Category Archives: Tax and Compliance

Applicability of GST Audit

The Article ‘Applicability of GST audit’ by Ishita Singh delves into the process of audit under Good and Services Tax (GST) in depth. This Article demonstrates various categories of the GST audit as well as the goal of the GST audit. An audit is an intrinsic aspect in order to verify whether the business account is in compliance… Read More »

An Analysis of Constitutional Provisions Regarding Tax in India

I. Introduction A nation’s economy is strengthened by its taxation system, which ensures that revenues are stable, regulates economic development, and stimulates industrial activity. The authority to levy the tax comes from the Constitution which distributes the power to levy various taxes between the Union and the States. An important restriction on this power is Article 265 of… Read More »

Types of Taxes in India and their Functioning

In this article ‘Types of Taxes in India and their Functioning,’ we will explore the prevalence of several types of taxes. In India, taxes may be direct or indirect. However, the sorts of taxes vary depending on whether they are imposed by union, state, or local governments. Types of Taxes in India and their Functioning India has a… Read More »

Understanding the Fundamentals and Concepts of Money Laundering

This article titled ‘Understanding the Fundamentals and Concepts of Money Laundering.’ is written by Mayank Shekhar and attempts at providing an understanding of the concept of money laundering. I. What is money laundering? Money laundering (ML) in layman languages means a process by which individuals involved in criminal activities launder their assets, money and other profits in order to… Read More »

Double Taxation Avoidance Agreement: Meaning and Conceptual Understanding

This article titled ‘Double Taxation Avoidance Agreement: Meaning and Conceptual Understanding.’ is written by Eshanee Bhattacharya and discusses the double taxation avoidance agreement. I. Meaning and Conceptual Understanding The Double Taxation Avoidance Agreement (DTAA) is a tax treaty signed by two or more nations to assist taxpayers in avoiding double taxation on the same income. When a person is… Read More »

Input Tax Credit in India

The primary goal of introducing input tax credit under GST is to reduce the effect of cascading taxation that existed under the prior VAT regime. Input Tax Credit in India Since 2017, the Goods and Services Tax (GST) has been regarded as one of the most significant tax reforms in India. GST combines all of the country’s indirect……...

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Importance of Compliance and Agreements for Digital Startup

This article titled ‘Importance of Compliance and Agreements for Digital Startup’ is written by Mayank Shekhar and discusses the importance of compliance and agreements for digital startups. I. What Is Compliance? Compliance is the collection of processes and procedures used by an organization to guarantee that personnel and the business as a whole adhere to internal and external norms… Read More »