliance. Such compliance also entails following the GST Return filing due dates, which are listed here and stipulated by the Indian government. Noncompliance with GST return filing deadlines and tax-related requirements may result in the government imposing…

The history of Income Tax in India is later back to the 1800s, In 1860 the tax was first introduced in India by Sir James to cover the losses incurred by the government as a result of the military mutiny of 1857. In 1918, a new income tax was passed…

Article 279A of the Constitution of India provides for the establishment of the Goods and Services Tax Board by the President of India under the Chairmanship of the Union Finance Minister. The members of the Council are the Union Minister of State responsible for Revenue or Finance and the Minister…

There are two sorts of Indian Taxes: Direct Taxes and Indirect Taxes. During a fiscal year, direct taxes are charged on the revenue received by various sorts of business entities. There are many sorts of taxpayers that are registered with the Income Tax Department and pay taxes at different rates.…

The COVID-19 epidemic has had a huge impact on the Indian economy, resulting in one of the world's greatest lockdowns. The Indian internet economy, which was formerly one of the most appealing markets in the world, saw a sharp decrease in the month of April 2020 as a result of…

Banks and Banking Institutions are critical to a country's development. Banks are economic actors, and they, like other sectors, are subject to hazardous operations. A bank auditor examines the banking sector's services during a Banking Audit. A Bank Auditor is defined as an accounting professional who evaluates the procedure. Audits…

With the introduction of economic reforms since the balance of payment crisis, external assistance ceased to be an important element of capital inflows and private capital flows gained prominence. ECB rose significantly in this period; India pursued a regulatory approach of encouraging non-debt-creating flows and placing restrictions on debt-creating flows.…

While preparing GSTR-3B for August 2022, you must take note of a critical modification. From the GSTR-3B of August 2022 forward, the form's recently amended Table-4 will apply. On July 5, 2022, Central Tax Notification No. 14/2022 was released, notifying specific modifications in Table 4 of the form GSTR-3B for…

It is often observed that the Indian management system adopts the method of defining responsibilities and punishments rather than analyzing and solving the problem. It also continues in our banking system because it is often found that bankers do not take their responsibilities seriously and rather choose to do the…

For any entrepreneur, managing the day-to-day operations of their company while also adhering to corporate regulations may be a bit difficult. Therefore, it is crucial to get expert assistance and comprehend these legal requirements in order to guarantee that compliances are punctually completed without the imposition of interest or penalties.…