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On October 1, 2023, a landmark amendment to the Goods and Services Tax (GST) regime kicked in, reshaping the e-commerce landscape for unregistered suppliers and composition taxpayers. With access to previously restricted online marketplaces, this change has sparked both excitement and questions within the CA community. Let’s unpack the specifics of this amendment and its […]

1. What Is Double entry Accounting? At its core, double entry accounting is a systematic way of recording financial transactions. Instead of jotting down transactions randomly, we follow a structured approach. For every action, there’s an equal and opposite reaction – just like Newton’s third law of motion. 2. The Two Sides of the Equation

  Friends, for the last 10-15 days, we have all been talking about or trying to understand one thing, and that is the newly introduced section 43B(h) of the Income Tax Act, 1961, through which MSMEs’ payments will not be delayed even for a day. Friends, I will provide you with full information in this