2024 – Page 7 – Soatech

Transitional Provisions under GST Law Part3-Input Credit Available for Exempt Services and Goods

By adminSOA August 2, 2024Blog, GSTNo Comments

Background: In India many states do not require VAT registration, if the turnover does not cross certain threshold. For example in Karnataka, there is no need to get VAT registration,…

Taxation of Free Meals and Food in Income Tax Act 1961

By adminSOA August 2, 2024Blog, Income TaxNo Comments

Normally if food expense is incurred by employer on behalf of the employee, then it has to be treated as perquisite. However, there are certain exceptions to this provision Food,…

All About Liberalised Remittance Scheme-Part1

By adminSOA August 2, 2024Blog, FEMA/RBINo Comments

With globalisation, movement of funds between countries has become quite common. In this context it is quite important to take note of Liberalised Remittance Scheme in India. Under this scheme…

Why? When? & Whom? should be hired as CFO?

By adminSOA August 2, 2024Blog, Business plansNo Comments

In any business Cash acts as Oxygen and it is ultimate necessity for life. For survival Oxygen has to be inhaled and has to be exhaled in form of carbon…

How to Choose a Accounting Outsourcing Service Provider?

By adminSOA August 2, 2024Blog, Finance & accountingNo Comments

Consider this: A CEO of a multinational company after reviewing his quarterly results, comes to following conclusion: Growth is stagnant Fixed cost is on the rise, contributed by rising expenses…

Ideas to Plug your Business Revenue Leakage

By adminSOA August 2, 2024Blog, Business plansNo Comments

Do you know on an average a company loses 1% to 2% of its revenue on account of revenue leakage? Some of the reasons are below: No billing for the…

How to Apply For Service Tax Refund-A Step By Step Process to Get Service Tax Refund

By adminSOA August 2, 2024Blog, Service TaxNo Comments

Before you apply for service tax refund, you should know when you can apply for service tax refund a) When there is excess payment of service tax and which cannot…

Equalization Tax Aka Google Tax Could Burn A Hole in Your Pocket?

By adminSOA August 2, 2024Blog, Income Tax, Service TaxNo Comments

With Finance Act 2016, advertising services and goods online will become expensive with introduction of Equalization Levy Tax. The reason for introduction of this levy as lot of multi-national companies…

Nine Factors To Consider Before You Decide to Outsource Finance and Accounting Function

By adminSOA August 2, 2024Blog, Finance & accountingNo Comments

Well after lot of deliberation and thought you have finally decided to outsource your finance and accounting function. We are quite sure that cost is not the only factor in…

Does Your Business Really Need Cloud Based Accounting Systems?

By adminSOA August 2, 2024Blog, Finance & accountingNo Comments

The word cloud is in real demand. Everybody is talking about it and infact; you are using cloud based technologies in most parts of your business. As I am writing…