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Showing posts from April, 2023

Consultants for GST Registration in India

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Consultants for GST Registration in India A Consultant for GST Registration in India is a person who takes care of all your tax-related concerns and helps you keep your returns filed punctually. He also steers you through any GST policy changes and additions. Getting your business registered under G oods and Service Tax is one of the most critical decisions you need to make for your company. It is an imperative process that will help you rethink your business model throughout the value chain, and gain a competitive advantage over your competition. Under the new tax regime, all manufacturers and suppliers are required to register for GST. The registration is done online, and a unique identification number or GSTIN is issued to each entity. If you have a consulting business, it is important to register for GST to reduce your tax liability and make sure that you are compliant with the rules and regulations. Choosing the right consultants for your GST registration...

Benefits of One Person Company in India

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Benefits of One Person Company in India In India, there are a large number of small scale enterprises which are working under the proprietorship model. The introduction of One person company (OPC) will help a lot of these enterprises to move into the organized version of Private Limited Company with a lower compliance burden, thus providing more access to banking facilities and other such benefits which might be unavailable to them in their unorganized form. The first and the foremost benefit of incorporating One Person Company is that it follows a similar structure as a private limited company. This business structure is often the most popular in the world and gives a sense of confidence to the suppliers and customers. It also provides a legal status and social recognition to your business. In a one person company, you do not need a big amount of capital as the whole responsibility of the operations rests with the single owner. This is a great advantage for ...

GST Annual Return Filing Services in India

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GST Annual Return Filing Services in India The tax administration in India has made it mandatory for all taxpayers registered under the Goods and Services Tax (GST) regime to file annual returns every year. These annual returns contain details of inward and outward supplies under different tax heads like CGST, SGST, and IGST. In addition to this, the turnover and audit details also need to be entered. The annual return for all the taxpayers liable to pay GST is called Form GSTR-9. This form is filed by all the registered entities in India irrespective of their location, size, and business model. Taxpayers whose aggregate turnover is more than two crores have to file annual returns as well as a copy of their audited financial statements, if required. This is done to ensure that the registered taxpayers are complying with their obligations under the law. Form GSTR-9A is a simplified annual return that is filed by registered taxpayers who have opted for the c...