This article contains the understanding and implications of the notifications issued on 23rd March to give the effect of the council decisions taken on 14th March 2020. Notification No. 10/2020 – Central Tax, Dated – 23-03-2020 Download Notification PDF:- Applicable to taxpayers in Dadra and Nagar Haveli and Daman and Diu. The transition date shall be 31st …
Updates On Notifications Issued On 23rd March 2020 Read More »
The GST Council held its 39th Council Meeting on 14th March 2020 in New Delhi headed by the Union Finance Minister Nirmala Sitharaman who had some new announcements under GST. According to the GST Council Meeting, the implementation of e-invoicing and QR Code generation has been extended to 1st Oct 2020 for companies with a …
The 39th GST Council Meeting was conducted in Delhi on 14th March 2020 chaired by our Finance Minister Nirmala Sitaraman. Relaxations in compliance for multiple types of taxpayers and deferment of E-invoicing and New Returns were a big relief brought out by the decisions of the council meeting. Key decisions and their impact on the …
In this article, we will discuss the wave of developments in the GST regime proposed under new returns and as reemphasized in the Union Budget of FY 2020-21. This article will help the taxpayer in understanding the implications of new returns and key areas impacting compliances under the GST regime. In this article, we shall …
Ever since E-invoicing was announced by the Govt. there have been a lot of discussions and confusion in the industry around how it will be implemented. Considering this, Cygnet Infotech decided to arrange a Seminar for all their customers and prospects. The seminar – Get Ready for E-invoicing was held on the 28th of January …
Review On Cygnet GSP Seminar – Get Ready For E-Invoicing Read More »
Before entering in the Year 2020, automation was already the talk of tax town. In fact, approximately 112 countries across the globe are already using some form of electronic invoicing, but in India e-invoicing has just been introduced. People and businesses have saved a lot in processing cost itself. Automation has been in businesses in …
How Businesses Can Use Automation To Improve Their Tax Processes In 2020? Read More »
According to a recent RBI Financial Stability Report, the gross non-performing asset ratio of banks may increase to 9.9 percent by September 2020 from 9.3 percent in September 2019. This is not a good sign as banks are the custodians of people’s money and need to follow astute practices in the choice of the investments …
GST’s 38th Council Meeting was held on 18th Dec 2019, Delhi was chaired by Honorable Finance Minister Nirmala Sitharaman. Other attendees of the meeting were Union Minister of State Finance & Corporate Affairs Shri Anurag Thakur, Finance Minister of States & UT and Senior Officers of Ministry of Finance. This meeting was concluded with some …
Highlights of the 38th GST Council Meeting Held in Delhi Read More »
The market is loaded with GST software providers. But how many have the capabilities of reducing your work and making GST filing easy for you? How many of them are reliable and scalable depending on the business requirements? Well, your answer is Cygnet GSP. What makes Cygnet GSP better than the other software’s already available …
Why Cygnet GSP Is a Better Choice For GST Return Filing? Read More »
GST (Goods & Service Tax) has been the biggest tax reform in India since the Independence of the country. There is a myth that all businesses will be able to pay their GST on time, but many are failing in timely compliance. There are some definite challenges corporates face to be on time and to …
Primary Reasons Why Corporates Fail In Timely Compliance Read More »
