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The GST effect

The GST effect

GST BFSI
June 10, 2020 263 0

India’s biggest indirect tax reform in the last decade has been the Goods and Services Tax that was implemented in 2017. And even though it has had teething issues like confusing and cumbersome filing processing, fluctuations ...


Leased residential complexes to be used as a paying guest facility will attract GST

Leased residential complexes to be used as a paying guest facility will attract GST

GST BFSI
June 9, 2020 289 0

The Authority for Advance Ruling in Karnataka held that leading out a residential complex as a paying guest facility will attract GST. The applicant sought an advance ruling on two issues viz. whether the exemption of services by ...


GST is applicable on Landscape Development & Maintenance of Garden Work for Government undertakings

GST is applicable on Landscape Development & Maintenance of Garden Work for Government undertakings

GST BFSI
June 9, 2020 338 0

The Appellate Authority of Advance Ruling in Karnataka has held that Goods and Service Tax is applicable to landscape development and maintenance of garden work for government undertakings as it is covered under subcontract work. ...


Blog

CAN you BANK on AI?- AI and the BFSI Sector

BFSI
May 8, 2020 859 0

“The banks are providing extended services. They’re bringing their vans and providing basic ATM and other banking solutions within the society”, my mother proclaimed in a (COVID) crisis-struck world feeling gifted during the lockd...


How e-invoicing can help your business

How e-invoicing can help your business

GST BFSI
May 5, 2020 874 0

Electronic invoicing (E-invoicing or online invoicing)is a system in which B2B invoices are authenticated electronically by GSTN (Goods and Services Tax Network) for further use on the common GST portal between suppliers and buyer...


Tax compliance and enterprise digital transformation: Why your DX strategy should include cloud

Tax compliance and enterprise digital transformation: Why your DX strategy should include cloud

GST BFSI
April 28, 2020 366 0

With the Government directive of e-invoicing under GST compliance for businesses in India, automated solutions on cloud are becoming top priorities under every CXO’s digital transformation (DX) strategy. This paper discusses the...


Blog

Fraud Prevention During COVID-19. Best Practices For Financial Institutions.

BFSI
April 23, 2020 1090 0

 – Alok Kumar, Product Line Manager, Clari5 (CustomerXPs)Given the response strategies to the COVID-19 pandemic implemented by federal, state and local governments globally, consumers’ behavioral changes during this ph...


Precautions for GST Audit while finalizing balance sheet

Precautions for GST Audit while finalizing balance sheet

GST BFSI
April 22, 2020 972 0

Every business organization is engaged in finalizing books of accounts and preparation of Balance Sheet for each financial year. After 2017, the financial year is divided into two indirect taxes provisions namely, pre-GST (Excise,...


GSTN issues clarifications on e-invoicing under GST

GSTN issues clarifications on e-invoicing under GST

GST BFSI
April 16, 2020 1313 0

In January 2020, the GST Network has come up with Frequently Asked Questions (FAQs) on e-invoicing under the GST system, reaffirming the government’s intent to implement ‘e-invoicing’ under the GST. Here are some key aspects of...


Official Notification on GST Due Date Extended for Taxpayers Relief

Official Notification on GST Due Date Extended for Taxpayers Relief

BFSI GST COVID-19
April 10, 2020 7574 0

In this pandemic and challenging time, everyone including taxpayers is facing a lot of trouble. To make things easy for them, the Government has extended dates for GST filings. On 07th April 2020, latest notification under GST has...


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