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How to calculate gst?

GST is a simple process where the rates have to be referred as specified in the Goods and Services Act and on the basic rate charged, GST will be applicable.  However, discount can be deducted from the price and then the chargeable basic will have GST audit. At present, GST percentages are 0%, 0.25%, 3%, […]

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GST Return Filing Online in India

GST Return Filing Process – A Step-By-Step Guide

GSTR return filing is mandatory for all GST registered dealers.  Every registered dealer has to log into GST portal and file his return.  There are many types of returns and they are listed below. ·        Regular ·        Composite ·        Quarterly. A dealer should file returns as appropriate. DUE DATE OF FILING – GSTR1 is applicable for all regular […]

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FAQs on IT returns filing-professionals

Are you a professional income tax assessee struggling to maintain your income tax file ?  Amendments to acts, pre-conditions, ill advice and ignorance are the root of your problems. The income tax provisions of 44AD & 44ADA make it very easy for Professionals to file and maintain their income tax returns. Let us explore and […]

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TOP 3 FEATURES THAT MSME/STARTUP/BUSINESS ENTREPRENEURS SHOULD MAKE NOTE WHILE COMPUTING ESI

ESIC is a self-financed social security and healthcare insurance scheme for the working class, which has benefited a large number of workers in the unorganized sector who cannot afford the medical expenses.  ESIC is mandatory for a company with 9+ employees. The ESIC department may leverage data from various sources and issue notices which may […]

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KNOWLEDGE SHARING FOR BUSINESS ENTREPRENEURS WITH USEFUL TIPS – PF

“The best things in life are free, yet eventually the authorities will figure out how to tax them!” Introduction: We all know that PF is mandatory for organizations with employees over 20, but did you every wonder how this 20 plus is computed?  For example, a company has got 5 employees on roll and contract employees […]

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COVID-19, MSME THANKSGIVING & FINAL PRAYERS TO OUR HONOURABLE PM & FM & GOI

The whole nation along with MSME in particular are proud of your Govt. & appreciate their step by step prudent decisions & the much needed OXYGEN given to MSME YESTERDAY. Our sincere HEARTFELT THANKS FOR THE INITIATIVES. Do we need more?  YES.  Given the situation we are in, the SKY too is not ENOUGH, but […]

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RBI STIMULUS MEASURES IN TIMES OF COVID-19 OUTBREAK

We MSME were requesting the honourable Govt of India to stop our bleeding by providing us some sort of financial stimulus in this period economic recession compounded by COVID – 19. The Govt of India took a positive measure by addressing the tax and statutory compliances which was immediately required due to financial year coming […]

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COVID-19 FINANCIAL RELIEF PACKAGE FOR THE POOR BY GOVT OF INDIA

Hon FM Ms. Nirmala Sitaraman today announced a package of Rs. 1.7 lakh crore to handle the distress cost due to Corona Virus Pandemic and lockdown announced.  ·        PM Garib Kalyan Scheme will entail Rs. 1.7 lakh crore, which will include direct cash transfer into Jan Dhan accounts through DBT (direct bank transfer) and food security. […]

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Everyone is wondering over the impact of Corona virus and recession on the Indian economy

The spread of Corona is affecting the world economy.  The outputs are this decade’s lowest, there is shortage of many products and more than the pandemic, the panic is driving everyone crazy. The affected countries are China, Italy, Iran, USA and many more others are also following the road.  USA has declared it a national […]

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Economy Down – Corona Came – Business Dying – TAX PAYMENT NOT STOPPING

CORONA AAYA – BUSINESS BANDH HOGAYA With the Global Economy on a downward trend and unable to boost, The COVID-19 came as an added threat closing down the Entry Gates of all Businesses.  As I was trying to find an answer to this, many of my clients started calling me, pouring out their stories as […]

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