GST INPUT RECONCILIATION ON MONTHLY BASIS     Method to reconcile the GSTR 2A and Tally without any modification; We will discuss here, how we can reconcile 2A with Tally data and identified the difference on specific party. kindly adopt below process flow: Download 2A Remove blank line and make in Format Reconcile the amount with shown Read More →

company law

COMPANY LAW Checklist for issue of Sweat Equity Shares under Companies Act, 2013 Issue of Sweat Equity Shares In the current scenario, an employee is the key of the success of every organization and every employee deserve to be compensated for the efforts made by them to make the organization successful in the competitive market Read More →

accounting and taxation

  ACCOUNTING & TAXATION 14 Tax-saving investment options beyond Section 80C limit:   Most people are aware of claiming tax deduction of Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961. Now let’s take a look at the tax-saving options other than Section 80C to turn you into a smart tax saver. Most Read More →

Accounting & Taxation Purpose: Needed, GST, not another alphabet soup   The Cabinet Committee on Economic Affairs (CCEA) approved last week a new Remission of Duties or Taxes on Export Products (RoDTEP) scheme that will reimburse central and state taxes, duties and cess on petroleum products and electricity and levies other than the goods and Read More →

accounting ands taxation

ACCOUNTING & TAXATION A Preliminary Framework for Product Impact-Weighted Accounts: Although there is growing interest in environmental, social, and governance measurement, the impact of company operations is emphasized over product use. A framework like this one that captures a product’s reach, accessibility, quality, optionality, environmental use emissions, and end of life recyclability allows for a Read More →

direct sellers

CAUTIONARY TO DIRECT SELLERS. If direct sellers are in involved in Ponzi Schemes can be prosecuted under various depository protection laws in India. As the Government of India has issued Guidelines for Direct Seller Entities in the year 2016 banning of Pyramid Schemes and Money Circulations which harms the depositor’s interest and indirectly the public Read More →

accounting and company law

  ACCOUNTING Accrual Basis of Accounting On the other hand, accrual basis of accounting, recognized income when it is earned and recognizes expenses when they are incurred: The firm will expense raw materials consistently as they are used and not in one single charge when they are paid for. The firm will record income when all Read More →


LITIGATION NEWS   Non-speaking order cannot be converted into a speaking order by way of an affidavit: Delhi HC   The Delhi High Court has held that a non-speaking order by an authority cannot be converted into a speaking order by way of an affidavit in a subsequent legal proceeding. (Reebok India vs UOI & Read More →

  The computer-generated world of internet is known as cyberspace and the laws prevailing this area are known as Cyber Laws and all the users of this space come under the ambit of these laws as it carries a kind of worldwide jurisdiction. Cyberlaw can also be described as a branch of law that deals Read More →