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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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 […]
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 […]
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 […]
“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 […]
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 […]
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 […]
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. […]
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 […]
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 […]