Dear Taxpayers,
1. GSTN is introducing two-factor authentication (2FA) for taxpayers to strengthen the login security in GST portal. Continue reading “GSTN Issued Important Advisory For Taxpayers – Two Factor Authentication For GSTN Taxpayers”
Best XBRL Software for Preparation & Validation of Annual Report in XBRL Format
Introduction
In the fast-evolving landscape of financial reporting, the extensible Business Reporting Language (XBRL) has emerged as a game-changer, revolutionizing the way companies prepare and validate their financial data. With the increasing demand for accurate and transparent reporting, XBRL software has become a crucial tool for businesses of all sizes. In this article, we present a comprehensive list of the best XBRL return software that excel in both preparation and validation, ensuring a seamless reporting experience.
Continue reading “Best XBRL Software for Preparation & Validation of Annual Report in XBRL Format”
GSTIN Update Advisory on Geocoding the Address of Principal Place of Business
FAQs – Geocoding the Address of Principal Place of Business for Existing Regular Taxpayers (Only Applicable for Delhi and Haryana)
Q.1 For which class of taxpayers is the functionality of Geocoding Principal Place of Business available?
Ans. The Geocoding of Principal Place of Business process is applicable for Normal Taxpayer/ Composition/ Casual Taxable Person/ Input Service Distributor (ISD)/ SEZ Developer/ SEZ Unit.
Continue reading “GSTIN Update Advisory on Geocoding the Address of Principal Place of Business”
50th Meeting of the GST Council News on New Rates and Updates
The 50th meeting of the Goods and Services Tax (GST) Council was held here today, under the chairpersonship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
Continue reading “50th Meeting of the GST Council News on New Rates and Updates”
FAQ – GSTN Advisory for New Compliance by Taxpayers in Form DRC-01B Pertaining to Differences in GSTR-1 vs. GSTR-3B (gstr-1-3b-drc-01b)
FAQs > Return Compliance in Form DRC-01B (Intimation of difference in liability reported in statement of outward supplies and that reported in return)
1. When can Form DRC-01B be filed?
The system checks the spike between the liability declared in form GSTR-1/IFF and the liability paid in GSTR-3B/3BQ for each return period. If the liability declared in GSTR-1 exceeds the liability paid in Form GSTR-3B by a pre-defined limit for a return period or the percentage difference between the liabilities declared in GSTR-1 exceeds the configurable percentage threshold from the liability paid in Form GSTR-3B for a return period, an intimation is sent to you.
GST Software: Benefits, Features, and Price of the Best GST Software in India
Introduction: What is GST Software?
GST (Goods and Services Tax) is an indirect tax system introduced in India in July 2017. It replaced the existing complex tax structure with a simple and transparent system. GST Software is a tool designed to help businesses comply with GST regulations. It automates the process of GST compliance, which includes calculating and filing GST returns, generating e-way bills, managing invoices, and reconciling data.
Continue reading “GST Software: Benefits, Features, and Price of the Best GST Software in India”
Everything You Need to Know About the MCA XBRL Validation Tool
Introduction
Welcome to our comprehensive guide on the MCA XBRL Validation Tool. At Microvista, we are dedicated to providing you with the most up-to-date information and valuable insights to help you understand and utilize this powerful tool effectively. In this guide, we will delve into the key features, benefits, and implementation of this tool, equipping you with the knowledge to optimize its usage and stay ahead of the competition.
Continue reading “Everything You Need to Know About the MCA XBRL Validation Tool”
XBRL Software: A Guide to Free Downloads, Prices, and Vendors in India
Welcome to XBRL Software: A Guide to Free Downloads, Prices, and Vendors in India
As the world of business becomes more complex and globalized, regulatory compliance has become a major challenge for companies of all sizes. To meet these challenges, businesses increasingly turn to XBRL software to automate their financial reporting processes. In this article, we’ll provide an overview of XBRL software, including free downloads, prices, and vendors available in India.
Continue reading “XBRL Software: A Guide to Free Downloads, Prices, and Vendors in India”
What is a Strike Off (Striking Off) Company in India? Understanding the Process and FAQs
In this article, we will explain everything you need to know about striking off company in India. We will cover the process, the documents required, and some important points to keep in mind.
If you are a business owner in India, you may have heard the term strike off company. It is a process that involves removing a company’s name from the Registrar of Companies (ROC) list. In other words, the company is no longer legally registered and cannot conduct any business activities.
Why would a company want to be struck off? There could be several reasons, such as the company is no longer operational, the directors or shareholders wish to dissolve the company, or the company was registered by mistake. Whatever the reason, it is important to follow the proper procedure for striking off company in India.
In this article, we will explain everything you need to know about striking off company in India. We will cover the process, the documents required, and some important points to keep in mind.
What is XBRL Filing Software? The Ultimate Guide of XBRL Software
XBRL filing software is a type of software. That is used to prepare and file financial and business reports in the XBRL format. XBRL(eXtensible Business Reporting Language), is a digital language and framework used to communicate business and financial information electronically.
This XBRL software is designed to tag financial data accurately in the XBRL format and also helps to validate and submit the XBRL report to regulatory bodies. It simplifies the process of preparing and presenting financial data in the XBRL format while ensuring accuracy and compliance with regulations.
Continue reading “What is XBRL Filing Software? The Ultimate Guide of XBRL Software”