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Outdated billing methods are costing businesses $20.3 billion globally every year, says Testlio. This isn’t just a random stat; it’s a wakeup alarm for CFOs and growing businesses. Traditional billing and manual data entry don’t just deplete revenue but also hamper growth, burn out customer trust, and cause critical issues in compliance. Billing as a… Continue reading What is Billing as a service and Why CFOs Recommend it?
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Section 194H of the Income Tax Act deals with TDS on Commission and Brokerage. At the core of this provision is the fact that every commission, whether it be paid to an agent for securing sales or to a broker for securing deals, has a layer of compliance. The beauty of this law is that… Continue reading What is TDS Rate on Commission and Brokerage Under Section 194H
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With the introduction of GST 2.0, two tax structures of 5% and 18% have been rolled out to ensure tax relief. Also, a 40% GST rate is applied on luxury as well as Sin products. Though India’s tax ecosystem is undergoing a fresh wave of transformation, GST on gold continues to maintain consistency. Gold stays… Continue reading GST on Gold: Latest Rates on 18, 22, 24 Carat, HSN Codes, and Impact on Buyers!
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The GST was introduced in 2017, replacing the multi-tax system in India. Since its inception, it has become easier for businesses to streamline their indirect taxation processes. All the services related to GST can be availed from the GST Portal. To get the benefit of the services, you need to log in to the GST… Continue reading How to Login GST Portal: A Step-by-Step Guide
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The Document Identification Number (DIN) has emerged as a cornerstone for ensuring compliance and seamless communication in the GST framework. In 2019, CBIC rolled out DIN in GST to ensure every tax notice or communication has a unique identity code. This indicates authenticity and is easy to verify the tax notices. The CBIC, through Circular… Continue reading DIN in GST: Definition, Structure, Importance, and Process!
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As the GST compliance is getting stringent, Aadhaar authentication has become an essential part of the GST registration process. Have you ever thought about how the government makes sure that businesses are registered legitimately and the claims they make are accurate? Aadhaar authentication is the solution to this problem; now it is an inseparable component… Continue reading GST Aadhaar Authentication: Your Guide to a Smoother Registration Process