Introduction of MSMEs (Manufacturing enterprises) The full name of MSMEs is Micro, small & medium Enterprises, It is like the strongest channel in India with 60% of people from all over India investing. Under this, more than 5000 products are made, and through these products, our entire work is done […]
Continue readingCategory: GST – Tax – TDS – MCA
What is The Amnesty Scheme Under GST and Its benefits?
What is Amnesty Scheme? When a registered company does not file its GST return, it incurs a late fee and if that registered company does not file its GST in the same way, it incurs a lot of late fees, which causes that company a lot of trouble. How to […]
Continue readingHow to see it after filling GST PMT-09?
When we go back to the electronic cash ledger after filing GST PMT-09 in our portal, we have the option to view the GST PMT-09 file in it. After clicking on it, it gives us two options, from which we can see our PMT09 challan. 1st is SEARCH BY ARN […]
Continue readingFull Process To Filed GST-PMT09
What is GST-PMT09 Form? When the balance in our cache ledger accidentally moves to different columns, we use GST PMT-09 to bring it into the correct column. If the tax amount has gone to the wrong column, with the help of GST-PMT09 we can bring it to the right column, […]
Continue readingNew Method Under QRMP Scheme From 1st-April-2021 | How to delete unfiled IFF data
Any business which had a turnover was fewer than 5 lakhs was sent to the column in the QRMP Scheme, whereby we used to furnish the invoices of all our B2B sales with the help of the invoice furnishing facility to all our B2B sales. But now the GST portal […]
Continue readingHow To Furnish our B2B Invoices in Offline Method under IFF Facility?
IFF (Invoice Furnishing facility):- Under this method, we submit all our (B2B) invoices by the 13th of every month. This is optional for each taxpayer. Because when a taxpayer finishes his invoices with the help of (IFF), it is easy for his supplier to get an income tax credit. IFF […]
Continue readingGST New Updates in 2021
There have been changes in the Summary since 1 April 2021. Within this, if the turnover of a business is up to 5 crores, then they have to enter the 4 digit HSN code and if the turnover of a company is more than 5 crores, then they have to […]
Continue readingGST FAQ’S
What is GSTIN ? When a person registers his company within the Goods and Services Tax, he is given a Goods and Services Tax Identification Number. What are the type of GST? There are Three Types of GST. (a) CGST (Central Goods & Service tax):- It means that if we […]
Continue readingFormat of an Invoice Under GST
What information is required to create any GST INVOICES Under Service Provider Company? (a) First of all, the service provider should have the registered address of the company with the PIN code of its region (b) Must have a PAN number (c) He should have the company’s register number, which […]
Continue readingGST – QRMP Scheme – Frequently Asked Questions (FAQs)Part 2
Can I avail the QRMP scheme at any point of time during a financial year? According to the Indian government, we cannot avail of quarterly Return monthly payments in any financial year. For this, the government has given a date for everyone, according to which we can take advantage of […]
Continue readingWhat is QRMP Scheme & What are the benefits?
QRMP Scheme The full name of this scheme is Quarterly Return Monthly Payment(QRMP), in which we have to make monthly payment of taxes and quarterly payment of returns. Under this scheme, any company has to follow very few compliances Due to which time is also reduced and all the small […]
Continue readingGST – QRMP Scheme – Frequently Asked Questions (FAQs) Part 1
What is Quarterly Returns with Monthly Payment (QRMP) Scheme? Quarterly Return Monthly Payments have to follow very few compliances in which small businesses with a turnover of less than 50 million can benefit from this scheme by opting for it. These are very good schemes brought by the Indian Government, […]
Continue readingHow Many Compliance Any Company Has To Complete After Starting the Business
COMPLIANCE:- Compliance means that in order to do any work properly, we have to follow all the rules and laws made by them so as not to bear any loss beyond. While starting any business in India, all the rules made by the Indian Government should be followed. Everything a […]
Continue readingGST FULL DETAILS AND ITS FILING DATES
TAX PAYING DIVIDED INTO TWO CATEGORY ‘X’ AND ‘Y’ X CATEGORY:- Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union Territories of Daman, Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands, and Lakshadweep. Y CATEGORY:-Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar […]
Continue readingImportant Dates
TDS is deducted from the income of all persons in India as per the rule of the Indian Government. But whoever deducts TDS has to submit it to the government. Which we do every three months DUE DATE FOR FILLING TDS RETUN FINANCIAL YEAR 2020-2021 OUARTER QUARTER PERIOD QUARTER ENDING […]
Continue readingUSEFUL ACCOUNTING RESOURCES FOR MONTHLY AND YEARLY COMPLIANCES
TDS (Tax Deducted At Source) These are the rules made by the government, in which the government is monitored by any of your income and as soon as you get any profit which falls under the rule of tax deducted At source, then the government is first paid tax. The […]
Continue readingINCOME TAX RATE SLAB FOR PRIVATE LIMITED COMPANIES
Income Tax Rate Private Limited Companies FY 2020-21 There are two types of investments in India company, one is of Normal India, which we called as Domestic Company and another forging company invests in it. All the companies have to file their returns on 30 September whether it is domestic […]
Continue readingINCOME TAX RATE SLABE FOR INDIVIDUALS IN INDIA
Slab Rate Financial Year 2020-21 Direct tax to be paid on the income of any person is called income tax. In India, the tax levied on all persons is levied according to age, in which all are category wise divided. Individual (Resident or Resident but not Ordinarily Resident or non-resident), […]
Continue readingSTATEMENT OF PROFIT AND LOSS ACCOUNT FOR PRIVATE LIMITED COMPANY
What is Profit And Loss Account? To know about the profit of the business, we have to look at the profit and loss account of that company, then it tells us that my company has earned profit or loss in that financial year. So for this, we have to create […]
Continue readingGST Update – How to file returns in QRMP scheme?
What is QRMP scheme? QRMP’s full form is “Quarterly Returns with Monthly Payment”. As this name is indicating it’s a scheme newly introduced under GST filing, where taxpayers can file their GSTR 1 and GSTR 3B both returns quarterly instead of monthly. Who can opt for QRMP scheme? All taxpayers […]
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