The Goods and Services Tax was imposed on July 1, 2017, in India to bring significant changes in the country's indirect tax system. The main idea behind implementing the GST…
The Indian financial scene is now quite different due to implementation of the Goods and Services Tax (GST). All kinds of companies struggle these days to keep track of invoices,…
Form 10BA is the most essential requirement to claim the house rent deduction under Section 80GG. However, you must not be receiving HRA (House Rent Allowances) from your employer. This…
As the new government is taking charge, the 53rd GST Council Meeting has already been scheduled for June 22, 2024, in New Delhi. The meeting will begin at 2:00 PM,…
Karnataka is one of the prominent economic states of India, with varied MSMEs working in the fields of manufacturing, information technology, and agriculture. As per a survey, Karnataka has the…
Changing the vehicle related to the e-waybill system after the generation of a bill may require you to apply for the vehicle updation process and update the details of the…
E-waybill is the essential documentation for transporting goods from one place to another. Due to several circumstances and scenarios like natural disasters or vehicle breakdowns, you might be required to…
Transporting goods within an e-waybill system is one of the vital processes for delivering goods exceeding the value of Rs.50,000. Here, you'll have to maintain varied legal compliances and follow…
The tax department has formed the GST portal for any official communication between taxpayers, tax authorities, and transporters. For any significant scenarios or actions, you are required to appropriately notify…
In the transhipment process, there are various sudden situations and scenarios that you have to tackle in order to timely deliver your goods. Changing the vehicle after generating the e-waybill…
Specified situations and circumstances like vehicle breakdown, natural calamities, extreme weather conditions, diverted routes, etcetera lead the transportation process to change the EWB-decided vehicle. These conditions are generally considered as…
E-waybill extension refers to extending the date of the final delivery of goods based on the remaining distance to be covered. It may be caused by natural disasters, route changes,…
E-waybill has a predefined procedure for each of its activities, including changing the vehicle after generating the bill. The tax department has already determined a list of valid reasons to…
Many times, transporters or businesses have to change their vehicle after the generation of an e-waybill. There are only some specified scenarios in which the tax department approves your request…
Changing the e-waybill vehicle consists of a completely defined procedure by the tax department. Starting from choosing a valid reason to actually change the vehicle carrying goods, there are a…
The reconciliation process refers to verifying all your submitted information and documentation to maintain compliance with regulatory requirements. It helps the businesses maintain accuracy and consistency while submitting the extension…
E-waybill extension is a regulatory requirement set by the tax authorities for the transporters and owners of goods moving from one place to another whose worth is more than Rs.…
Generating an e-waybill is one of the essential requirements for transporting goods that exceed the value of Rs. 50,000. The e-waybill consists of a required validity for the movement of…
Generating an e-waybill is a mandatory requirement for consignors or consignees to transit their shipment if its value exceeds the limit of Rs. 50,000. The consignments can not be legally…
Managing tax is one of the crucial elements for small and medium sized businesses that have limited resources. It is the era of technology, where we should focus on utilizing…
Taxes are one of the most extensive complexities in India, especially for small businesses, because of a lack of resources and professional guidance. In simple words, taxes create financial hindrances…
Taxes are one of the biggest hurdles for both small and medium-sized businesses. It stops a company from reinvesting the profits into their business employees and competing for a bigger…
Taxes are already one of the biggest liabilities for any business that they can't really avoid. But, while filing tax returns, businesses generally make a lot of mistakes that significantly…
The Indian taxation system is one of the complex systems under which businesses have to pay heavy taxes. It takes up a significant portion of the income generated and doesn’t…
GST (Goods and Services Tax) is an indirect tax levied upon the trading of goods and services across the country. It was implemented on 1 July 2017 with a vision…
