HOW TO FILE GST RETURNS As of 1st July 2017, India saw a new tax reform coming into the act. The goods and service tax, aka GST, is the single indirect tax levied on goods and services of business entities. It is the single tax that ventures have to pay cutting out different tax heads …
Read MoreGST APPLICATION STATUS With the goods and service tax aka GST rolling into India from 1st July 2017, there are quite a few terms and terminologies that came into the picture as well. A well furnished large-scale firm can hire accountants and accounting software’s to get through all of this, however, the small and medium …
Read MoreWhat is the GSTIN Number? Goods and services tax identification number or simply GSTIN is a unique identification number provided to individuals or companies registered under the GST Act. It is a 15 digit unique number (a combination of alphabet and numbers)based on your permanent account number (PAN). To obtain the GST number, the entity …
Read MoreYou have decided to take on a business loan but while reading the agreement or scrolling through the pages of information related to the loan you come across terms that you have no idea about. For a business owner knowing all the terms of a loan is not always possible and sometimes leads to confusion. …
Read MoreWhen you start off your business, you have the dream to make it big and out there, with great financials, a loyal customer base and immense great. But to get there, it takes hard work, grit and the passion. Also, capital. For small businesses especially, taking on external funding is imperative. So what is business …
Read More2017 had been a roller-coaster ride for India. The first demonetization then G.S.T. the government had tossed googly after googly towards people. And now the government’s last ball of this 5-year test series is The Budget 2018: Hopefully, this one will be for the AAM AADMI. Naturally, everyone’s got their wish list ready right from …
Read MoreGoods and Services Tax (GST) was launched in India on 1st of July 2017. It created all kinds of noises, both good and bad, and finally, amidst a lot of dilemmas, this historic step was taken. It has been 3 months since GST came into effect but if you ask around, you will discover there is still …
Read MoreInflation in simple terms can be explained as a general increase in the price of commodities like grains, fuels, consumables etc. It also signifies erosion in the purchasing power of money. For example, one year back the cost of diesel was Rs. 50 per liter and so Rs.100 could buy you two liters, however, in …
Read MoreGST has united India under a single tax rate but also created a set of questions which plague one and all. Here is a lowdown on the 5 most important questions related to GST and how it is impacting our daily life. What is the final tax slabs on your daily bills? Hotels and Lodges- For …
Read MoreGST is Goods and Service Tax which has been applicable since the 1st of July 2017. It is a single tax being levied on all goods right from the manufacturer to the consumer. This single indirect tax is being used for the whole country thereby unifying India. Credits of input taxes paid at each stage …
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