Invoice Reference Number (IRN) is an alphanumeric code used to uniquely identify an invoice raised by a GST compliant business. The IRN is generated by the GST Network (GSTN) and is provided to the taxpayer and the GST department. It is a key component of the GST filing process and is used to track the …
As a taxpayer, it is crucial to understand the due dates for filing your TDS (Tax Deducted at Source) returns to ensure compliance with the income tax regulations. Filing TDS returns accurately and within the specified timelines is essential to avoid penalties and maintain a good standing with the tax authorities. In this blog post, …
DS Return Due Dates: How to Stay Compliant and Avoid Costly Penalties Read More »
Gone are the days when tax payment was a cumbersome manual process fraught with errors and potential fraud. Thanks to technological advancements, the Indian government introduced the Online Tax Accounting System (OLTAS) in 2004. This system revolutionized the way taxes are paid, ensuring efficiency, accuracy, and transparency. In this blog, we will delve into the …
India has long been a nation of businesspeople, but until recently, starting a new company there was a difficult undertaking. The absence of government funding and tax incentives was one of the greatest problems fledgling businesses had to deal with. Yet, with the introduction of the Startup India Action Plan in 2016, the Indian government …
The Game-Changing Tax Incentives For Startups Under The Startup India Action Plan Read More »
A business loan is an unsecured loan that is used to fund a business. It is usually given to small businesses that are in the process of growing or businesses that have a high potential for growth. The main advantage of a business loan is that it is usually given at a lower interest rate. …
A GST certificate is a legal document issued to those taxpayers who are registered under India’s GST system. Each taxpayer who possesses a GST enrollment certificate is needed to mandatorily showcase their enrollment certificates at a prominently visible spot on all demesne of their business To download GST enrollment certificates from the GST portal 1st …
How To Download GST Registration Certificate Online? Read More »
Income Tax Form 16 is the tax deduction at the source instrument issued by the employer in the employee’s stead. It provides details of TCS/ TDS for several deals between deductors and also deductees. Still, your tax is likely to get deducted at multiple places, If you have switched jobs or worked with numerous employers …
What is Form 16? type, eligibility & benefits oF form 16? Read More »
Small and medium enterprises( SMEs) noway find it easy to run their business operations. For them, it becomes a bit daunting to handle the front-office and back-office operations efficiently simultaneously, with their workers sharing multiple roles due to the limited resources. In such a script, automating tasks with the use of business tools help them …
How payroll software benefits small & medium size businesses? Read More »
Every registered dealer needs to file GST returns for a specified period. However, the dealer has to file Nil Return, If there’s no business activity. You can file returns through online mode. You can also create and upload offline. The theE-Return is also common for CGST, SGST, IGST, and other additional levies. Normal/ Regular taxpayers( including …
Input duty credit in GST, As defined by section 2( 57) of the MGL( Model GST Law) and section 2( 1)( d) of the IGST Act, Input duty is related to a taxable entity which means the( IGST and CGST) in respect of CGST Act and( IGST and SGST) in respect of SGST Act is …
