by Pavan Kumar Sahu | Dec 4, 2024 | floTax
“IMS is a communication tool for ease of doing business and need to be welcomed rather than being questioned for its legal backup. It helps in the rollout of prefilled returns in future.” — Akella Prakasa Rao Brought to you by: floTax by Wepsol – A...
by Pavan Kumar Sahu | Nov 8, 2024 | floTax
Brought to you by : floTax by Wepsol – A complete one-window solution for GST, E-Invoice, E-wayBill, Tax reconciliation. In our recent webinar, Akella Prakasa Rao delved into an exciting development in the world of GST—the new Invoice Management System (IMS)....
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | Jul 14, 2022 | floTax
Often the industry is faced with situations wherein they will be asked to pay the past dues under the erstwhile Central Excise, Service Tax or Customs, as a result of audit, investigation or adjudication. Now the question before the assessee is on such payment, if it...
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | Jul 12, 2022 | floTax
The Supreme Court Larger Bench in Civil Appeal No. 2289-2293 of 2021 has held that the secondment of employees by an overseas group company (OGC) to an Indian company is liable to service tax based on a detailed analysis of the agreements and applying the principle of...
by admin | Apr 30, 2022 | floTax
E-invoicing compliance was a breakthrough facility introduced under the GST law. Considering the plight of the taxpayers where compliances were becoming redundant, e-invoice removed this redundancy by interlinking the e-invoice portal with GST common portal and e-way...
by Siddarth Nandakumar | Mar 31, 2022 | floTax
Any registered person whose annual income exceeds five crore rupees should get his financial accounts audited according to the CGST Act sub-section (5) of section 35. A copy of all the audited annual accounts and a duly submitted reconciliation statement should be...
