The GST Council has approved the introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January 2020 on a voluntary basis. Since there was no standard for e-invoice existing in the country, the standard for the same has been finalized […]

Content Ways the Earned Income Tax Credit Can Build Assets How can I get my 1099-G tax form? I have questions What happens to the amount of tax money the government collects if unemployment is high? Who Pays Quarterly Taxes? What if I receive a Form UC/PUA 1099-G after I have filed my federal income […]

The Make in India initiative was launched by Prime Minister in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, Make in India was a timely response to a critical situation. By 2013, the much-hyped emerging markets bubble had burst, and India’s […]

Initiatives taken by the Ministry towards Ease of Doing Business (Prior to the Year 2020) 1. Ministry of Corporate Affairs has provided an exemption to private companies through the Companies (Amendment) Act, 2015, wherein the requirement for minimum paid-up capital was removed. 2. Central Registration Centre(CRC) was established by MCA under Section 396 of the […]

What is e-Way Bill? 1. e-Way Bill is mandatory for Inter-State movement of goods of consignment value exceeding Rs.50,000/- in motorized conveyance. 2. Registered GST Taxpayers can register in the e-Way Bill Portal using GSTIN. 3. Unregistered Persons/ Transporters can enroll in the e-Way Bill System by providing their PAN and Aadhaar. 4. Supplier/ Recipient/ […]

Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters that define the ease of doing business in a country. How it is measured? It is computed by aggregating the distance to frontier scores of different economies. The distance to frontier score uses the […]

The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on 1 January 2015. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs. While designing strategic and long term policies and programs for the Government of […]