Skip to main content

E INVOICE ...THRESHHOLD LIMIT FURTHER REDUCED TO 5 CRORE WEF 1ST AUG 2023

 The government has decided to reduce the e-invoice limit from Rs. 10 Crores to Rs. 5 Crores from 1st August 2023. This means that any taxpayer who has an aggregate turnover exceeding Rs. 5 Crores in any financial year from 2017-18 to 2022-23 will be required to generate e-invoices from 1st August 2023 onwards. In simpler terms, businesses with turnover above Rs. 5 Crores will be required to generate electronic invoices for their transactions.

Comments

Post a Comment

Popular posts from this blog

SME IPO………….ONE OF THE UNIQUE WAY FOR FINANCING YOUR BUSINESS AND MULTIPLYING WEALTH IF YOUR BUSINESS IS GOOD GROWING, IF YOUR BUSINESS IS PROFITABLE, IF YOUR BUSINESS HAS GOOD REALISTIC PROJECTIONS, IF YOUR BUSINESS HAS POTENTIALS TO GROW HORIZONTALLY AND VERTICALLY AND IF YOU ARE VISIONER……….READ THIS KNOWLEDGE SHAREING For any business in the world, FINANCE is the 1 st and pre-requisit to establish and run the business and to write its growth story. Many profitable business do not survive due to availability of finance or due to availability of finance at high cost. There are many ways to finance business…i.e. own capital, Loan Funds from banks, Financial institutions, Debt fund , Unsecure loan funds , Pvt Equity, Public equity funds and so on and so forth… but for the growth of business , for developing business horizontally and vertically, low cost fund can play the crucial roll for the whole growth story.   Funding business through debt instrument is the costly affair ...
Post a Comment
Read more

TAX REGIME…need to understand for better Tax Planning

 Now the Tax season has been started, and before filing ITR one must understand about the Tax Regime for The better tax planning. Before filing ITR one, must calculate and compare Tax and effect on both the resime. Following car, some key points for understanding about the Tax resime Tent, it’s implications. *Key Points to Remember for Tax Regime from AY 2024-25 Onwards* 1. Default Tax Regime:    - The default tax regime is the New Tax Regime under Section 115BAC. If you wish to opt for the Old Tax Regime, you must specifically select it in the ITR form. 2. ITR 1 and ITR 2 Filers:    - You can choose either the Old or New Regime while filing your ITR.    - No need to file Form 10IEA for opting into the Old Tax Regime for AY 24-25 or for opting out of it from AY 25-26 onwards. 3. ITR 3 and ITR 4 Filers:    - To select the Old Tax Regime for AY 24-25, you must file Form 10IEA.    - If you wish to opt out of the Old Tax Regime from AY ...
Post a Comment
Read more

KEY BENEFITS OF GOING FOR SME-IPO

 Benefits for Companies Going for SME IPO Introduction Small and Medium Enterprises (SMEs) play a crucial role in the economy, often driving innovation, employment, and economic growth. As these companies expand, they may consider going public through an Initial Public Offering (IPO) on SME exchanges. In Addition to all, the very important benefit is the Valuation of Business, which otherwise we do not count. Only when the Company goes for Public Issue, the real value of Business, It’s Growth, It’s Name gets Valuations.  This move can offer a range of benefits that can significantly enhance their growth trajectory. This article outlines the key advantages of SMEs going for an IPO. 1. Access to Capital One of the primary benefits of an SME IPO is the ability to raise substantial capital. This influx of funds can be used for various purposes, such as: • Business Expansion: Funds can be utilized to enter new markets, develop new products, or expand production capacities. • ...
Post a Comment
Read more