Some readers may be wondering about the caption of this article – as e-Invoicing does not apply for companies with Gross Annual Turnover (GTO) less than Rs 10 Crore! Read on, and I will explain why your company too needs to plan in advance for this transition. And why, now is the good time to start! From 01 Oct 2020, ...
We create compelling culture content featuring employee stories — no matter from where our IVLion’s are working: Let Scroll Down Careers @ IVLYour RoleImproving quality of life requires innovation, collaboration, compassion and creativity. All along we will never stop doing things better, smarter and safer. To do this, we need a diverse team of individuals who live our values. If ...
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.
PreambleThe world has changed a lot and yet has to change a lot. Sensing the significance of trade across nations as an engine of economic growth both at national and global levels, nations and global bodies committed to global growth are coming under a common banner of trade laws, practices and facilitation as well. Global trade is full of complexities ...
The Union Cabinet meeting held by Honourable PM of India Mr Narendra Modi has approved to continue to provide Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates to the Textile exporter as mentioned by the Textile Ministry for exports of apparel/garments. This will continue till March 31, 2024, this will help the Textile sector to ...
The ability to easily share data with other businesses and with customers is among the most critical drivers for modern, mission-critical business initiatives. API, or Application Program Interface is the software intermediary that allows different software applications to talk to each other. APIs are all around us, even as many of us may not be unaware of this. When we ...
Transfer PricingTransfer pricing is the price at which one entity transfers or transact supplies/ Goods to another entity. In other words, transfer pricing is the price which is paid for goods or services transferred from one unit of an organization to its other units situated in different countries. Transfer prices are used when individual entities of a larger multi-entity firm ...
