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E-Invoicing – India’s road ahead for digital transformation and tax automation

E-Invoicing – India’s road ahead for digital transformation and tax automation

GST BFSI
October 7, 2020 187 0 Read Article

After quite a few delays and disruptions, e-invoicing is all set to roll out in the Indian indirect tax system starting October 1, 2020. While e-invoicing is new to India, it has been long implemented and commonly practised amidst...


Blog

Benefits of Decentralized Finance DeFi

BFSI Fintech Digital Transformation
October 6, 2020 1121 0 Read Article

Listed here are the advantages or Benefits of DeFi over the traditional financial systemPermissionlessOpen-sourceDecentralizedNo involvement of Central EntityHigh LiquidityBorderlessProvides full control over fundsTime-SavingCost-...


Blog

Blockchain in Fintech: 5 Financial Services Inefficiencies that Blockchain Can Resolve

BFSI Fintech Blockchain
September 24, 2020 2282 0 Read Article

Blockchain technology has been the talk of the town for a few years now. Blockchain technology is indeed one of the most disruptive technologies of the 21st century, a technology that uses –encoded, decentralized, immutable, and a...


Violations that can cancel your GST registration

Violations that can cancel your GST registration

GST BFSI
September 19, 2020 1232 0 Read Article

While the Centre has announced a number of relief measures for businesses in India during this lockdown, tax paying businesses will need to be prepared for a number of changes under the Goods and Services framework once normalcy r...


Three years of GST: Past, Present and Future

Three years of GST: Past, Present and Future

GST BFSI
September 17, 2020 659 0 Read Article

Three years ago, the indirect tax system in India went through a massive change and taxpayers across the country were introduced to a consumption-based indirect tax, the Goods and Services Tax. Known as India’s most significant ...


Why are expired e-way bills such a big deal?

Why are expired e-way bills such a big deal?

GST BFSI
September 16, 2020 133 0 Read Article

When the Centre implemented a nationwide lockdown two months ago, close to 20% of the 75 lakh commercial vehicles that ply across the country were stranded on national highways with consignments worth thousands of crores. These tr...


The battle of state GST compensation

The battle of state GST compensation

GST BFSI
September 15, 2020 161 0 Read Article

India has been battling with a global pandemic and as each day witnesses a surge in the number of COVID-19 positive cases (closing on 12 lakh any day now), there are several other burning issues in the country and one of them is f...


GST benefits for SMEs

GST benefits for SMEs

GST BFSI
September 11, 2020 202 0 Read Article

Since its implementation in July 2017, the Goods and Services Tax has been crowned as the tax reform that revolutionized India’s indirect tax system. Yet it has been under tight scrutiny and has been a constant subject of criticis...


How to file GST PMT 09?

How to file GST PMT 09?

GST BFSI
September 8, 2020 199 0 Read Article

The Central Board of Indirect Tax and Customs (CBIC) recently introduced the PMT 09 form with a view to facilitate the transfer of cash from one head to another head of the electronic cash ledger. Using this form, taxpayers will b...


Blog

41st GST Council Meet Highlights

GST BFSI Current Issues
September 8, 2020 323 0 Read Article

The Goods and Services Tax Council met today in their 41st GST council meeting to discuss the GST compensation to states for the shortfall in revenue collections. This meeting was led by Union Corporate Affairs and Finance Ministe...


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