In the realm of taxation and business compliance, the Goods and Services Tax (GST) system stands as a pivotal framework ensuring streamlined tax processes in many countries, including India. Central to this system is the GST Identification Number (GSTIN), a unique 15-digit code assigned to every registered taxpayer. This number is essential for various operations …
Month: March 2025
10 Key Points to Plan Before Financial Year Closure (March 31, 2025)
As the financial year draws to a close, it’s crucial for businesses and individuals to ensure their financial affairs are in order. Proper planning can prevent last-minute hassles, ensure compliance, and optimize tax liabilities. Here’s a comprehensive guide to the ten key areas you should focus on before March 31, 2025. 1. Verify Income Tax …