GST Council may consider modifying the monthly GST payment form

GST Council may consider modifying the monthly GST payment form Officials indicated that the GST Council is likely to take into consideration a suggestion for improvements to the GSTR-3B monthly tax payment form, which would include auto-population of outward supplies from sales returns and a non-editable tax payment table. With this change, the problem of … Read more

Know How ITR Filing Helps in Expanding Business Easier; File your ITR for AY 2022-23

Know How ITR Filing Helps in Expanding Business Easier; File your ITR for AY 2022-23 Did you know filing your ITR makes expanding your business easier! The Income Tax Return (ITR) is a form that must be submitted to the Income Tax Department of India. It comprises information on a person’s earnings and the taxes … Read more

Core Banking Can Be Deployed Successfully in the Cloud and Community Banks Should Cheer

The mainstream acceptance of the cloud as a practical deployment option presents new opportunities for financial services institutions, especially for community banks. A decade ago the cloud was reserved for edge applications like CRM and HR, but today deposits and lending solutions can be offered effectively, efficiently, and securely in the cloud. The State of … Read more

Moon. An Overview of the Global Open Banking Market

As the banking industry continues to develop, open banking is becoming popular as it allows consumers to enjoy faster, cheaper and more personal banking solutions. The fintech industry needs to recognise that open banking is a major source of innovation and is set to revolutionize the banking industry. What is open banking?Open banking can be … Read more

GSTR-4 Filing Timeline proposed to be Extended in Upcoming Council Meeting

GSTR-4 Filing Timeline proposed to be Extended in Upcoming Council Meeting Taxpayers’ compliance will probably be made easier in this upcoming GST Council Meeting The Council May propose to condone GST refund requests by waiving the two-year COVID periodaccording to sources. Also, there is a proposal to extend Timeline For Filing GSTR-4. The Timeline might … Read more

Clarification on GST burden on crypto ecosystem deferred by Fitment committee

Clarification on GST burden on crypto ecosystem deferred by Fitment committee GST Fitment committee has deferred clarification on the GST tax burden for the crypto ecosystem. According to sources, no clarity will be provided on GST applicability to crypto exchanges and related operations including mining, bartering, and wallets, etc. This means Crypto Tax will Remain … Read more

The battle against financial terrorism demands every tool in the box

Meeting the requirements of ever-evolving anti-money laundering (AML) and counter terrorist financing (CTF) laws, regulations and guidance is no mean feat. The sheer depth and breadth of requirements from such as wide range of bodies, can be daunting for even the most seasoned industry experts. The first place they might look in relation to AML … Read more

Bank Branch Transformation: Finding the Right Mix

Bank branch networks continue to decline steadily. Consumer research shows that UK banks are cutting branches at a rate of 60 per month[1], and a similar pattern is apparent in many other countries. Few doubt that the future of banking is largely digital, so how will bank branches survive? This blog explores a new role … Read more

States likely to seek extension of GST compensation window by at least 2-3 years

States likely to seek extension of GST compensation window by at least 2-3 years States may request an extension of the compensation window for at least two to three years, in the upcoming GST Council Meeting. The average revenue shortfall across all of India has decreased from 37.9 percent in FY21 to 27.2 percent (FY … Read more

The Top 5 Development Tips for Building a Metaverse

All eyes are glued toward the metaverse and its revolutionary uses. But, what are the creators thinking when developing one? The metaverse community is growing at a frantic pace. Market forecasts have already suggested an upcoming economy exceeding valuations of USD 1 trillion. The progress has been multi-faceted. The objective is separate for metaverse-building companies … Read more