GST Council has proposed that the electronic invoicing (e-invoice) system to be implemented on a voluntary basis from January 2020. Until now, there have been no standards set for e-invoicing in India. After consultation with the relevant trade and industry bodies, as well as the Institute of Chartered Accountants of India (ICAI), the GST Council approved of the standard for e-invoicing in its 37th Council meeting held in September, in Goa.
By CA. Aakash Kalra - December 26, 2019
38th Meeting of the GST Council was held in New Delhi on 18 December, 2019 wherein various matters with respect to change in rates, expanding the tax base, easing out non-compliances and for the first time departed from its practice of consensus-based decision-making.
By CA. Aakash Kalra - December 23, 2019
Is LLP a good business structure to hold? Is LLP conducive for fund raising? Can LLPs hold investments? What is a LLP? Should I go for LLP? Want to form a LLP?
By CA. Aakash Kalra - November 30, 2019
Do I need to register under GST? Are all businesses covered under GST? is there any relaxation? See here when are you required to comply with GST!
By CA. Akash Jhamb - October 9, 2019
FinMin introduced reduced tax rate for domestic Companies of 22% with restrictions in certain specific deductions and tax losses. However, there were doubts w.r.t such rate which have been resolved through clarification.
By CA. Aakash Kalra - October 3, 2019