Key Highlights of Union Budget 2024-25 – Changes under the Income Tax Law

Direct Tax India is growing at an accelerated pace and people are undertaking multiple financial transactions. The Income Tax Department has established a robust framework of reporting of taxpayers'

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Key Highlights of Union Budget 2024-25 – Changes under Customs & Excise

CHANGES IN CUSTOMS The Finance Minister introduced the Finance (No.2) Bill, 2024 in Lok Sabha today, 23rd July 2024. Changes in Customs, Central Excise and rates have been proposed through the Financ

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Key Highlights of Union Budget 2024-25 – Changes under GST Law

The Finance (No.2) Bill, 2024 has proposed changes in the CGST Act, IGST Act, UTGST Act and GST (Compensation to States) Act, 2017 through Clauses 110 to 146 of the Bill in CGST Act 2017, through.....

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How Audit Trail (Edit log) can Lead to Increased Compliance and Transparency

What are the Goals to Create an Audit Trail in India? Audit Trail Rule for Businesses Using Accounting Software from 1st April,2023. Why is Audit Trail (Edit Log) Mandatory for Businesses Governed by

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The Business Impact of Audit Trail (Edit Log) Rule

In response to the Ministry of Corporate Affairs' (MCA) mandate, businesses are required to implement an audit trail (edit log) feature in their accounting software by April 1, 2023. Here are things..

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Inventory Management Best Practices using TallyPrime

For a good control over your inventory, you need to have best practices in place. In this blog, we will talk about the best inventory management practices you can introduce to your business to enhance

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MSME Payment Rule Changes from 1st April 2024: A Quick Guide

The Government of India has introduced many schemes and incentives to help micro, small, and medium enterprises (MSMEs). These schemes, such as UDYAM registrations, ensure that MSMEs get easy credit..

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Highlights of Interim Budget 2024-25 regarding GST

The Hon’ble Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Interim Budget 2024-25 in Parliament today asserted that by unifying the highly fragmented i

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Importing Data From Excel Spreadsheet: Why Is It an Essential Capability for CAs in Business Management Software?

Excel spreadsheets are a ubiquitous tool used in businesses of all sizes. They are used to store and manage a wide variety of data, from customer records to financial data to inventory information and

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5 Must Have Insights in Your Dashboard

A good dashboard is like your business's command center in today's data-driven business world. It helps you keep an eye on everything that matters. To truly understand how your company is doing, here.

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UNRAVELING TABLES 14 AND 15: AN INNOVATIVE PHASE IN GSTR-1 REPORTING

The Goods and Services Tax Network (GSTN) ushers in a transformative update to the GSTR-1 return, unveiling two pivotal tables – Table 14 and Table 15.

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5 New Capabilities of TallyPrime that Simplifies GST Compliance for Your Business

The latest release of TallyPrime is loaded with key features such as GST reconciliation ( GSTR-2A, GSTR-2B, and GSTR-1), multi-GSTIN support in a single company, powerful report filters, and..........

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