The Goods and Services Tax Network (GSTN) has announced crucial updates to the E-Way Bill and E-Invoice systems, set to roll out on January 1st, 2025. These updates aim to improve security, streamline processes, and ensure better compliance with government…
Determining whether the Direct Tax Code (DTC) or the Income Tax Act, 1961 (ITA 1961) is “better” depends on the perspective from which you view the taxation system. Both frameworks have their own merits and drawbacks, and the preference largely…
Introduction The GST Council recently introduced the Invoice Management System (IMS) on the GST portal, starting from 1st October,2024 marking a major enhancement in the ITC Ecosystem of GST, enabling taxpayers to efficiently address invoice corrections/amendments with their suppliers through…