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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 Goods and Services Tax (GST) is a destination-based tax charged on the supply of goods and services. It replaces multiple indirect taxes such as service tax, central sales tax, value added tax and excise duty. GST registration is an important process for all businesses in India, especially for those that deal with customers or suppliers in different states or regions. This is a new system of taxation, which was introduced on July 1, 2017. The process of GST registration can be confusing and overwhelming for people who are not well-versed with it. So, it is best to get help from a professional consultant  who provides GST registration services. Whether you are an individual or a business entity, the right GST consultant can ensure that your business is compliant with all the laws and regulations under the GST regime. They can also assist you in preparing and filing the necessary documents required for registration. ...

Benefits of One Person Company in India

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Benefits of One Person Company in India In the Union Budget 2021-22, the Finance Minister has proposed to allow small entrepreneurs to set up one-person companies to directly connect with their target market and avail credit facilities. This will enable millions of artisans, weavers and pottery makers to become self-employed and do business as a corporation. A one-person company allows a single individual to be incorporated and run a private limited company with minimal compliance. The entrepreneur can take advantage of the benefits of corporate structure like limited liability without having to deal with compliance requirements, like shareholder meetings. Manageable Structure: A One-person Company has a managed structure with no annual general meetings and a minimum of one director. This will make it easy to manage the company and keep track of all financial records. More Opportunities, Limited Liability: A one-person company is a separate legal entity ...

GST Annual Return Filing Services in India

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GST Annual Return Filing Services in India If you're running a business in India, then you'll be required to file GST Annual Returns on a regular basis. This will ensure that you're complying with the government regulations and paying taxes on time. Moreover, it can help you avoid any penalties or fines that may be associated with late filing. The Government of India has recently introduced the Goods and Services Tax (GST) . This new taxation scheme is intended to bring about a comprehensive reform in the way businesses are governed and operated. In this regard, it has made it easier for registered businesses to keep track of all their transactions and file the returns accordingly. There are several types of returns that a business must file on a regular basis in order to meet the compliances laid down by the government. These include monthly, quarterly and yearly returns. These can be downloaded from the official GST portal and can be processed within...