With the annual return filing date coming closer it is necessary to ensure that you are preparing your GST Tax Invoice in the correct format and not missing out on important details. While you can, of course, create your own personalized formats, there are many readily available formats for budding enterprises that can use these …
Read MoreThe time of the year has come where all your GST skills will be put to test. The first ever annual GST returns filing period. GST returns for the financial year from 1st July 2017 to 31st March 2018 needs to be filed by 31st March 2018 or before. There has already been an extension …
Read MoreFREQUENTLY ASKED QUESTIONS ABOUT GOODS AND SERVICE TAX Since the implementation of GST, there are many doubts and questions from taxpayers and business entities and we’re here to address them. So let’s dive into it. BASIC INFORMATION ON GST Goods and Service Tax, aka GST, is the one indirect tax for the whole nation conducting …
Read MoreHOW TO FILE GST RETURNS As of 1st July 2017, India saw a new tax reform coming into the act. The goods and service tax, aka GST, is the single indirect tax levied on goods and services of business entities. It is the single tax that ventures have to pay cutting out different tax heads …
Read MoreGST APPLICATION STATUS With the goods and service tax aka GST rolling into India from 1st July 2017, there are quite a few terms and terminologies that came into the picture as well. A well furnished large-scale firm can hire accountants and accounting software’s to get through all of this, however, the small and medium …
Read MoreWhat is the GSTIN Number? Goods and services tax identification number or simply GSTIN is a unique identification number provided to individuals or companies registered under the GST Act. It is a 15 digit unique number (a combination of alphabet and numbers)based on your permanent account number (PAN). To obtain the GST number, the entity …
Read MoreYou have decided to take on a business loan but while reading the agreement or scrolling through the pages of information related to the loan you come across terms that you have no idea about. For a business owner knowing all the terms of a loan is not always possible and sometimes leads to confusion. …
Read MoreWhen you start off your business, you have the dream to make it big and out there, with great financials, a loyal customer base and immense great. But to get there, it takes hard work, grit and the passion. Also, capital. For small businesses especially, taking on external funding is imperative. So what is business …
Read More2017 had been a roller-coaster ride for India. The first demonetization then G.S.T. the government had tossed googly after googly towards people. And now the government’s last ball of this 5-year test series is The Budget 2018: Hopefully, this one will be for the AAM AADMI. Naturally, everyone’s got their wish list ready right from …
Read MoreGoods and Services Tax (GST) was launched in India on 1st of July 2017. It created all kinds of noises, both good and bad, and finally, amidst a lot of dilemmas, this historic step was taken. It has been 3 months since GST came into effect but if you ask around, you will discover there is still …
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