Category Archives: Uncategorized

Why Business Intelligence (BI Tools) will revolutionize modern reporting in SMEs

This article aims at raising eyebrows for the new generation of reporting tools that will soon be occupying a major portion of the market. Remember the simpler times when older ERP software’s were creating all the buzz for their renowned capabilities? Or even further back when Tally was named the paragon for the accounting world? … Continue reading Why Business Intelligence (BI Tools) will revolutionize modern reporting in SMEs

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Key changes in interim budget 2019

Key changes in interim budget 2019 Key changes in interim budget 2019Finance Minister Piyush Goyal’s much-awaited Interim Budget that was presented in the Lok Sabha on 1st February 2019 came as a big income tax bonanza for middle-class individuals. While there were several sops for the agriculture sector, the key changes in the tax payable … Continue reading Key changes in interim budget 2019

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A note on composition scheme in GST

A note on composition scheme inGST Composition Scheme (Not Applicable in following cases) Taxpayer supplying exempt supplies. Taxpayer having Interstate supplies. Supplier of services other than restaurant related services. Manufacturer of ice cream, pan masala, or tobacco. Casual taxable person or a non-resident taxable person. Businesses which supply goods through an e-commerce operator. Conditions for … Continue reading A note on composition scheme in GST

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Auditing In An Uncooperative Organization

Auditing In An Uncooperative Organization For an internal auditor, an uncooperative organization may be characterized as one in which it is difficult to do his or her job. This may be because of a client’s resistance to change, lack of trust in internal audit, viewing the function unfavorably, or not understanding the role of internal … Continue reading Auditing In An Uncooperative Organization

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Key points on return filing and availing of credit as approved by GST Council in 27th Meeting

Key points on return filing and availing of credit as approved by GST Council in 27th Meeting 1.Unidirectional Flow of invoices    There shall be unidirectional flow of invoices uploaded by the seller on anytime basis during the month which would be the valid document to avail of input tax credit by the buyer. Buyer … Continue reading Key points on return filing and availing of credit as approved by GST Council in 27th Meeting

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Be cautious before undertaking a Cash Transaction

Be cautious before undertaking a Cash Transaction Every year in Union Budget, Central Government come out with some rules and prohibited those transactions which generate Black Money.To curb all these types of transactions, Government has imposed certain Limits on transaction in cash. Some of transaction along with their penal provision are as follows:   Accepting … Continue reading Be cautious before undertaking a Cash Transaction

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