The main objective of any economy is developing, and trade plays an important role in achieving that objective of development. To stay competitive on a global scale, meet the customer demands and make available the quality goods, imports are done. Considering the significance of Imports, lawmakers had placed their specific sights on Imports and various…
GST council in its 39thmeeting held on 14th March 2020 at New Delhi had a detailed discussion on the matter “Increase in rate of Textiles” etc. to correct the inverted duty structure prevailing in the industry. But it was passed over to future meetings for further consultations and examinations. In the 45th GST Council…
To bring clarity to the provisions of GST and to reduce the ambiguity of the law, Advance Ruling Authority (AAR) was established. An Advance ruling is a written decision provided by the Authority or the Appellate Authority to an applicant on matters or questions relating to the supply of goods/services, etc. An advance tax ruling…
Uninterrupted and seamless flow of input tax credit (ITC) is one of the key features of the Goods and Services Tax (GST) law. It is a mechanist avoid cascading taxes. As per the provisions of GST Law, every registered person is eligible to claim ITC on the purchase of goods or services or both…
Taxation is a complex, intricate, and formidable field for many, and its guidelines frequently change year to year. Every business tries to do the work related to taxes correctly but not everyone has enough time, patience, and required experience to fulfill the needs properly executing this task, which is why you should seek the help…
Today, many companies have their own representative offices or do business with foreign partners. In this case, it is necessary to clearly understand international taxation, so as not to be in a dangerous situation. In addition, many organizations need tax optimization help for this, which can be obtained by contacting Tax Firms in Delhi. Tax…
The advantages of being able to count on technological advances that evolve at every moment are innumerable, but the main thing for accounting is undoubtedly the possibility of generating information in an extremely short time and with a minimum margin of error. To obtain assistance in matters of management and accounting, a company can, if…
Do you want to know why hiring a tax consultancy may be the best option for your business? Then read on, as we will explain all the benefits of this service. Tax consultancy offers ways for the company to reduce the impact of taxes on its finances through incentive laws. Tax Consultancy Firm also advise…
Since accounting is a science that follows the transactions of all kinds of institutions and organizations, records, and concludes the transactions, Accounting Services in Delhi are extremely important for all businesses. Accounting is used not only by commercial organizations but also by government organizations, associations, foundations, etc. Whatever organization you can think of, it must…
Companies prepare financial statements (income statements, balance sheets, etc.) at the end of the fiscal year. Every company is obliged to report its business performance and financial position to the stakeholders of the company, such as shareholders and creditors. If each company freely prepares financial statements, even if the current performance of each company…
