Process of Generating and Cancelling an E-Invoice In continuation to our previous blog on E-invoicing under GST, in this blog we’ll be covering the process of how to generate an e-invoice through different modes such as off-line facility, Direct API…
Amendments in Provisions Related to Dividend Taxation in India
With the advent of Financial Year 2020-21, dividend taxation in India has completely gone upside-down. The new provisions have again asked the recipient of dividend to pay taxes instead of the company who was distributing the dividends. The changes in…
Udyam Registration- The Contemporary Msme Registration
MSMEs or Micro, Small, and Medium Enterprises contribute primarily to the socio-economic development of the country. MSMEs are governed by the Ministry of Micro, Small & Medium Enterprises in India and are also required to be registered under the Micro,…
Broadened TCS provisions In India
The Finance Act, 2020 has introduced several modifications in the Indian taxation thereby enlarging the scope of applicability of TCS provisions. AKGVG & Associates has summarized the amendments brought about in TCS provisions by the Finance Act, 2020 for ease…
Importance Of Business Valuation
A common myth among many businesses is that they ought to know their company’s valuation only when they are looking to sell it. And this is where the businesses end up getting less than what they desire in terms of…
Forensic Accounting And Fraud Detection
Forensic Accounting has picked up its pace in recent times because of the depth in investigation that it brings to the table. It is a process of accounting wherein the professional forensic accountants use their investigation acumen to look into…
Implications Of COVID On Valuations For Financial Reporting
The pandemic COVID-19 outbreak and subsequent lockdown has severally affected global economies which have resulted in business disruption, volatility and significant fall in revenue of the companies worldwide. Valuers while doing valuation for financial reporting or other purposes are required…
Challenges in Conducting Internal Audit During COVID Times
We are more than aware of the challenge that the ongoing COVID19 situation has thrown at us. The impact has been so sudden that the business as well as audit teams were compelled to change the fundamental way of working…
Analyzing a Payroll Service Provider
Gone are the days of having traditional, inconvenient in-house payroll systems. There are more reasons than one to do so with major reasons being they’re repetitive, complicated and prone to human error. If you switch to a payroll solution, it…