New CBIC Guidelines to Streamline GST Registration Process: Instruction No. 03/2025-GST
On
April 17, 2025, the Central Board of Indirect Taxes and Customs (CBIC) issued
Instruction No. 03/2025-GST, offering a comprehensive set of guidelines aimed
at resolving common hurdles faced during GST registration. The instruction
comes as a much-needed reform to standardize the verification process and
eliminate unnecessary documentation demands that often delay or derail genuine
registrations.
- 21st Apr 2025
- Category: Taxation
- views: 136
What is FEMA (Foreign Exchange Management Act)?
The
Foreign Exchange Management Act (FEMA) is an crucial legislation in India that
regulates foreign exchange transactions and facilitate external trade and payments.
Enacted in 1999, FEMA replaced the older Foreign Exchange Regulation Act
(FERA), 1973, to align with India’s economic policies and global trade practices.
- 18th Apr 2025
- Category: Business
- views: 58
BUDGET 2025-2026
On
February 1, 2025, India's Finance Minister presented the Union Budget for the
fiscal year 2025-2026. Themed "Sabka Vikas" (Inclusive Growth), it
focuses on economic growth, tax relief, and investments in key sectors like
agriculture, MSMEs, innovation, and infrastructure.
- 8th Feb 2025
- Category: Taxation
- views: 126
Internal Audit: Essential for Businesses of All Sizes
Internal auditing is crucial for businesses—whether
small startups or large enterprises—to manage risks, ensure compliance, and
boost operational efficiency. While often viewed as a function for large
corporations, internal audits are equally beneficial for small and medium-sized
enterprises (SMEs).
- 31st Jan 2025
- Category: Auditing
- views: 132
