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Why is e-invoicing a game-changer?

Why is e-invoicing a game-changer?

GST BFSI
June 11, 2020 327 0

E-invoicing has officially been rolled out by the Government of India, and this new system promises to change the way we deal with the country’s largest tax reform, the Goods and Services Tax. We are already familiar with t...


India will see these reforms in the new financial year

India will see these reforms in the new financial year

GST BFSI
June 11, 2020 199 0

Another financial year is on the brink of closure and a brand new year approaches. 2020-21 is one to look out for, especially in India, because the Government is all set to introduce a plethora of reforms for its citizens. Fro...


18% GST applicable on Leased Premises for Cold Storage purpose of Agriculture Produce on Leasing Charges

18% GST applicable on Leased Premises for Cold Storage purpose of Agriculture Produce on Leasing Charges

GST BFSI
June 10, 2020 2875 0

The Authority of Advance Ruling has held a Goods and services tax rate of 18% is applicable on leasing charges on premises leased for cold storage of agricultural produce. The applicant, a business providing services of storage an...


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 288 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 307 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 840 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 359 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 1088 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...


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