As the business community would be aware, GST Input Tax Credit process in India is undergoing a major change, effective Jan 2022. However, this is not a surprise either, as the indications were given long back. Let us look at the recent changes and also at some of the frequently asked questions on this topic. 1. What are the recent ...
Companies no longer rely on paper documents. The entire documentation process has become digital. Digital signature allows you to add signatures on your digital documents, thereby ensuring that they are equally credible and carry the same legal importance as paper documents How do Digital Signatures work?The Digital Signatures require a key pair (asymmetric key pairs, mathematically related large numbers) called ...
Almost all of us have made instant payments through Google Pay or Paytm. Or by scanning a QR Code displayed outside dhabas and tea shops. Ever wondered how these third-party Apps can trigger instant payment from our personal bank accounts? The answer is straightforward -- through embedded financial services, or APIs as offered by banks. Application Programming Interfaces (APIs) API ...
E-invoicing got off to a great start in India on 01 Oct 2020. The threshold limit for submitting electronic invoices was progressively lowered from the initial Rs 500 crores to Rs 100 crores turnover since 01 Jan 2021, and then to Rs 50 crores with effect from 01 Apr 2021. Thus as of now, it is mandatory that B2B transactions of companies with an annual turnover greater than Rs 50 Crore are processed through electronic invoices.
