Webinar

"Mastering year-end tax compliance for FY 2024-25: Key changes & action plan”

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Brief and pointers

Tax compliance is critical for businesses, especially as they close the books for the 2024-25 financial year. With the dynamic nature of India’s tax laws, staying informed on the latest amendments is essential. These changes directly impact businesses regarding reconciliations, Input Tax Credit (ITC) claims, overall tax liabilities, tax returns, and financial statements.

Consider a manufacturing company availing of Input Tax Credit (ITC) on vendor invoices throughout the year. As the finance team prepares for year-end reconciliation, they realise that the recently introduced Invoice Management System (IMS) impacts ITC claims. Mismatches with vendor invoices and the subsequent marking of ITC as pending have adversely affected cash flow and year-end compliance. Could your business face a similar challenge? Hence, it is recommended that you start your year-end closure early.

In this session, tax expert Shrenik Shah will review the key tax amendments for FY 2024-25, explain their business impact, and share best practices for streamlining tax compliance for a smooth year-end closure.

Pointers :

  • Key tax amendments for FY 2024-25
  • Impact of taxes on year-end compliance
  • Common tax compliance challenges
  • Why early preparation for year-end closing is critical
  • Best practices for smooth year-end tax compliance
  • Live Q&A

Thought Leader :

Shrenik Shah

Tax Expert

Clear Tax

Speaker Bio :

Shrenik Shah is a seasoned tax professional and business strategist based in Mumbai, Maharashtra, India. With over a decade of experience in taxation, audits, and business development, Shrenik has honed his expertise in direct and indirect taxes, particularly in GST advisory and compliance. He currently serves as a Senior Manager in Presales at Clear, where he focuses on strategic planning and business development.

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