Binary Semantics Ltd. on LinkedIn: We reflect on the transformative journey of 7 years of GST, highlighting… (2024)

We reflect on the transformative journey of 7 years of GST, highlighting this year's milestones, achievements, and future pathways. From record-breaking collections to cutting-edge tax technology with GSTrobo, discover how GST has reshaped India's compliance and what's next on the horizon.Full Blog - https://rb.gy/enjxko#GSTDay #7YearsOfGST #TaxReform #GSTrobo #BinarySemantics #Compliance #TaxTechnology

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Do you know that ease of doing business and transparency are two sides of the same scale? Finding the right balance is crucial, especially with the implementation of the GST Invoice Management System.In his insightful article, advisor CA Hemant P. Vastani delves into how this system ensures greater accuracy in tax filings for taxpayers.But the question remains - Is India prepared for this level of transparency? We’d love to hear your thoughts! Share your suggestions in the comments below.Check out the full article here : https://lnkd.in/dnTRn6YV #taxtransparency #indiaeconomy #tax #compliance #digitaltransformation #futureoftax #business #transparency #taxfiling #governmentinitiatives

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Record 7.28 Crore Income-Tax Returns Filed; 72% Opt for New RegimeA record 7.28 crore income-tax returns were filed this year, with 72% of taxpayers choosing the new tax regime. This marks a significant shift in taxpayer preference, reflecting the attractiveness of the new regime's simplified tax structure.LINKEDIN#gstupdates #gstcompliance #gstreturns #gstnews #gstindia #gst #gstmitra #capraveensharma #incometaxindia #incometaxreturn #incometax #einvoicing #einvoice #ewaybill #corporate #training #traininganddevelopment #trainings #eventmanagement #event#IncomeTax #TaxFiling #NewTaxRegime #TaxReturns #FinancialYear2024

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📢 Deadline Reminder for GST payers! Don’t Forget to File Your GSTR 7 returns by Feb 10th, 2024.What is GSTR 7? It's a crucial return filed by businesses to report the details of tax deducted at source (TDS) for the supplies received. Essentially, it helps in reconciling the TDS deducted with the TDS deposited. This ensures transparency and compliance in the tax system. Filing your returns accurately and timely is essential for maintaining compliance with GST regulations and avoiding any penalties imposed.Need More Information?Read Our Detailed Blog: https://zurl.co/LrMC At Setindiabiz, we understand the complexities of GSTR filing. So, our expert team is here to give you complete support. Avail Free Consultation @ https://lnkd.in/gw-fb77b For More Updates, Join Our Whatsapp Channel: https://zurl.co/4qBH #GSTRFiling #TaxCompliance #GSTR7 #Duedate #setindiabiz

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❓ Are you aware of the latest GST compliance changes? ❓🚨 Important Update on GST Compliance! 🚨The finance ministry has introduced a new optional form, GSTR-1A, as of 10/07/2024. This form allows you to amend GSTR-1 details and declare additional information before filing GSTR-3B. Stay compliant and informed with these new changes!👉 How will GSTR-1A impact your business? 👈For personalized tax advice, visit taxinno.com or contact us at 📞 9810876548 / 9315023197 or 📧 support@taxinno.com.🔗 Don't miss out on this important update! Like, share, and follow us for more tax tips and updates! 🔗#GSTUpdate #TaxCompliance #GSTR1A #TaxInno #FinancialPlanning #GSTCouncil #BusinessTax #MSMEIndia #TaxTips #GSTNews

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As the Union Budget 2024 approaches, businesses are anticipating significant changes to streamline indirect tax compliances. Key areas of focus include simplifying GST processes, reducing compliance burdens, and enhancing digital infrastructure for smoother tax administration. These reforms aim to boost ease of doing business and ensure more efficient tax management. Stay tuned for updates! LINKEDIN#gstupdates #gstcompliance #gstreturns #gstnews #gstindia #gst #gstmitra #capraveensharma #incometaxindia #incometaxreturn #incometax #einvoicing #einvoice #ewaybill #corporate #training #traininganddevelopment #trainings #eventmanagement #event#UnionBudget2024 #IndirectTax #GSTReforms #BusinessCompliance

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Destination-based taxation: The driving force behind India's GST landscape. Learn how goods and services are taxed at their final point of sale, boosting economic efficiency and fairness across states. Don't get lost in the tax maze! Legalwiz.in can help you navigate GST compliance. #GST #IndianTaxation #DestinationBasedTax #BusinessTax #TaxEfficiency #Legalwiz

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The Goods and Services Tax Network (GSTN) has recently restored the GST returns data for July and August 2017. This move brings relief to businesses and taxpayers, allowing them to access important historical data from the initial phase of GST implementation. The restored data includes GSTR-1, GSTR-2A, and other relevant filings, helping taxpayers resolve any discrepancies, ensure compliance, and maintain proper records.This step by the GSTN will aid in audit processes and provide clarity for businesses still dealing with historical GST returns issues, ensuring smoother tax compliance and accurate reporting.LINKEDIN#gstupdates #gstcompliance #gstreturns #gstnews #gstindia #gst #gstmitra #capraveensharma #incometaxindia #incometaxreturn #incometax #einvoicing #einvoice #ewaybill #corporate #training #traininganddevelopment #trainings #eventmanagement #event

💳 Tap into convenience with GSTN's latest move! 💼 Good news for taxpayers: Now, making GST payments is easier than ever! With UPI and Debit/Credit Cards accepted in 15 states/UTs, managing your dues just got a whole lot simpler. Stay tuned for seamless transactions ahead!Click here to know if your state is included 👉 https://lnkd.in/g54C8_kAVisit & follow Bizprout LinkedIn page for many such updates on compliance and interesting articlesShare your insights in the comments below. Let's pool our knowledge to navigate the complexities of tax compliance effectively!#bizprout #gstcompliance #gstindia #gstreturns #taxpayments #taxpayers

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#Budget2024 | Government's focus to automate #taxadministration and compliances through #facelessassessments, new Form 26AS and prefilled ITRs has paved way for tech-driven tax ecosystem, making it imperative for organisations to embrace #technology in tax: Rahul Kashikar, KPMG India | #KPMGBudgetLIVE #taxtechnology #taxautomation

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