Gold vs Silver – Which is a Better Investment option for you? Indians have a passion for precious metals is well-known. According to the 2019 data of the World Gold Council, Indian households are the biggest owners of the yellow metal with more than 25,000 tonnes of it being held by families. In a world …
It’s a fact that the implementation of Goods & Service Tax (GST) will result in a significant rise in compliance, which is required to incorporate all indirect tax systems of India. As of now, it is the GST portal contains a total of twenty-two kinds of GST Returns (GSTR) that fall under eight of them and …
E-invoicing adds automation to the filing of returns and makes it easier. It also improves controls against tax evasion. We will take a look at cancellation and amendment of e-invoices in GST. I have made a mistake in the invoice and have already generated an e-invoice. How can I change the e-invoice I have entered incorrect or …
Step 1 Register your business There are 3 options to do the same. Please select the best option based on the differences listed below. Private Limited Company LLP Proprietorship Ideal For: 1) Entrepreneurs planning to raise funds for angles or VC’s 2) If you are two or more partners Time Taken: 5 Days Cost: Rs 15,000 Ideal …
18% GST would be levied from 18th July 2022, on the lease rent furnished for the rental residential lodgings to registered individual’s underneath GST. The amendment is on the recommendations of the 47th GST council meeting, conducted on 29th June 2022. For learning the revisions for the common man on the basis of the change, …
The 47th GST Meeting of Council has fetched numerous changes in the rate of GST, Announced GST on certain food items, removed certain exemptions, etc. of which, introducing the GST on residential house property is the one. Renting of any immovable property being residential house property was exempt till 17th July 2022. A specific exemption was given …
If you’re a small business owner, entrepreneur, or self-employed service provider, you’ve probably worked with a financial expert to file your taxes. From financial professionals, we mean the certified public accountants who play various roles in financial advising. A scalable and justifiable business model is not enough for growth where you can produce a …
Finance minister, Nirmala Sitharaman, made a declaration on October 12, 2020, of LTC cash voucher conspire for the focal government representatives. The Income Tax Department, through an official statement, gave on October 29, 2020, then, at that point, broadened the advantages of the LTC Cash Voucher Scheme to non-focal government representatives too, i.e., those utilized …
After implementing the Goods and Services Tax (GST), the Government received some feedback on the advantages and disadvantages of GST. The GST acts as a Value Added Tax (VAT) and is designed as a complete indirect tax charged on the manufacture, sale, and consumption of goods as well as services at the national level. It …
What is a section 8 company registration in India? If any company desires to promote commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment or any such other object then it can register itself under Section 8 of the Companies Act 2013. This kind of company is called a Section 8 …