After understanding the circular trading, it is more important to understand the objective, i.e. purpose of circular trading. The main objective of circular trading is inflating turnover of the ...

Under the new format, there are two rounds of qualifying ties before the remaining eight nations fight it out for the trophy in the Davis Cup Final 8. 2002 Australian Open champion Thomas ...

Under GST, GSTIN of the supplier is mandatorily required to be mentioned in the tax invoice along with a consecutive serial number that is unique for each financial year. Hence, businesses must adopt ...

“We have been living under a lawless regime for quite some time,” said political theorist and University of Notre Dame professor Patrick Deneen in two Jan. 20 posts on X lambasting the ...

Suppliers must adhere to these provisions to ensure compliance under GST. 1. Turnover criteria:-If turnover of a registered person exceeds the specified limit then e-invoice will be applicable on that ...

GST officers are now required to provide a clear explanation of the “grounds of arrest” to a taxpayer, who is being placed under arrest for alleged tax evasion, fake invoices, fraudulent input tax ...

These changes focus on improving the management of credit notes under the GST Law, 2017. A credit note is issued by a supplier to adjust tax on an invoice, typically due ... the Credit Note and is any ...

Scammers have become highly skilled in creating invoices that look legitimate, preying on busy teams and vulnerable payment systems. Falling for one can result in significant financial losses, damage ...